Price for Wine; Still, in Containers Holding 2 Litres or Less in Singapore - 2022
Contents:
- Price for Wine; Still, in Containers Holding 2 Litres or Less in Singapore (CIF) - 2022
- Price for Wine; Still, in Containers Holding 2 Litres or Less in Singapore (FOB) - 2022
- Imports of Wine; Still, in Containers Holding 2 Litres or Less in Singapore
- Exports of Wine; Still, in Containers Holding 2 Litres or Less in Singapore
Price for Wine; Still, in Containers Holding 2 Litres or Less in Singapore (CIF) - 2022
The average import price for wine; still, in containers holding 2 litres or lesses stood at $29.7 per litre in September 2022, surging by 7% against the previous month. Over the last twelve-month period, it increased at an average monthly rate of +1.9%. The most prominent rate of growth was recorded in January 2022 when the average import price increased by 43% against the previous month. As a result, import price reached the peak level of $32.1 per litre. From February 2022 to September 2022, the average import prices failed to regain momentum.
Prices varied noticeably by the country of origin: the country with the highest price was France ($55.6 per litre), while the price for Argentina ($6.1 per litre) was amongst the lowest.
From September 2021 to September 2022, the most notable rate of growth in terms of prices was attained by Spain (+6.1%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Wine; Still, in Containers Holding 2 Litres or Less in Singapore (FOB) - 2022
In September 2022, the average export price for wine; still, in containers holding 2 litres or lesses amounted to $33.7 per litre, growing by 53% against the previous month. In general, the export price, however, saw a relatively flat trend pattern. Over the period under review, the average export prices reached the maximum at $43.3 per litre in January 2022; however, from February 2022 to September 2022, the export prices failed to regain momentum.
There were significant differences in the average prices for the major foreign markets. In September 2022, the country with the highest price was China ($54.4 per litre), while the average price for exports to Vietnam ($13.3 per litre) 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 China (+19.5%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Wine; Still, in Containers Holding 2 Litres or Less in Singapore
In 2022, the amount of wine; still, in containers holding 2 litres or lesses imported into Singapore amounted to 21M litres, picking up by 4.3% against the year before. The total import volume increased at an average annual rate of +2.9% over the period from 2019 to 2022; the trend pattern remained relatively stable, with only minor fluctuations being observed throughout the analyzed period. The most prominent rate of growth was recorded in 2021 with an increase of 19% against the previous year. Over the period under review, imports of attained the peak figure in 2022 and are likely to continue growth in the immediate term.
In value terms, imports of wine; still, in containers holding 2 litres or lesses fell to $439M in 2022. In general, total imports indicated a prominent increase from 2019 to 2022: its value increased at an average annual rate of +17.1% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +60.6% against 2020 indices. The most prominent rate of growth was recorded in 2021 when imports increased by 62%. As a result, imports reached the peak of $443M, leveling off in the following year.
| Import of Wine; Still, in Containers Holding 2 Litres or Less in Singapore (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| France | 112 | 113 | 185 | 217 | 24.7% |
| Australia | 73.6 | 72.7 | 140 | 99.2 | 10.5% |
| Italy | 17.9 | 19.6 | 26.8 | 27.8 | 15.8% |
| United States | 18.9 | 17.2 | 18.9 | 21.5 | 4.4% |
| New Zealand | 13.1 | 10.5 | 14.4 | 12.3 | -2.1% |
| Spain | 6.2 | 6.5 | 9.0 | 8.6 | 11.5% |
| Chile | 8.5 | 6.6 | 6.6 | 8.2 | -1.2% |
| Argentina | 3.4 | 2.6 | 5.0 | 6.3 | 22.8% |
| Others | 20.0 | 25.1 | 37.9 | 38.2 | 24.1% |
| Total | 274 | 273 | 443 | 439 | 17.0% |
Top Suppliers of Wine; Still, in Containers Holding 2 Litres or Less to Singapore in 2022:
- Australia (7.4M litres)
- France (5.0M litres)
- Italy (1.9M litres)
- Chile (1.9M litres)
- New Zealand (1.1M litres)
- United States (0.8M litres)
- Argentina (0.8M litres)
- Spain (0.7M litres)
Exports of Wine; Still, in Containers Holding 2 Litres or Less in Singapore
In 2022, the amount of wine; still, in containers holding 2 litres or lesses exported from Singapore skyrocketed to 8.7M litres, picking up by 30% against the previous year's figure. Overall, total exports indicated a prominent increase from 2019 to 2022: its volume increased at an average annual rate of +11.9% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +73.6% against 2020 indices. The pace of growth appeared the most rapid in 2021 when exports increased by 33%. The exports peaked in 2022 and are expected to retain growth in the immediate term.
In value terms, exports of wine; still, in containers holding 2 litres or lesses shrank to $158M in 2022. In general, total exports indicated a resilient increase from 2019 to 2022: its value increased at an average annual rate of +12.5% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +67.3% against 2020 indices. The pace of growth was the most pronounced in 2021 with an increase of 83%. As a result, the exports attained the peak of $173M, and then shrank in the following year.
| Export of Wine; Still, in Containers Holding 2 Litres or Less in Singapore (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Hong Kong SAR | 39.9 | 39.2 | 108 | 55.4 | 11.6% |
| Malaysia | 11.6 | 7.3 | 9.9 | 18.1 | 16.0% |
| Thailand | 12.8 | 14.6 | 8.2 | 13.1 | 0.8% |
| Macao SAR | 0.3 | 0.3 | 5.8 | 12.8 | 249.4% |
| Indonesia | 8.2 | 6.7 | 9.5 | 11.5 | 11.9% |
| China | 8.1 | 6.3 | 5.1 | 10.2 | 8.0% |
| Australia | 1.1 | 2.8 | 5.9 | 9.0 | 101.5% |
| Vietnam | 5.8 | 3.8 | 5.7 | 7.9 | 10.8% |
| South Korea | 1.6 | 1.2 | 1.5 | 3.4 | 28.6% |
| Japan | 6.6 | 3.8 | 2.1 | 3.2 | -21.4% |
| United Arab Emirates | N/A | N/A | N/A | 0.5 | 0% |
| Myanmar | 1.2 | 0.7 | 0.2 | 0.4 | -30.7% |
| Others | 13.8 | 7.9 | 10.9 | 12.7 | -2.7% |
| Total | 111 | 94.5 | 173 | 158 | 12.5% |
Top Export Markets for Wine; Still, in Containers Holding 2 Litres or Less from Singapore in 2022:
- Hong Kong SAR (2728.1K litres)
- China (1175.5K litres)
- Malaysia (1087.0K litres)
- Indonesia (816.1K litres)
- Thailand (419.5K litres)
- United Arab Emirates (373.6K litres)
- Macao SAR (353.9K litres)
- Vietnam (340.9K litres)
- Australia (295.0K litres)
- Japan (188.3K litres)
- South Korea (182.8K litres)
- Myanmar (154.7K litres)
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