Singapore: Market for Footwear of Rubber or Plastics, not Waterproof, not Sports, without a Metal Toe-Cap 2024

Market Size for Footwear of Rubber or Plastics, not Waterproof, not Sports, without a Metal Toe-Cap in Singapore

In 2021, the Singaporean market for footwear of rubber or plastics, not waterproof, not sports, without a metal toe-cap decreased by -18% to $X for the first time since 2018, thus ending a two-year rising trend. Over the period under review, consumption recorded a relatively flat trend pattern. As a result, consumption reached the peak level of $X. From 2015 to 2021, the growth of the market failed to regain momentum.

Production of Footwear of Rubber or Plastics, not Waterproof, not Sports, without a Metal Toe-Cap in Singapore

In value terms, production of footwear of rubber or plastics, not waterproof, not sports, without a metal toe-cap reduced sharply to $X in 2021 estimated in export price. Overall, production recorded a noticeable curtailment. The most prominent rate of growth was recorded in 2014 with an increase of 93% against the previous year. As a result, production reached the peak level of $X. From 2015 to 2021, production of growth failed to regain momentum.

Exports of Footwear of Rubber or Plastics, not Waterproof, not Sports, without a Metal Toe-Cap

Exports from Singapore

In 2021, the amount of footwear of rubber or plastics, not waterproof, not sports, without a metal toe-cap exported from Singapore surged to X tons, with an increase of 46% on 2020 figures. In general, total exports indicated a measured expansion from 2012 to 2021: its volume increased at an average annual rate of +4.5% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, exports increased by +62.8% against 2018 indices. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

In value terms, exports of footwear of rubber or plastics, not waterproof, not sports, without a metal toe-cap skyrocketed to $X in 2021. The total export value increased at an average annual rate of +5.9% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2013 with an increase of 30%. The exports peaked at $X in 2019; however, from 2020 to 2021, the exports failed to regain momentum.

Exports by Country

Malaysia (X tons), Indonesia (X tons) and Argentina (X tons) were the main destinations of exports of footwear of rubber or plastics, not waterproof, not sports, without a metal toe-cap from Singapore, with a combined 43% share of total exports. Vietnam, Australia, Thailand, the Philippines, Japan, the United States, India, Taiwan (Chinese), South Korea and Hong Kong SAR lagged somewhat behind, together comprising a further 48%.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Taiwan (Chinese) (with a CAGR of +53.5%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for footwear of rubber or plastics, not waterproof, not sports, without a metal toe-cap exported from Singapore were Malaysia ($X), Indonesia ($X) and Argentina ($X), with a combined 45% share of total exports. These countries were followed by Vietnam, Thailand, the Philippines, Japan, Australia, the United States, Taiwan (Chinese), India, Hong Kong SAR and South Korea, which together accounted for a further 46%.

In terms of the main countries of destination, Taiwan (Chinese), with a CAGR of +53.6%, recorded the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average export price for footwear of rubber or plastics, not waterproof, not sports, without a metal toe-cap stood at $X per ton in 2021, falling by -15.6% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +1.3%. The most prominent rate of growth was recorded in 2013 an increase of 19% against the previous year. The export price peaked at $X per ton in 2018; however, from 2019 to 2021, the export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Malaysia ($X per ton), while the average price for exports to South Korea ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to the Philippines (+4.6%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Footwear of Rubber or Plastics, not Waterproof, not Sports, without a Metal Toe-Cap

Imports into Singapore

In 2021, the amount of footwear of rubber or plastics, not waterproof, not sports, without a metal toe-cap imported into Singapore surged to X tons, with an increase of 19% compared with the previous year. The total import volume increased at an average annual rate of +2.8% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2019 when imports increased by 33%. As a result, imports attained the peak of X tons. From 2020 to 2021, the growth of imports of failed to regain momentum.

In value terms, imports of footwear of rubber or plastics, not waterproof, not sports, without a metal toe-cap skyrocketed to $X in 2021. Overall, total imports indicated a buoyant expansion from 2012 to 2021: its value increased at an average annual rate of +7.1% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports decreased by -4.9% against 2019 indices. The most prominent rate of growth was recorded in 2019 when imports increased by 30% against the previous year. As a result, imports reached the peak of $X. From 2020 to 2021, the growth of imports of remained at a somewhat lower figure.

Imports by Country

China (X tons), Italy (X tons) and Vietnam (X tons) were the main suppliers of imports of footwear of rubber or plastics, not waterproof, not sports, without a metal toe-cap to Singapore, with a combined 79% share of total imports.

From 2012 to 2021, the biggest increases were recorded for Italy (with a CAGR of +43.9%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest footwear of rubber or plastics, not waterproof, not sports, without a metal toe-cap suppliers to Singapore were China ($X), Italy ($X) and Vietnam ($X), with a combined 79% share of total imports.

Italy, with a CAGR of +48.6%, saw the highest growth rate of the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2021, the average import price for footwear of rubber or plastics, not waterproof, not sports, without a metal toe-cap amounted to $X per ton, almost unchanged from the previous year. Over the last nine-year period, it increased at an average annual rate of +4.3%. The most prominent rate of growth was recorded in 2013 an increase of 14% against the previous year. The import price peaked at $X per ton in 2020, and then declined in the following year.

Average prices varied somewhat amongst the major supplying countries. In 2021, amid the top importers, the countries with the highest prices were Indonesia ($X per ton) and Malaysia ($X per ton), while the price for Brazil ($X per ton) and China ($X per ton) were amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by China (+5.3%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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