Singapore: Walking-Sticks And Whips Market 2024

Walking-Sticks And Whips Market Size in Singapore

In 2021, the Singaporean walking-sticks and whips market decreased by -79.3% to $X, falling for the third year in a row after two years of growth. Over the period under review, consumption continues to indicate a deep setback. As a result, consumption attained the peak level of $X. From 2019 to 2021, the growth of the market remained at a lower figure.

Walking-Sticks And Whips Exports

Exports from Singapore

In 2021, overseas shipments of walking-sticks, seat-sticks, whips and riding-crops increased by 415% to X tons, rising for the second year in a row after two years of decline. In general, exports showed a buoyant expansion. Over the period under review, the exports hit record highs at X tons in 2017; however, from 2018 to 2021, the exports stood at a somewhat lower figure.

In value terms, walking-sticks and whips exports skyrocketed to $X in 2021. Over the period under review, exports recorded a significant increase. Over the period under review, the exports attained the peak figure at $X in 2017; however, from 2018 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

Hong Kong SAR (X tons) was the main destination for walking-sticks and whips exports from Singapore, accounting for a 72% share of total exports. Moreover, walking-sticks and whips exports to Hong Kong SAR exceeded the volume sent to the second major destination, Malaysia (X kg), threefold.

From 2012 to 2021, the average annual rate of growth in terms of volume to Hong Kong SAR amounted to +32.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: Malaysia (+21.1% per year) and Indonesia (+35.4% per year).

In value terms, Hong Kong SAR ($X) emerged as the key foreign market for walking-sticks and whips exports from Singapore, comprising 72% of total exports. The second position in the ranking was held by Malaysia ($X), with a 23% share of total exports.

From 2012 to 2021, the average annual growth rate of value to Hong Kong SAR totaled +53.8%. Exports to the other major destinations recorded the following average annual rates of exports growth: Malaysia (+37.9% per year) and Indonesia (+55.7% per year).

Export Prices by Country

The average walking-sticks and whips export price stood at $X per ton in 2021, with an increase of 42% against the previous year. In general, the export price posted a prominent increase. The pace of growth was the most pronounced in 2013 an increase of 43%. Over the period under review, the average export prices reached the maximum in 2021 and is expected to retain growth in the immediate term.

Average prices varied noticeably for the major external markets. In 2021, the country with the highest price was Indonesia ($X per ton), while the average price for exports to Hong Kong SAR ($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 Turkey (+21.4%), while the prices for the other major destinations experienced more modest paces of growth.

Walking-Sticks And Whips Imports

Imports into Singapore

In 2021, purchases abroad of walking-sticks, seat-sticks, whips and riding-crops decreased by -79% to X tons, falling for the third year in a row after two years of growth. Overall, imports saw a abrupt decrease. The most prominent rate of growth was recorded in 2018 with an increase of 250% against the previous year. As a result, imports attained the peak of X tons. From 2019 to 2021, the growth of imports failed to regain momentum.

In value terms, walking-sticks and whips imports dropped sharply to $X in 2021. Over the period under review, imports recorded a abrupt setback. The most prominent rate of growth was recorded in 2018 when imports increased by 186%. As a result, imports attained the peak of $X. From 2019 to 2021, the growth of imports failed to regain momentum.

Imports by Country

In 2021, China (X tons) constituted the largest walking-sticks and whips supplier to Singapore, with a 78% share of total imports. Moreover, walking-sticks and whips imports from China exceeded the figures recorded by the second-largest supplier, the United States (X kg), ninefold. Taiwan (Chinese) (X kg) ranked third in terms of total imports with a 4.8% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from China stood at -7.4%. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (+10.1% per year) and Taiwan (Chinese) (-16.8% per year).

In value terms, China ($X) constituted the largest supplier of walking-sticks and whips to Singapore, comprising 78% of total imports. The second position in the ranking was taken by the United States ($X), with an 8.7% share of total imports. It was followed by Taiwan (Chinese), with a 4.8% share.

From 2012 to 2021, the average annual growth rate of value from China stood at -4.8%. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (+13.1% per year) and Taiwan (Chinese) (-14.6% per year).

Import Prices by Country

The average walking-sticks and whips import price stood at $X per ton in 2021, surging by 26% against the previous year. In general, import price indicated a noticeable increase from 2012 to 2021: its price increased at an average annual rate of +2.2% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, walking-sticks and whips import price increased by +68.0% against 2018 indices. Over the period under review, average import prices attained the maximum at $X per ton in 2014; however, from 2015 to 2021, import prices remained at a lower figure.

Average prices varied noticeably amongst the major supplying countries. In 2021, the highest price was recorded for prices from Italy ($X per ton) and Pakistan ($X per ton), while the price for China ($X per ton) and the United States ($X per ton) were amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Italy (+2.8%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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