Report Singapore - Woven Woolen Fabrics - Market Analysis, Forecast, Size, Trends and Insights for 499$
Report Update Nov 1, 2024

Singapore - Woven Woolen Fabrics - Market Analysis, Forecast, Size, Trends and Insights

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Singapore: 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) :

The countries with the highest volumes of woolen fabric consumption in 2020 were China, Italy and the UK, with a combined 53% share of global consumption.
The countries with the highest volumes of woolen fabric production in 2020 were China, Italy and the UK, together comprising 59% of global production.
In value terms, Italy constituted the largest supplier of woolen fabric to Singapore, comprising 60% of total imports. The second position in the ranking was occupied by China, with a 13% share of total imports. It was followed by the UK, with a 8.5% share.
In value terms, the largest markets for woolen fabric exported from Singapore were Myanmar, China and Vietnam, together accounting for 73% of total exports.
The average woolen fabric export price stood at $52 per square meter in 2020, rising by 9.2% against the previous year.
In 2020, the average woolen fabric import price amounted to $53 per square meter, growing by 16% against the previous year.

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:

  1. How to diversify your business and benefit from new market opportunities
  2. How to load your idle production capacity
  3. How to boost your sales on overseas markets
  4. How to increase your profit margins
  5. How to make your supply chain more sustainable
  6. How to reduce your production and supply chain costs
  7. How to outsource production to other countries
  8. 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. 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. 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. 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. 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. 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. 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. 7. PRODUCTION

    The Latest Trends and Insights into The Industry

    1. PRODUCTION VOLUME AND VALUE
  8. 8. IMPORTS

    The Largest Import Supplying Countries

    1. IMPORTS FROM 2012–2023
    2. IMPORTS BY COUNTRY
    3. IMPORT PRICES BY COUNTRY
  9. 9. EXPORTS

    The Largest Destinations for Exports

    1. EXPORTS FROM 2012–2023
    2. EXPORTS BY COUNTRY
    3. EXPORT PRICES BY COUNTRY
  10. 10. PROFILES OF MAJOR PRODUCERS

    The Largest Producers on The Market and Their Profiles

    This Chapter is Available Only for the Professional Edition PRO
  11. 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
  12. 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

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