Report Update Nov 1, 2024

Singapore - Silk Yarn and Yarn Spun From Silk Waste - Market Analysis, Forecast, Size, Trends and Insights

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Singapore: Silk Yarn Market 2024

Silk Yarn Market Size in Singapore

The Singaporean silk yarn market dropped slightly to $X in 2021, reducing by -4.6% against the previous year. Overall, consumption, however, showed a abrupt descent. Silk yarn consumption peaked at $X in 2012; however, from 2013 to 2021, consumption failed to regain momentum.

Silk Yarn Production in Singapore

In value terms, silk yarn production reduced to $X in 2021 estimated in export price. Overall, production, however, recorded a abrupt setback. The most prominent rate of growth was recorded in 2020 when the production volume increased by 19% against the previous year. Over the period under review, production reached the maximum level at $X in 2012; however, from 2013 to 2021, production failed to regain momentum.

Silk Yarn Exports

Exports from Singapore

In 2021, silk yarn exports from Singapore dropped modestly to X tons, stabilizing at the previous year's figure. In general, exports recorded a noticeable shrinkage. The growth pace was the most rapid in 2017 with an increase of 180% against the previous year. As a result, the exports attained the peak of X tons. From 2018 to 2021, the growth of the exports remained at a somewhat lower figure.

In value terms, silk yarn exports shrank dramatically to $X in 2021. Overall, exports recorded a deep downturn. The most prominent rate of growth was recorded in 2015 when exports increased by 145% against the previous year. Over the period under review, the exports reached the peak figure at $X in 2017; however, from 2018 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

Indonesia (X tons) was the main destination for silk yarn exports from Singapore, with a approx. 97% share of total exports.

From 2012 to 2021, the average annual rate of growth in terms of volume to Indonesia totaled -1.8%.

In value terms, Indonesia ($X) also remains the key foreign market for silk yarn and yarn spun from silk waste exports from Singapore.

From 2012 to 2021, the average annual growth rate of value to Indonesia amounted to -7.2%.

Export Prices by Country

In 2021, the average silk yarn export price amounted to $X per ton, shrinking by -55% against the previous year. Overall, the export price recorded a deep slump. The pace of growth was the most pronounced in 2020 an increase of 116%. Over the period under review, the average export prices attained the maximum at $X per ton in 2016; however, from 2017 to 2021, the export prices remained at a lower figure.

As there is only one major export destination, the average price level is determined by prices for Indonesia.

From 2012 to 2021, the rate of growth in terms of prices for Germany amounted to +1,292.5% per year.

Silk Yarn Imports

Imports into Singapore

In 2021, supplies from abroad of silk yarn and yarn spun from silk waste decreased by -0.6% to X tons, falling for the fourth consecutive year after three years of growth. Over the period under review, imports continue to indicate a deep slump. The pace of growth appeared the most rapid in 2015 when imports increased by 90%. Imports peaked at X tons in 2017; however, from 2018 to 2021, imports stood at a somewhat lower figure.

In value terms, silk yarn imports skyrocketed to $X in 2021. In general, imports recorded a abrupt decline. The pace of growth appeared the most rapid in 2015 when imports increased by 95% against the previous year. Over the period under review, imports reached the peak figure at $X in 2016; however, from 2017 to 2021, imports failed to regain momentum.

Imports by Country

In 2021, China (X tons) was the main silk yarn supplier to Singapore, accounting for a 91% share of total imports. It was followed by the United States (X kg), with a 2.5% share of total imports.

From 2012 to 2021, the average annual rate of growth in terms of volume from China totaled -7.0%. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (+14.9% per year) and India (-37.1% per year).

In value terms, China ($X) constituted the largest supplier of silk yarn and yarn spun from silk waste to Singapore, comprising 62% of total imports. The second position in the ranking was taken by the United States ($X), with a 27% share of total imports.

From 2012 to 2021, the average annual rate of growth in terms of value from China totaled -9.3%. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (+83.8% per year) and India (-33.3% per year).

Import Prices by Country

The average silk yarn import price stood at $X per ton in 2021, picking up by 49% against the previous year. Over the period under review, import price indicated a measured increase from 2012 to 2021: its price increased at an average annual rate of +2.5% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, silk yarn import price increased by +81.3% against 2018 indices. The import price peaked at $X per ton in 2016; however, from 2017 to 2021, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2021, amid the top importers, the country with the highest price was the United States ($X per ton), while the price for China ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the United States (+59.9%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for silk yarn and yarn spun from silk waste in the world?

The countries with the highest volumes of silk yarn consumption in 2020 were India, Vietnam and China, with a combined 62% share of global consumption.

What are the largest producers of silk yarn and yarn spun from silk waste in the world?

The countries with the highest volumes of silk yarn production in 2020 were India, Vietnam and China, with a combined 63% share of global production.

What are the leading suppliers of silk yarn and yarn spun from silk waste to Singapore?

In value terms, China constituted the largest supplier of silk yarn to Singapore, comprising 87% of total imports. The second position in the ranking was occupied by Italy, with a 6.2% share of total imports.

What are the leading importers of silk yarn and yarn spun from silk waste from Singapore?

In value terms, Indonesia remains the key foreign market for silk yarn exports from Singapore, comprising 63% of total exports. The second position in the ranking was occupied by India, with a 31% share of total exports.

What is the average export price for silk yarn and yarn spun from silk waste in Singapore?

In 2020, the average silk yarn export price amounted to $25,398 per ton, surging by 111% against the previous year.

What is the average import price for silk yarn and yarn spun from silk waste in Singapore?

In 2020, the average silk yarn import price amounted to $15,639 per ton, falling by -17.5% against the previous year.

This report provides an in-depth analysis of the silk yarn market in Singapore. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.

Product coverage:

Prodcom 13104010 - Silk yarn, n.p.r.s. (excluding spun from silk waste)
Prodcom 13104030 - Yarn spun from silk waste, n.p.r.s.
Prodcom 13104050 - Silk yarn and silk waste yarn, p.r.s., silk-worm gut

Country coverage:

Singapore

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in Singapore
Export and import prices
Market trends, drivers and restraints
Key market players and their profiles

Reasons to buy this report:

Take advantage of the latest data
Find deeper insights into current market developments
Discover vital success factors affecting the market

This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:

How to diversify your business and benefit from new market opportunities
How to load your idle production capacity
How to boost your sales on overseas markets
How to increase your profit margins
How to make your supply chain more sustainable
How to reduce your production and supply chain costs
How to outsource production to other countries
How to prepare your business for global expansion

While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.

1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business
1. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects
1. MARKET SIZE
2. MARKET STRUCTURE
3. TRADE BALANCE
4. PER CAPITA CONSUMPTION
5. MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. TOP EXPORTING COUNTRIES
4. LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2023
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO
LIST OF TABLES
1. Key Findings In 2023
2. Market Volume, In Physical Terms, 2012–2023
3. Market Value, 2012–2023
4. Per Capita Consumption In 2012-2023
5. Imports, In Physical Terms, By Country, 2012–2023
6. Imports, In Value Terms, By Country, 2012–2023
7. Import Prices, By Country Of Origin, 2012–2023
8. Exports, In Physical Terms, By Country, 2012–2023
9. Exports, In Value Terms, By Country, 2012–2023
10. Export Prices, By Country Of Destination, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
5. Trade Balance, In Physical Terms, 2012-2023
6. Trade Balance, In Value Terms, 2012-2023
7. Per Capita Consumption, 2012-2023
8. Market Volume Forecast to 2030
9. Market Value Forecast to 2030
10. Products: Market Size And Growth, By Type
11. Products: Average Per Capita Consumption, By Type
12. Products: Exports And Growth, By Type
13. Products: Export Prices And Growth, By Type
14. Production Volume And Growth
15. Exports And Growth
16. Export Prices And Growth
17. Market Size And Growth
18. Per Capita Consumption
19. Imports And Growth
20. Import Prices
21. Production, In Physical Terms, 2012–2023
22. Production, In Value Terms, 2012–2023
23. Imports, In Physical Terms, 2012–2023
24. Imports, In Value Terms, 2012–2023
25. Imports, In Physical Terms, By Country, 2023
26. Imports, In Physical Terms, By Country, 2012–2023
27. Imports, In Value Terms, By Country, 2012–2023
28. Import Prices, By Country Of Origin, 2012–2023
29. Exports, In Physical Terms, 2012–2023
30. Exports, In Value Terms, 2012–2023
31. Exports, In Physical Terms, By Country, 2023
32. Exports, In Physical Terms, By Country, 2012–2023
33. Exports, In Value Terms, By Country, 2012–2023
34. Export Prices, By Country Of Destination, 2012–2023