Singapore - Strawberries - Market Analysis, Forecast, Size, Trends and Insights
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View PricingStrawberry Price in Singapore - 2022
Contents:
- Strawberry Price in Singapore (CIF) - 2022
- Strawberry Price in Singapore (FOB) - 2022
- Strawberry Imports in Singapore
- Strawberry Exports in Singapore
Strawberry Price in Singapore (CIF) - 2022
The average strawberry import price stood at $11,265 per ton in September 2022, which is down by -17.4% against the previous month. Over the period under review, import price indicated a measured expansion from September 2021 to September 2022: its price increased at an average monthly rate of +4.4% 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, strawberry import price decreased by -32.2% against April 2022 indices. The most prominent rate of growth was recorded in November 2021 when the average import price increased by 33% m-o-m. The import price peaked at $16,690 per ton in January 2022; however, from February 2022 to September 2022, import prices failed to regain momentum.
There were significant differences in the average prices amongst the major supplying countries. In September 2022, the country with the highest price was the United States ($17,547 per ton), while the price for Australia ($9,854 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 Egypt (+5.4%), while the prices for the other major suppliers experienced more modest paces of growth.
Strawberry Price in Singapore (FOB) - 2022
The average strawberry export price stood at $11,831 per ton in September 2022, reducing by -16.4% against the previous month. Overall, the export price, however, continues to indicate pronounced growth. The pace of growth appeared the most rapid in July 2022 an increase of 705% against the previous month. Over the period under review, the average export prices attained the peak figure at $19,576 per ton in February 2022; however, from March 2022 to September 2022, the export prices failed to regain momentum.
Average prices varied somewhat for the major foreign markets. In September 2022, the country with the highest price was Brunei Darussalam ($16,056 per ton), while the average price for exports to Malaysia ($11,637 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 Indonesia (+3.5%), while the prices for the other major destinations experienced more modest paces of growth.
Strawberry Imports in Singapore
After two years of decline, supplies from abroad of strawberries increased by 3.1% to 3.7K tons in 2022. Overall, imports, however, showed a noticeable setback.
In value terms, strawberry imports expanded to $39M in 2022. The total import value increased at an average annual rate of +7.1% over the period from 2019 to 2022; the trend pattern remained consistent, with somewhat noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2021 when imports increased by 13% against the previous year. Imports peaked in 2022 and are expected to retain growth in the immediate term.
| Import of Strawberry in Singapore (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 7.9 | 9.8 | 12.9 | 12.5 | 16.5% |
| South Korea | 13.6 | 14.0 | 15.0 | 12.4 | -3.0% |
| Australia | 5.3 | 4.7 | 3.6 | 5.0 | -1.9% |
| Japan | 2.6 | 2.6 | 3.1 | 3.1 | 6.0% |
| Egypt | 0.5 | 0.4 | 0.6 | 2.6 | 73.2% |
| Netherlands | N/A | N/A | 0.5 | 0.8 | 60.0% |
| Turkey | N/A | N/A | 0.1 | 0.5 | 400.0% |
| New Zealand | 0.9 | 1.1 | 0.8 | 0.1 | -51.9% |
| Others | 1.2 | 0.9 | 1.5 | 2.4 | 26.0% |
| Total | 32.1 | 33.6 | 38.1 | 39.5 | 7.2% |
Top Suppliers of Strawberry to Singapore in 2022:
- United States (1090.4 tons)
- South Korea (794.0 tons)
- Australia (654.3 tons)
- Egypt (646.0 tons)
- Japan (103.9 tons)
- Netherlands (80.0 tons)
- Turkey (75.2 tons)
- New Zealand (11.8 tons)
Strawberry Exports in Singapore
Strawberry exports from Singapore skyrocketed to 297 tons in 2022, surging by 43% compared with the previous year's figure. In general, exports recorded a resilient expansion. As a result, the exports reached the peak and are likely to continue growth in the immediate term.
In value terms, strawberry exports expanded significantly to $1.8M in 2022. The total export value increased at an average annual rate of +6.9% over the period from 2019 to 2022; however, the trend pattern remained relatively stable, with only minor fluctuations throughout the analyzed period. The pace of growth was the most pronounced in 2021 with an increase of 15%. The exports peaked in 2022 and are expected to retain growth in years to come.
| Export of Strawberry in Singapore (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Malaysia | 1,165 | 1,074 | 1,247 | 1,312 | 4.0% |
| Indonesia | 41.0 | 95.6 | 152 | 260 | 85.1% |
| Brunei Darussalam | 213 | 232 | 235 | 207 | -0.9% |
| Others | 52.4 | 30.6 | 14.8 | 18.1 | -29.8% |
| Total | 1,471 | 1,432 | 1,649 | 1,796 | 6.9% |
Top Export Markets for Strawberry from Singapore in 2022:
- Malaysia (261.8 tons)
- Indonesia (22.2 tons)
- Brunei Darussalam (10.8 tons)
This report provides an in-depth analysis of the strawberry market 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 544 - Strawberries
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
-
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, HARVESTED AREA 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
- Area Harvested, 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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