Singapore: Market for Finishing Agents Used In The Textile Industry 2025

Market Size for Finishing Agents Used In The Textile Industry in Singapore

In 2022, the Singaporean textile industry finishing agents market decreased by X% to $X for the first time since 2019, thus ending a two-year rising trend. Over the period under review, consumption, however, recorded resilient growth. Over the period under review, the market attained the peak level at $X in 2021, and then dropped dramatically in the following year.

Production of Finishing Agents Used In The Textile Industry in Singapore

In value terms, textile industry finishing agents production contracted rapidly to $X in 2022 estimated in export price. In general, production recorded a abrupt curtailment. The growth pace was the most rapid in 2018 when the production volume increased by X%. Over the period under review, production attained the peak level at $X in 2019; however, from 2020 to 2022, production stood at a somewhat lower figure.

Exports of Finishing Agents Used In The Textile Industry

Exports from Singapore

Textile industry finishing agents exports from Singapore declined markedly to X tons in 2022, reducing by X% against the previous year. Overall, exports showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 when exports increased by X% against the previous year. Over the period under review, the exports attained the peak figure at X tons in 2018; however, from 2019 to 2022, the exports failed to regain momentum.

In value terms, textile industry finishing agents exports declined notably to $X in 2022. Over the period under review, exports saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2017 with an increase of X%. Over the period under review, the exports attained the peak figure at $X in 2018; however, from 2019 to 2022, the exports failed to regain momentum.

Exports by Country

Bangladesh (X tons) was the main destination for textile industry finishing agents exports from Singapore, with a X% share of total exports. Moreover, textile industry finishing agents exports to Bangladesh exceeded the volume sent to the second major destination, Malaysia (X tons), more than tenfold. Pakistan (X tons) ranked third in terms of total exports with a X% share.

From 2012 to 2022, the average annual growth rate of volume to Bangladesh was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: Malaysia (X% per year) and Pakistan (X% per year).

In value terms, Bangladesh ($X) remains the key foreign market for finishing agents used in the textile industry exports from Singapore, comprising X% of total exports. The second position in the ranking was taken by Vietnam ($X), with a X% share of total exports. It was followed by Malaysia, with a X% share.

From 2012 to 2022, the average annual growth rate of value to Bangladesh totaled X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Vietnam (X% per year) and Malaysia (X% per year).

Export Prices by Country

The average textile industry finishing agents export price stood at $X per ton in 2022, jumping by X% against the previous year. Over the period under review, the export price continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2016 an increase of X%. As a result, the export price reached the peak level of $X per ton. From 2017 to 2022, the average export prices remained at a somewhat lower figure.

There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Vietnam ($X per ton), while the average price for exports to Malaysia ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Bangladesh (X%), while the prices for the other major destinations experienced a decline.

Imports of Finishing Agents Used In The Textile Industry

Imports into Singapore

In 2022, supplies from abroad of finishing agents used in the textile industry decreased by X% to X tons for the first time since 2019, thus ending a two-year rising trend. Overall, imports, however, posted a prominent increase. The most prominent rate of growth was recorded in 2015 when imports increased by X%. Over the period under review, imports reached the maximum at X tons in 2021, and then plummeted in the following year.

In value terms, textile industry finishing agents imports declined remarkably to $X in 2022. In general, imports, however, recorded a buoyant increase. The pace of growth was the most pronounced in 2018 with an increase of X%. Imports peaked at $X in 2021, and then reduced notably in the following year.

Imports by Country

Thailand (X tons), Indonesia (X tons) and Vietnam (X tons) were the main suppliers of textile industry finishing agents imports to Singapore, with a combined X% share of total imports.

From 2012 to 2022, the biggest increases were recorded for Indonesia (with a CAGR of X%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest textile industry finishing agents suppliers to Singapore were India ($X), China ($X) and Vietnam ($X), together comprising X% of total imports.

Among the main suppliers, India, with a CAGR of X%, recorded the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the average textile industry finishing agents import price amounted to $X per ton, reducing by X% against the previous year. In general, the import price, however, recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2021 when the average import price increased by X% against the previous year. As a result, import price reached the peak level of $X per ton, and then shrank in the following year.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was India ($X per ton), while the price for Malaysia ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by India (X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :