Singapore: Textile Wall Covering Market 2024

Textile Wall Covering Market Size in Singapore

In 2022, the Singaporean textile wall covering market increased by X% to $X for the first time since 2017, thus ending a four-year declining trend. Over the period under review, consumption recorded a abrupt shrinkage. Textile wall covering consumption peaked at $X in 2012; however, from 2013 to 2022, consumption stood at a somewhat lower figure.

Textile Wall Covering Production in Singapore

In value terms, textile wall covering production stood at $X in 2022 estimated in export price. Over the period under review, production saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2016 with a decrease of X% against the previous year. Textile wall covering production peaked in 2022 and is expected to retain growth in years to come.

Textile Wall Covering Exports

Exports from Singapore

In 2022, approx. X square meters of textile wall coverings were exported from Singapore; picking up by X% against the year before. Overall, exports recorded a significant expansion. The growth pace was the most rapid in 2021 with an increase of X%. Over the period under review, the exports hit record highs in 2022 and are expected to retain growth in the immediate term.

In value terms, textile wall covering exports skyrocketed to $X in 2022. Over the period under review, exports enjoyed a significant expansion. The growth pace was the most rapid in 2013 with an increase of X%. The exports peaked in 2022 and are likely to see gradual growth in years to come.

Exports by Country

Indonesia (X square meters) was the main destination for textile wall covering exports from Singapore, accounting for a X% share of total exports. It was followed by the Philippines (X square meters), with a X% share of total exports.

From 2012 to 2022, the average annual growth rate of volume to Indonesia amounted to X%. Exports to the other major destinations recorded the following average annual rates of exports growth: the Philippines (X% per year) and Vietnam (X% per year).

In value terms, Indonesia ($X) remains the key foreign market for textile wall coverings exports from Singapore, comprising X% of total exports. The second position in the ranking was taken by the Philippines ($X), with a X% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of value to Indonesia stood at X%. Exports to the other major destinations recorded the following average annual rates of exports growth: the Philippines (X% per year) and Vietnam (X% per year).

Export Prices by Country

The average textile wall covering export price stood at $X per square meter in 2022, picking up by X% against the previous year. Overall, the export price, however, recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2017 an increase of X% against the previous year. Over the period under review, the average export prices hit record highs at $X per square meter in 2018; however, from 2019 to 2022, the export prices remained at a lower figure.

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

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

Textile Wall Covering Imports

Imports into Singapore

In 2022, approx. X square meters of textile wall coverings were imported into Singapore; reducing by X% compared with the year before. Overall, imports recorded a abrupt descent. The growth pace was the most rapid in 2021 with an increase of X% against the previous year. Imports peaked at X square meters in 2012; however, from 2013 to 2022, imports failed to regain momentum.

In value terms, textile wall covering imports expanded rapidly to $X in 2022. In general, imports continue to indicate a perceptible setback. The most prominent rate of growth was recorded in 2017 with an increase of X% against the previous year. Imports peaked at $X in 2012; however, from 2013 to 2022, imports remained at a lower figure.

Imports by Country

China (X square meters), Belgium (X square meters) and South Korea (X square meters) were the main suppliers of textile wall covering imports to Singapore, with a combined X% share of total imports. Indonesia, the United States, France, the Netherlands, New Zealand and Denmark lagged somewhat behind, together accounting for a further X%.

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, South Korea ($X), France ($X) and the United States ($X) were the largest textile wall covering suppliers to Singapore, together comprising X% of total imports. China, the Netherlands, Belgium, Indonesia, New Zealand and Denmark lagged somewhat behind, together comprising a further X%.

In terms of the main suppliers, Indonesia, with a CAGR of X%, saw 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

The average textile wall covering import price stood at $X per square meter in 2022, rising by X% against the previous year. Overall, import price indicated a tangible expansion from 2012 to 2022: its price increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, textile wall covering import price increased by X% against 2019 indices. The growth pace was the most rapid in 2017 when the average import price increased by X% against the previous year. As a result, import price attained the peak level of $X per square meter. From 2018 to 2022, the average import prices remained at a somewhat lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was France ($X per square meter), while the price for Indonesia ($X per square meter) was amongst the lowest.

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

Source: IndexBox Platform

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