Singapore - Evaporated And Condensed Milk - Market Analysis, Forecast, Size, Trends and Insights
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View PricingPrice for Evaporated and Condensed Milk in Singapore - 2022
Contents:
- Price for Evaporated and Condensed Milk in Singapore (CIF) - 2022
- Price for Evaporated and Condensed Milk in Singapore (FOB) - 2022
- Imports of Evaporated and Condensed Milk in Singapore
- Exports of Evaporated and Condensed Milk in Singapore
Price for Evaporated and Condensed Milk in Singapore (CIF) - 2022
The average evaporated and condensed milk import price stood at $2,485 per ton in September 2022, increasing by 6.4% against the previous month. Over the period under review, import price indicated a perceptible increase from September 2021 to September 2022: its price increased at an average monthly rate of +3.0% over the last twelve-month period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on September 2022 figures, evaporated and condensed milk import price increased by +6.4% against August 2022 indices. The pace of growth was the most pronounced in January 2022 when the average import price increased by 58% month-to-month. Over the period under review, average import prices hit record highs at $2,634 per ton in May 2022; however, from June 2022 to September 2022, import prices failed to regain momentum.
Prices varied noticeably by the country of origin: the country with the highest price was New Zealand ($5,941 per ton), while the price for Thailand ($1,989 per ton) was amongst the lowest.
From September 2021 to September 2022, the most notable rate of growth in terms of prices was attained by Australia (+7.8%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Evaporated and Condensed Milk in Singapore (FOB) - 2022
The average evaporated and condensed milk export price stood at $3,354 per ton in September 2022, with a decrease of -10.3% against the previous month. In general, the export price, however, recorded a notable expansion. The pace of growth appeared the most rapid in January 2022 when the average export price increased by 125% against the previous month. The export price peaked at $5,103 per ton in June 2022; however, from July 2022 to September 2022, the export prices failed to regain momentum.
There were significant differences in the average prices for the major export markets. In September 2022, the country with the highest price was Brunei Darussalam ($4,291 per ton), while the average price for exports to Taiwan (Chinese) ($2,726 per ton) was amongst the lowest.
From September 2021 to September 2022, the most notable rate of growth in terms of prices was recorded for supplies to Sri Lanka (+17.8%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Evaporated and Condensed Milk in Singapore
For the third consecutive year, Singapore recorded decline in supplies from abroad of evaporated and condensed milk, which decreased by -4.4% to 5.5K tons in 2022. Over the period under review, imports recorded a deep reduction.
In value terms, evaporated and condensed milk imports soared to $9.6M in 2022. In general, imports saw a pronounced curtailment.
| Import of Evaporated and Condensed Milk in Singapore (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Thailand | 5.1 | 3.5 | 3.5 | 4.2 | -6.3% |
| Malaysia | 1.6 | 1.6 | 1.6 | 1.7 | 2.0% |
| Germany | 0.6 | 0.6 | 0.8 | 0.9 | 14.5% |
| New Zealand | 0.6 | 0.3 | 0.3 | 0.5 | -5.9% |
| Australia | 0.4 | 0.3 | 0.2 | 0.4 | 0.0% |
| Netherlands | 0.2 | 0.2 | 0.1 | 0.3 | 14.5% |
| Saudi Arabia | 0.4 | 0.8 | 0.1 | N/A | -50.0% |
| Others | 1.2 | 1.3 | 1.6 | 1.6 | 10.1% |
| Total | 10.2 | 8.5 | 8.3 | 9.6 | -2.0% |
Top Suppliers of Evaporated and Condensed Milk to Singapore in 2022:
- Thailand (3073.0 tons)
- Malaysia (1264.0 tons)
- Germany (338.9 tons)
- Australia (238.4 tons)
- New Zealand (154.0 tons)
- Netherlands (115.8 tons)
- Saudi Arabia (0.1 tons)
Exports of Evaporated and Condensed Milk in Singapore
In 2022, the amount of evaporated and condensed milk exported from Singapore dropped sharply to 860 tons, declining by -55.2% compared with the previous year. Over the period under review, exports continue to indicate a precipitous curtailment. The growth pace was the most rapid in 2021 with an increase of 6.4% against the previous year.
In value terms, evaporated and condensed milk exports fell sharply to $2.1M in 2022. Overall, exports saw a precipitous contraction. The pace of growth appeared the most rapid in 2021 when exports increased by 14%.
| Export of Evaporated and Condensed Milk in Singapore (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Myanmar | 1.6 | N/A | N/A | 383 | 520.9% |
| Kuwait | 1,086 | 328 | 611 | 311 | -34.1% |
| Brunei Darussalam | 168 | 206 | 177 | 255 | 14.9% |
| Hong Kong SAR | 325 | 291 | 284 | 255 | -7.8% |
| Sri Lanka | 518 | 233 | 792 | 235 | -23.2% |
| United States | N/A | 296 | 132 | 161 | -26.2% |
| Maldives | 100 | 149 | 96.2 | 106 | 2.0% |
| Thailand | 211 | 123 | 185 | 95.1 | -23.3% |
| Philippines | 26.8 | 63.0 | 64.5 | 75.2 | 41.0% |
| Taiwan (Chinese) | 45.9 | 52.5 | 65.7 | 47.7 | 1.3% |
| Indonesia | 161 | 142 | 213 | 39.4 | -37.5% |
| Marshall Islands | N/A | N/A | N/A | 28.1 | 0% |
| Palau | 8.2 | 34.9 | 17.1 | 26.1 | 47.1% |
| Others | 1,642 | 1,304 | 1,033 | 118 | -58.4% |
| Total | 4,294 | 3,222 | 3,670 | 2,136 | -20.8% |
Top Export Markets for Evaporated and Condensed Milk from Singapore in 2022:
- Kuwait (144.4 tons)
- Hong Kong SAR (109.5 tons)
- Myanmar (98.4 tons)
- Sri Lanka (96.4 tons)
- Brunei Darussalam (80.4 tons)
- Maldives (68.6 tons)
- United States (67.5 tons)
- Philippines (36.3 tons)
- Indonesia (33.8 tons)
- Taiwan (Chinese) (26.5 tons)
- Thailand (26.2 tons)
- Marshall Islands (14.7 tons)
- Palau (14.2 tons)
This report provides an in-depth analysis of the market for evaporated and condensed milk 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:
- FCL 889 - Whole Milk, Condensed
- FCL 894 - Whole Milk, Evaporated
- FCL 895 - Skim Milk, Evaporated
- FCL 896 - Skim Milk, Condensed
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:
- How to diversify your business and benefit from new market opportunities
- How to load your idle production capacity
- How to boost your sales on overseas markets
- How to increase your profit margins
- How to make your supply chain more sustainable
- How to reduce your production and supply chain costs
- How to outsource production to other countries
- 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.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
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2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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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- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- COUNTRIES WITH TOP YIELDS
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION, PRODUCING ANIMALS AND YIELD
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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10. PROFILES OF MAJOR PRODUCERS
The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO -
LIST OF TABLES
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption In 2012-2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
- Trade Balance, In Physical Terms, 2012-2023
- Trade Balance, In Value Terms, 2012-2023
- Per Capita Consumption, 2012-2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Yield And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Producing Animals Slaughtered, 2012–2023
- Yield, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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