Singapore: Cotton Yarn Market 2024

Cotton Yarn Market Size in Singapore

The Singaporean cotton yarn market amounted to $X in 2022, increasing by X% against the previous year. In general, consumption posted notable growth. As a result, consumption reached the peak level of $X. From 2021 to 2022, the growth of the market remained at a lower figure.

Cotton Yarn Production in Singapore

In value terms, cotton yarn production expanded remarkably to $X in 2022 estimated in export price. Over the period under review, production continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2020 with an increase of X%. As a result, production reached the peak level of $X. From 2021 to 2022, production growth remained at a lower figure.

Cotton Yarn Exports

Exports from Singapore

In 2023, approx. X tons of cotton yarn were exported from Singapore; with an increase of X% on the previous year's figure. Overall, exports, however, continue to indicate a deep contraction. The growth pace was the most rapid in 2019 when exports increased by X% against the previous year. The exports peaked at X tons in 2016; however, from 2017 to 2023, the exports stood at a somewhat lower figure.

In value terms, cotton yarn exports totaled $X in 2023. In general, exports, however, continue to indicate a abrupt setback. The most prominent rate of growth was recorded in 2019 when exports increased by X%. Over the period under review, the exports attained the peak figure at $X in 2013; however, from 2014 to 2023, the exports failed to regain momentum.

Exports by Country

The Netherlands (X tons), Indonesia (X tons) and Malaysia (X tons) were the main destinations of cotton yarn exports from Singapore, with a combined X% share of total exports. Germany, Tunisia, Vietnam, Israel, Colombia, Bangladesh, Thailand, Cambodia and South Korea lagged somewhat behind, together comprising a further X%.

From 2012 to 2023, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Israel (with a CAGR of X%), while the other leaders experienced more modest paces of growth.

In value terms, the Netherlands ($X) remains the key foreign market for cotton yarn exports from Singapore, comprising X% of total exports. The second position in the ranking was held by Indonesia ($X), with a X% share of total exports. It was followed by Germany, with a X% share.

From 2012 to 2023, the average annual rate of growth in terms of value to the Netherlands stood at X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Indonesia (X% per year) and Germany (X% per year).

Export Prices by Country

In 2023, the average cotton yarn export price amounted to $X per ton, reducing by X% against the previous year. Over the period under review, the export price, however, posted a tangible increase. The most prominent rate of growth was recorded in 2020 an increase of X% against the previous year. As a result, the export price attained the peak level of $X per ton. From 2021 to 2023, the average export prices failed to regain momentum.

There were significant differences in the average prices for the major overseas markets. In 2023, amid the top suppliers, the country with the highest price was Cambodia ($X per ton), while the average price for exports to South Korea ($X per ton) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was recorded for supplies to Cambodia (X%), while the prices for the other major destinations experienced more modest paces of growth.

Cotton Yarn Imports

Imports into Singapore

In 2023, approx. X tons of cotton yarn were imported into Singapore; shrinking by X% against 2022 figures. Overall, imports saw a abrupt decrease. The most prominent rate of growth was recorded in 2013 with an increase of X%. Imports peaked at X tons in 2014; however, from 2015 to 2023, imports stood at a somewhat lower figure.

In value terms, cotton yarn imports declined markedly to $X in 2023. In general, imports continue to indicate a deep reduction. The pace of growth appeared the most rapid in 2014 when imports increased by X%. As a result, imports attained the peak of $X. From 2015 to 2023, the growth of imports remained at a somewhat lower figure.

Imports by Country

Indonesia (X tons), China (X tons) and India (X tons) were the main suppliers of cotton yarn imports to Singapore, together comprising X% of total imports. Japan, Malaysia, Thailand, France, Taiwan (Chinese) and Vietnam lagged somewhat behind, together accounting for a further X%.

From 2012 to 2023, the biggest increases were recorded for Vietnam (with a CAGR of X%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Indonesia ($X) constituted the largest supplier of cotton yarn to Singapore, comprising X% of total imports. The second position in the ranking was held by China ($X), with a X% share of total imports. It was followed by France, with a X% share.

From 2012 to 2023, 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 France (X% per year).

Import Prices by Country

In 2023, the average cotton yarn import price amounted to $X per ton, shrinking by X% against the previous year. Overall, the import price, however, saw a modest increase. The pace of growth appeared the most rapid in 2020 an increase of X%. The import price peaked at $X per ton in 2022, and then declined in the following year.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was France ($X per ton), while the price for Malaysia ($X per ton) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Taiwan (Chinese) (X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform