Spices; Mixtures Price in Singapore - 2022
Contents:
- Spices; Mixtures Price in Singapore (CIF) - 2022
- Spices; Mixtures Price in Singapore (FOB) - 2022
- Spices; Mixtures Imports in Singapore
- Spices; Mixtures Exports in Singapore
Spices; Mixtures Price in Singapore (CIF) - 2022
The average spices; mixtures import price stood at $3,789 per ton in 2022, with an increase of 3.5% against the previous year. In general, the import price, however, recorded a relatively flat trend pattern. The growth pace was the most rapid in 2016 when the average import price increased by 10% against the previous year. The import price peaked at $3,876 per ton in 2012; however, from 2013 to 2022, import prices stood at a somewhat lower figure.
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 Japan ($5,372 per ton), while the price for Myanmar ($399 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by India (+3.1%), while the prices for the other major suppliers experienced a decline.
Spices; Mixtures Price in Singapore (FOB) - 2022
In September 2022, the average spices; mixtures export price amounted to $5,359 per ton, jumping by 50% against the previous month. Over the period under review, the export price enjoyed a mild expansion. The growth pace was the most rapid in April 2022 an increase of 85% m-o-m. As a result, the export price attained the peak level of $6,619 per ton. From May 2022 to September 2022, the the average export prices failed to regain momentum.
Prices varied noticeably by the country of destination: the country with the highest price was Malaysia ($10,856 per ton), while the average price for exports to Bangladesh ($4,196 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 Hong Kong SAR (+4.8%), while the prices for the other major destinations experienced more modest paces of growth.
Spices; Mixtures Imports in Singapore
In 2022, overseas purchases of spices; mixtureses decreased by -2.4% to 5.1K tons, falling for the second year in a row after two years of growth. Over the period under review, imports recorded a relatively flat trend pattern. The growth pace was the most rapid in 2020 when imports increased by 10%. As a result, imports attained the peak of 5.7K tons. From 2021 to 2022, the growth of imports remained at a somewhat lower figure.
In value terms, spices; mixtures imports totaled $19M in 2022. The total import value increased at an average annual rate of +1.5% over the period from 2019 to 2022; the trend pattern remained consistent, with somewhat noticeable fluctuations being observed throughout the analyzed period. The most prominent rate of growth was recorded in 2020 with an increase of 9.8%. As a result, imports attained the peak of $20M. From 2021 to 2022, the growth of imports failed to regain momentum.
| Import of Spices; Mixtures in Singapore (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Malaysia | 11.4 | 12.7 | 11.6 | 11.4 | 0.0% |
| India | 2.4 | 2.6 | 2.3 | 2.3 | -1.4% |
| Germany | 1.5 | 1.3 | 1.6 | 1.8 | 6.3% |
| Japan | 1.1 | 0.9 | 1.1 | 1.1 | 0.0% |
| United Arab Emirates | N/A | N/A | N/A | 0.5 | 0% |
| Thailand | 0.5 | 0.7 | 0.6 | 0.5 | 0.0% |
| Bangladesh | 0.3 | 0.3 | 0.3 | 0.2 | -12.6% |
| Myanmar | N/A | N/A | N/A | 0.1 | 0% |
| Others | 1.3 | 1.8 | 1.8 | 1.6 | 7.2% |
| Total | 18.5 | 20.3 | 19.2 | 19.4 | 1.6% |
Top Suppliers of Spices; Mixtures to Singapore in 2022:
- Malaysia (3207.8 tons)
- India (607.9 tons)
- Germany (360.1 tons)
- United Arab Emirates (242.6 tons)
- Japan (203.6 tons)
- Myanmar (138.5 tons)
- Thailand (131.4 tons)
- Bangladesh (50.8 tons)
Spices; Mixtures Exports in Singapore
For the third year in a row, Singapore recorded decline in shipments abroad of spices; mixtureses, which decreased by -29.1% to 803 tons in 2022. In general, exports continue to indicate a abrupt shrinkage. The smallest decline of -1.2% was in 2020.
In value terms, spices; mixtures exports fell dramatically to $2.5M in 2022. Over the period under review, exports faced a sharp shrinkage. The smallest decline of -11.2% was in 2020.
| Export of Spices; Mixtures in Singapore (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Hong Kong SAR | 686 | 704 | 1,079 | 995 | 13.2% |
| Philippines | 329 | 374 | 429 | 511 | 15.8% |
| Malaysia | 411 | 320 | 373 | 431 | 1.6% |
| Maldives | 135 | 79.7 | 165 | 92.0 | -12.0% |
| Seychelles | 178 | 102 | 113 | 60.6 | -30.2% |
| Lebanon | N/A | N/A | N/A | 58.4 | 0% |
| Bangladesh | 3,600 | 3,534 | 1,263 | 56.9 | -74.9% |
| Indonesia | 300 | 203 | 207 | 23.5 | -57.2% |
| Others | 861 | 456 | 369 | 251 | -33.7% |
| Total | 6,499 | 5,772 | 3,997 | 2,479 | -27.5% |
Top Export Markets for Spices; Mixtures from Singapore in 2022:
- Hong Kong SAR (477.5 tons)
- Philippines (139.7 tons)
- Malaysia (48.2 tons)
- Lebanon (32.8 tons)
- Maldives (25.5 tons)
- Seychelles (18.8 tons)
- Bangladesh (16.8 tons)
- Indonesia (4.9 tons)
978
This report provides an in-depth analysis of the ginger market in Singapore.
120
This report provides an in-depth analysis of the market for spices except pepper or ginger in Singapore.
526
This report provides an in-depth analysis of the market for dog and cat food in Singapore.
736
This report provides an in-depth analysis of the apricot market in Singapore.
1874
This report provides an in-depth analysis of the virgin olive oil market in Singapore.
690
This report provides an in-depth analysis of the paint and varnish market in Singapore.
262
This report provides an in-depth analysis of the olive oil market in Singapore.
587
This report provides an in-depth analysis of the encased lead pencil market in Singapore.
294
This report provides an in-depth analysis of the assembled clock movements market in Singapore.
380
This report provides an in-depth analysis of the diphosphorus pentaoxide market in Singapore.
924
The global ginger market is forecast to reach USD 10.3 billion by 2030, growing at a CAGR of 4.7% during the forecast period (2022-2030).
1027
In the wake of the pandemic, the ginger market has accelerated its growth as demand for foods with a reputation for immunity system health has soared to unprecedented heights. India, which almost tripled its export of ginger in 2020, may become a serious competitor to the main global supplier - China. The majority of the developed countries have increased the volume of imports, which, in the context of Covid restrictions and a shortage of container traffic, has led to an increase in prices for the product.
786
The global ginger market revenue amounted to $5.3B in 2018, jumping by 2.8% against the previous year. This figure...
7509
Global ginger consumption amounted to X thousand tons in 2015, picking up by +X% against the previous year level.
8592
Global ginger imports amounted to X thousand tons in 2015, picking up by +X% against the previous year level.
1382
The global ginger market recorded a positive trend over the period under review, growing from X thousand tons in 2007 to X thousand tons in 2015 with a CAGR +X>
7889
The value of total imports on the global ginger market in 2015 stood at X million USD. There was an annual increase of +X% for the period from 2007 to 2015. In physical terms, imports of ginger was X thousand tons i
11871
In 2015, the leading ginger consuming markets were India (X%), Indonesia (X%), Nepal (X%), Nigeria (X%), and China (X%), together accounting for approximately X% of global consumption. These countries were also amongst the leading producers on the g
1624
From 2007 to 2015, global exports on the ginger market grew by +X% per year, amounting to X million USD in 2015. In physical terms, exports were X thousand tons in 2015, X thousand tons more than the year before.
3390
The global ginger production was estimated at X thousand tons in 2015, which was X thousand tons (or X%) more than in 2014.
