Singapore - Woven Woolen Fabrics - Market Analysis, Forecast, Size, Trends and Insights
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View PricingSingapore: Woolen Fabric Market 2024
Woolen Fabric Market Size in Singapore
The Singaporean woolen fabric market declined significantly to $X in 2021, dropping by -42.1% against the previous year. In general, consumption recorded a deep contraction. Woolen fabric consumption peaked at $X in 2013; however, from 2014 to 2021, consumption stood at a somewhat lower figure.
Woolen Fabric Production in Singapore
In value terms, woolen fabric production contracted significantly to $X in 2021 estimated in export price. Overall, production saw a abrupt slump. The most prominent rate of growth was recorded in 2020 when the production volume increased by 55%. Woolen fabric production peaked at $X in 2013; however, from 2014 to 2021, production remained at a lower figure.
Woolen Fabric Exports
Exports from Singapore
In 2021, after two years of decline, there was significant growth in shipments abroad of woven woolen fabrics, when their volume increased by 37% to X square meters. In general, exports, however, recorded a abrupt shrinkage. Over the period under review, the exports attained the maximum at X square meters in 2012; however, from 2013 to 2021, the exports stood at a somewhat lower figure.
In value terms, woolen fabric exports skyrocketed to $X in 2021. Overall, exports, however, showed a pronounced shrinkage. The exports peaked at $X in 2012; however, from 2013 to 2021, the exports failed to regain momentum.
Exports by Country
India (X square meters) was the main destination for woolen fabric exports from Singapore, accounting for a 43% share of total exports. Moreover, woolen fabric exports to India exceeded the volume sent to the second major destination, Vietnam (X square meters), threefold. China (X square meters) ranked third in terms of total exports with a 10% share.
From 2012 to 2021, the average annual rate of growth in terms of volume to India stood at +3.3%. Exports to the other major destinations recorded the following average annual rates of exports growth: Vietnam (-0.1% per year) and China (-9.6% per year).
In value terms, India ($X), Indonesia ($X) and Vietnam ($X) were the largest markets for woolen fabric exported from Singapore worldwide, together comprising 61% of total exports. China, Thailand, Hong Kong SAR, South Korea and Malaysia lagged somewhat behind, together comprising a further 32%.
South Korea, with a CAGR of +55.9%, recorded the highest growth rate of the value of exports, among the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.
Export Prices by Country
The average woolen fabric export price stood at $X per square meter in 2021, with a decrease of -12% against the previous year. Over the period under review, the export price, however, showed a modest expansion. The pace of growth was the most pronounced in 2020 an increase of 12% against the previous year. As a result, the export price attained the peak level of $X per square meter, and then reduced in the following year.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Indonesia ($X per square meter), while the average price for exports to India ($X per square meter) was amongst the lowest.
From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Indonesia (+6.3%), while the prices for the other major destinations experienced more modest paces of growth.
Woolen Fabric Imports
Imports into Singapore
In 2021, overseas purchases of woven woolen fabrics decreased by -16.1% to X square meters, falling for the second year in a row after two years of growth. Over the period under review, imports saw a abrupt decrease. The most prominent rate of growth was recorded in 2019 with an increase of 21%. Imports peaked at X square meters in 2012; however, from 2013 to 2021, imports failed to regain momentum.
In value terms, woolen fabric imports plummeted to $X in 2021. In general, imports continue to indicate a abrupt curtailment. The most prominent rate of growth was recorded in 2018 with an increase of 20%. Over the period under review, imports attained the peak figure at $X in 2012; however, from 2013 to 2021, imports failed to regain momentum.
Imports by Country
China (X square meters), Italy (X square meters) and the UK (X square meters) were the main suppliers of woolen fabric imports to Singapore, with a combined 77% share of total imports. These countries were followed by Taiwan (Chinese), South Korea, Thailand, Denmark, Belgium, India, Switzerland and Germany, which together accounted for a further 14%.
From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Taiwan (Chinese) (with a CAGR of +29.0%), while imports for the other leaders experienced more modest paces of growth.
In value terms, the largest woolen fabric suppliers to Singapore were Italy ($X), China ($X) and Taiwan (Chinese) ($X), with a combined 72% share of total imports.
In terms of the main suppliers, Taiwan (Chinese), with a CAGR of +32.1%, saw the highest rates of growth with regard to 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
In 2021, the average woolen fabric import price amounted to $X per square meter, shrinking by -9.2% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +1.1%. The pace of growth was the most pronounced in 2020 when the average import price increased by 17%. As a result, import price reached the peak level of $X per square meter, and then fell in the following year.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Taiwan (Chinese) ($X per square meter), while the price for China ($X per square meter) was amongst the lowest.
From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Germany (+2.7%), while the prices for the other major suppliers experienced more modest paces of growth.
Source: IndexBox Platform
Frequently Asked Questions (FAQ) :
This report provides an in-depth analysis of the woolen fabric 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 13201230 - Woven fabrics of carded wool or carded fine animal hair
- Prodcom 13201260 - Woven fabrics of combed wool or combed fine animal hair, w oven fabrics of coarse animal hair
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.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
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2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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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- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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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
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption In 2012-2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
- Trade Balance, In Physical Terms, 2012-2023
- Trade Balance, In Value Terms, 2012-2023
- Per Capita Consumption, 2012-2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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