Singapore: Synthetic Filament Tow Market 2024

Synthetic Filament Tow Market Size in Singapore

In 2022, the Singaporean synthetic filament tow market increased by X% to $X, rising for the second year in a row after five years of decline. In general, consumption posted a remarkable increase. As a result, consumption attained the peak level of $X. From 2016 to 2022, the growth of the market remained at a lower figure.

Synthetic Filament Tow Production in Singapore

In value terms, synthetic filament tow production shrank to $X in 2022 estimated in export price. In general, production, however, showed a prominent increase. The most prominent rate of growth was recorded in 2015 with an increase of X%. As a result, production reached the peak level of $X. From 2016 to 2022, production growth remained at a lower figure.

Synthetic Filament Tow Exports

Exports from Singapore

In 2022, overseas shipments of synthetic filament tow and staple fibers, not carded or combed were finally on the rise to reach X tons after five years of decline. Over the period under review, exports, however, recorded a abrupt contraction. The exports peaked at X tons in 2016; however, from 2017 to 2022, the exports remained at a lower figure.

In value terms, synthetic filament tow exports surged to $X in 2022. In general, exports, however, saw a perceptible reduction. Over the period under review, the exports reached the peak figure at $X in 2016; however, from 2017 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Indonesia (X tons), China (X tons) and Bangladesh (X tons) were the main destinations of synthetic filament tow exports from Singapore, with a combined X% share of total exports.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Indonesia (with a CAGR of X%), while the other leaders experienced mixed trend patterns.

In value terms, the largest markets for synthetic filament tow exported from Singapore were Indonesia ($X), China ($X) and Bangladesh ($X), together accounting for X% of total exports.

Indonesia, with a CAGR of X%, saw the highest rates of growth with regard to the value of exports, among the main countries of destination over the period under review, while shipments for the other leaders experienced mixed trend patterns.

Export Prices by Country

The average synthetic filament tow export price stood at $X per ton in 2022, rising by X% against the previous year. Overall, the export price showed a prominent expansion. The most prominent rate of growth was recorded in 2021 an increase of X%. The export price peaked in 2022 and is expected to retain growth in years to come.

There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was South Korea ($X per ton), while the average price for exports to Pakistan ($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 South Korea (X%), while the prices for the other major destinations experienced more modest paces of growth.

Synthetic Filament Tow Imports

Imports into Singapore

In 2022, supplies from abroad of synthetic filament tow and staple fibers, not carded or combed increased by X% to X tons, rising for the second year in a row after four years of decline. In general, imports, however, showed a abrupt curtailment. Imports peaked at X tons in 2016; however, from 2017 to 2022, imports failed to regain momentum.

In value terms, synthetic filament tow imports soared to $X in 2022. Overall, imports showed a relatively flat trend pattern. Over the period under review, imports attained the maximum at $X in 2014; however, from 2015 to 2022, imports failed to regain momentum.

Imports by Country

In 2022, Malaysia (X tons) constituted the largest synthetic filament tow supplier to Singapore, with a X% share of total imports. Moreover, synthetic filament tow imports from Malaysia exceeded the figures recorded by the second-largest supplier, Indonesia (X tons), fivefold. Bangladesh (X tons) ranked third in terms of total imports with an X% share.

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

In value terms, Malaysia ($X) constituted the largest supplier of synthetic filament tow and staple fibers, not carded or combed to Singapore, comprising X% of total imports. The second position in the ranking was held by the United States ($X), with a X% share of total imports. It was followed by Indonesia, with a X% share.

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

Import Prices by Country

In 2022, the average synthetic filament tow import price amounted to $X per ton, with an increase of X% against the previous year. Over the period under review, the import price saw buoyant growth. 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 in 2022 and is likely to see steady growth in the near future.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Thailand ($X per ton), while the price for South Korea ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

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