Singapore: Synthetic Yarn Market 2025

Synthetic Yarn Market Size in Singapore

The Singaporean synthetic yarn market surged to $X in 2022, rising by X% against the previous year. Over the period under review, consumption recorded a resilient expansion. Synthetic yarn consumption peaked at $X in 2020; however, from 2021 to 2022, consumption stood at a somewhat lower figure.

Synthetic Yarn Production in Singapore

In value terms, synthetic yarn production shrank notably to $X in 2022 estimated in export price. Over the period under review, production, however, faced a abrupt downturn. The pace of growth appeared the most rapid in 2013 with an increase of X%. As a result, production reached the peak level of $X. From 2014 to 2022, production growth remained at a lower figure.

Synthetic Yarn Exports

Exports from Singapore

In 2022, overseas shipments of yarn of synthetic or artificial staple fibers decreased by X% to X tons for the first time since 2019, thus ending a two-year rising trend. Over the period under review, exports, however, saw a significant increase. The pace of growth was the most pronounced in 2015 when exports increased by X% against the previous year. The exports peaked at X tons in 2021, and then fell remarkably in the following year.

In value terms, synthetic yarn exports dropped to $X in 2022. Overall, exports, however, continue to indicate resilient growth. The most prominent rate of growth was recorded in 2015 with an increase of X% against the previous year. Over the period under review, the exports attained the maximum at $X in 2021, and then declined in the following year.

Exports by Country

India (X tons) was the main destination for synthetic yarn exports from Singapore, accounting for a X% share of total exports. Moreover, synthetic yarn exports to India exceeded the volume sent to the second major destination, Bangladesh (X tons), twofold. Brazil (X tons) ranked third in terms of total exports with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to India amounted to X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Bangladesh (X% per year) and Brazil (X% per year).

In value terms, the largest markets for synthetic yarn exported from Singapore were India ($X), Morocco ($X) and Brazil ($X), with a combined X% share of total exports.

Among the main countries of destination, Brazil, with a CAGR of X%, recorded the highest rates of growth with regard to 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

The average synthetic yarn export price stood at $X per ton in 2022, with an increase of X% against the previous year. Over the period under review, the export price, however, showed a noticeable reduction. The most prominent rate of growth was recorded in 2013 when the average export price increased by X%. Over the period under review, the average export prices reached the peak figure at $X per ton in 2014; however, from 2015 to 2022, the export prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Hong Kong SAR ($X per ton), while the average price for exports to Bangladesh ($X per ton) was amongst the lowest.

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

Synthetic Yarn Imports

Imports into Singapore

In 2022, approx. X tons of yarn of synthetic or artificial staple fibers were imported into Singapore; shrinking by X% on the previous year. In general, imports, however, continue to indicate a resilient expansion. The most prominent rate of growth was recorded in 2020 with an increase of X%. As a result, imports attained the peak of X tons. From 2021 to 2022, the growth of imports remained at a lower figure.

In value terms, synthetic yarn imports declined significantly to $X in 2022. Over the period under review, imports, however, enjoyed perceptible growth. The pace of growth appeared the most rapid in 2014 with an increase of X% against the previous year. Over the period under review, imports attained the peak figure at $X in 2021, and then dropped remarkably in the following year.

Imports by Country

In 2022, Indonesia (X tons) was the main supplier of synthetic yarn to Singapore, accounting for a X% share of total imports. It was followed by China (X tons), with a X% share of total imports.

From 2012 to 2022, the average annual growth rate of volume from Indonesia totaled X%. The remaining supplying countries recorded the following average annual rates of imports growth: China (X% per year) and Malaysia (X% per year).

In value terms, Indonesia ($X) constituted the largest supplier of yarn of synthetic or artificial staple fibers to Singapore, comprising X% of total imports. The second position in the ranking was taken by China ($X), with a X% share of total imports.

From 2012 to 2022, the average annual growth rate of value from Indonesia totaled X%. The remaining supplying countries recorded the following average annual rates of imports growth: China (X% per year) and Malaysia (X% per year).

Import Prices by Country

In 2022, the average synthetic yarn import price amounted to $X per ton, growing by X% against the previous year. In general, the import price, however, showed a slight setback. The most prominent rate of growth was recorded in 2021 an increase of X% against the previous year. Over the period under review, average import prices reached the peak figure at $X per ton in 2013; however, from 2014 to 2022, import prices failed to regain momentum.

Average prices varied somewhat amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Malaysia ($X per ton), while the price for Indonesia ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Vietnam (X%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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