Report Update Nov 1, 2024

Singapore - Track Suits, Ski Suits and Swimwear - Market Analysis, Forecast, Size, Trends and Insights

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Singapore: Sportswear Market 2024

Sportswear Market Size in Singapore

The Singaporean sportswear market soared to $X in 2021, picking up by 112% against the previous year. Over the period under review, consumption saw a buoyant increase. As a result, consumption reached the peak level and is likely to continue growth in the immediate term.

Sportswear Production in Singapore

In value terms, sportswear production fell to $X in 2021 estimated in export price. Overall, production saw a slight contraction. The most prominent rate of growth was recorded in 2019 with an increase of 286%. Sportswear production peaked at $X in 2020, and then fell in the following year.

Sportswear Exports

Exports from Singapore

In 2021, overseas shipments of track suits, ski suits and swimwear decreased by -86.2% to X units, falling for the third consecutive year after four years of growth. Overall, exports recorded a significant decrease. The growth pace was the most rapid in 2017 with an increase of 50%. Over the period under review, the exports hit record highs at X units in 2018; however, from 2019 to 2021, the exports failed to regain momentum.

In value terms, sportswear exports declined significantly to $X in 2021. Over the period under review, exports showed a abrupt contraction. The most prominent rate of growth was recorded in 2017 when exports increased by 48% against the previous year. Over the period under review, the exports attained the peak figure at $X in 2018; however, from 2019 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

Israel (X units), the Netherlands (X units) and the United States (X units) were the main destinations of sportswear exports from Singapore, with a combined 41% share of total exports.

From 2012 to 2021, the biggest increases were recorded for Israel (with a CAGR of +20.7%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Israel ($X), the Netherlands ($X) and Indonesia ($X) constituted the largest markets for sportswear exported from Singapore worldwide, together accounting for 36% of total exports.

Among the main countries of destination, Israel, with a CAGR of +25.0%, recorded the highest growth rate of 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

In 2021, the average sportswear export price amounted to $X per unit, rising by 43% against the previous year. In general, export price indicated a resilient increase from 2012 to 2021: its price increased at an average annual rate of +6.3% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, sportswear export price increased by +99.2% against 2018 indices. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably country of destination: the country with the highest price was Indonesia ($X per unit), while the average price for exports to Brazil ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Indonesia (+18.5%), while the prices for the other major destinations experienced more modest paces of growth.

Sportswear Imports

Imports into Singapore

In 2021, overseas purchases of track suits, ski suits and swimwear increased by 251% to X units for the first time since 2018, thus ending a two-year declining trend. Over the period under review, imports saw a buoyant increase. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, sportswear imports soared to $X in 2021. Overall, imports showed a resilient expansion. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2021, China (X units) was the main supplier of sportswear to Singapore, accounting for a 92% share of total imports. It was followed by Hong Kong SAR (X units), with a 1.4% share of total imports.

From 2012 to 2021, the average annual growth rate of volume from China stood at +12.6%.

In value terms, China ($X) constituted the largest supplier of track suits, ski suits and swimwear to Singapore, comprising 83% of total imports. The second position in the ranking was held by Hong Kong SAR ($X), with a 2.3% share of total imports.

From 2012 to 2021, the average annual growth rate of value from China stood at +14.5%.

Import Prices by Country

In 2021, the average sportswear import price amounted to $X per unit, rising by 13% against the previous year. Over the last nine-year period, it increased at an average annual rate of +2.0%. The most prominent rate of growth was recorded in 2016 an increase of 26%. The import price peaked in 2021 and is expected to retain growth in the near future.

Prices varied noticeably country of origin: the country with the highest price was Hong Kong SAR ($X per unit), while the price for China amounted to $X per unit.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Hong Kong SAR (+8.5%).

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for track suits, ski suits and swimwear in the world?

The countries with the highest volumes of in 2021 were China, South Africa and the United States, together comprising 59% of global consumption. India, Pakistan, Nigeria and Bangladesh lagged somewhat behind, together accounting for a further 7.7%.

What are the largest producers of track suits, ski suits and swimwear in the world?

China constituted the country with the largest volume of sportswear production, comprising approx. 50% of total volume. Moreover, sportswear production in China exceeded the figures recorded by the second-largest producer, Bangladesh, more than tenfold. The third position in this ranking was occupied by Cambodia, with a 3.1% share.

What are the leading suppliers of track suits, ski suits and swimwear to Singapore?

In value terms, China constituted the largest supplier of sportswear to Singapore, comprising 31% of total imports. The second position in the ranking was occupied by Vietnam, with a 6.1% share of total imports. It was followed by Sri Lanka, with a 5.9% share.

What are the leading importers of track suits, ski suits and swimwear from Singapore?

In value terms, the largest markets for sportswear exported from Singapore were the UK, Belgium and Vietnam, with a combined 39% share of total exports.

What is the average export price for track suits, ski suits and swimwear in Singapore?

In 2021, the average sportswear export price amounted to $6.1 per unit, declining by -2.4% against the previous year.

What is the average import price for track suits, ski suits and swimwear in Singapore?

The average sportswear import price stood at $7.8 per unit in 2021, surging by 5.2% against the previous year.

This report provides an in-depth analysis of the sportswear 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 14191210 - Track-suits, of knitted or crocheted textiles
Prodcom 14191230 - Ski-suits, of knitted or crocheted textiles
Prodcom 14191240 - Men
Prodcom 14191250 - Women

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