Price for Silk; Woven Fabrics of Noil Silk in Singapore - 2023

Contents:

1. Price for Silk; Woven Fabrics of Noil Silk in Singapore (CIF) - 2022
2. Price for Silk; Woven Fabrics of Noil Silk in Singapore (FOB) - 2022
3. Imports of Silk; Woven Fabrics of Noil Silk in Singapore
4. Exports of Silk; Woven Fabrics of Noil Silk in Singapore

Price for Silk; Woven Fabrics of Noil Silk in Singapore (CIF) - 2022

The average import price for silk; woven fabrics of noil silks stood at $111,790 per ton in 2022, increasing by 7.5% against the previous year. In general, import price indicated a slight expansion from 2012 to 2022: its price increased at an average annual rate of +1.2% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, import price for silk; woven fabrics of noil silks increased by +52.0% against 2020 indices. The most prominent rate of growth was recorded in 2018 an increase of 43%. The import price peaked at $123,062 per ton in 2019; however, from 2020 to 2022, import prices remained at a lower figure.

Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the countries with the highest prices were Italy ($114,111 per ton) and Taiwan (Chinese) ($112,377 per ton), while the price for Sri Lanka ($105,949 per ton) and India ($112,058 per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Sri Lanka (+6.0%), while the prices for the other major suppliers experienced more modest paces of growth.

Price for Silk; Woven Fabrics of Noil Silk in Singapore (FOB) - 2022

The average export price for silk; woven fabrics of noil silks stood at $95,895 per ton in 2022, jumping by 32% against the previous year. Overall, the export price, however, recorded a noticeable slump. The most prominent rate of growth was recorded in 2018 an increase of 74% against the previous year. As a result, the export price attained the peak level of $178,102 per ton. From 2019 to 2022, the average export prices remained at a lower figure.

There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Indonesia ($95,955 per ton), while the average price for exports to Sri Lanka ($4,000 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 Brunei Darussalam (-1.5%), while the prices for the other major destinations experienced a decline.

Imports of Silk; Woven Fabrics of Noil Silk in Singapore

In 2022, imports of silk; woven fabrics of noil silks into Singapore skyrocketed to 14 tons, picking up by 23% against 2021 figures. Overall, imports continue to indicate a resilient expansion. The growth pace was the most rapid in 2020 when imports increased by 114% against the previous year. As a result, imports attained the peak of 19 tons. From 2021 to 2022, the growth of imports of failed to regain momentum.

In value terms, imports of silk; woven fabrics of noil silks soared to $1.5M in 2022. The total import value increased at an average annual rate of +12.5% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Top Suppliers of Silk; Woven Fabrics of Noil Silk to Singapore in 2022:

1. Malaysia (4.2 tons)
2. United Kingdom (3.7 tons)
3. South Korea (1.3 tons)
4. China (0.9 tons)
5. Thailand (0.9 tons)
6. Sri Lanka (0.8 tons)
7. Indonesia (0.7 tons)
8. Taiwan (Chinese) (0.2 tons)

Exports of Silk; Woven Fabrics of Noil Silk in Singapore

Exports of silk; woven fabrics of noil silks from Singapore surged to 7.1 tons in 2022, rising by 27% on 2021 figures. Overall, exports posted a prominent increase. The most prominent rate of growth was recorded in 2020 with an increase of 117% against the previous year. As a result, the exports attained the peak of 9 tons. From 2021 to 2022, the growth of the exports of remained at a somewhat lower figure.

In value terms, exports of silk; woven fabrics of noil silks soared to $684K in 2022. Over the period under review, exports continue to indicate noticeable growth.

Top Export Markets for Silk; Woven Fabrics of Noil Silk from Singapore in 2022:

1. Japan (3.4 tons)
2. Indonesia (1.8 tons)
3. Vietnam (1.3 tons)
4. Papua New Guinea (0.7 tons)

Source: IndexBox Market Intelligence Platform