Singapore - Food Preparations For Infants - Market Analysis, Forecast, Size, Trends And Insights
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View PricingBaby Food Price in Singapore - 2022
Contents:
- Baby Food Price in Singapore (FOB) - 2022
- Baby Food Price in Singapore (CIF) - 2022
- Baby Food Exports in Singapore
- Baby Food Imports in Singapore
Baby Food Price in Singapore (FOB) - 2022
The average baby food export price stood at $11,634 per ton in September 2022, flattening at the previous month. Over the period under review, export price indicated a measured increase from September 2021 to September 2022: its price increased at an average monthly rate of +3.9% over the last twelve months. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on September 2022 figures, baby food export price increased by +4.6% against July 2022 indices. The pace of growth appeared the most rapid in January 2022 an increase of 57% month-to-month. Over the period under review, the average export prices attained the maximum at $12,510 per ton in May 2022; however, from June 2022 to September 2022, the export prices failed to regain momentum.
There were significant differences in the average prices for the major external markets. In September 2022, the country with the highest price was Vietnam ($15,757 per ton), while the average price for exports to Thailand ($9,583 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 (+4.7%), while the prices for the other major destinations experienced more modest paces of growth.
Baby Food Price in Singapore (CIF) - 2022
The average baby food import price stood at $12,692 per ton in 2022, almost unchanged from the previous year. In general, the import price continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2013 an increase of 28%. The import price peaked at $18,606 per ton in 2014; however, from 2015 to 2022, import prices remained at a 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 the Netherlands ($20,742 per ton), while the price for Malaysia ($4,289 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Indonesia (+9.0%), while the prices for the other major suppliers experienced more modest paces of growth.
Baby Food Exports in Singapore
After three years of growth, shipments abroad of food preparations for infants decreased by -25.6% to 24K tons in 2022. In general, exports, however, recorded a relatively flat trend pattern. The growth pace was the most rapid in 2020 when exports increased by 33% against the previous year.
In value terms, baby food exports reduced markedly to $194M in 2022. Over the period under review, exports continue to indicate a pronounced curtailment. The most prominent rate of growth was recorded in 2020 when exports increased by 29% against the previous year. As a result, the exports reached the peak of $291M. From 2021 to 2022, the growth of the exports remained at a somewhat lower figure.
| Export of Baby Food in Singapore (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Thailand | 41.0 | 46.4 | 31.4 | 39.9 | -0.9% |
| Indonesia | 10.4 | 29.4 | 35.8 | 38.5 | 54.7% |
| Vietnam | 44.9 | 44.5 | 49.4 | 20.1 | -23.5% |
| Taiwan (Chinese) | 9.4 | 17.0 | 13.3 | 15.5 | 18.1% |
| Malaysia | 13.5 | 15.2 | 11.3 | 14.0 | 1.2% |
| India | 9.8 | 9.4 | 6.5 | 11.5 | 5.5% |
| Philippines | 22.4 | 41.6 | 28.8 | 9.5 | -24.9% |
| Nigeria | 2.6 | 3.8 | 6.3 | 7.2 | 40.4% |
| Cambodia | 5.4 | 4.6 | 6.5 | 6.7 | 7.5% |
| Israel | N/A | 4.2 | 3.7 | 4.4 | 2.4% |
| Jordan | 1.2 | 5.6 | 5.6 | 4.4 | 54.2% |
| Papua New Guinea | 1.3 | 1.8 | 1.7 | 2.8 | 29.1% |
| New Zealand | 1.3 | 2.5 | 1.9 | 2.6 | 26.0% |
| Others | 61.8 | 64.9 | 37.9 | 16.8 | -35.2% |
| Total | 225 | 291 | 240 | 194 | -4.8% |
Top Export Markets for Baby Food from Singapore in 2022:
- Indonesia (5.4K tons)
- Thailand (5.2K tons)
- Malaysia (2.1K tons)
- Taiwan (Chinese) (2.0K tons)
- Vietnam (1.7K tons)
- Philippines (1.2K tons)
- India (1.2K tons)
- Nigeria (0.9K tons)
- Israel (0.6K tons)
- Jordan (0.5K tons)
- Papua New Guinea (0.4K tons)
- Cambodia (0.4K tons)
- New Zealand (0.4K tons)
Baby Food Imports in Singapore
In 2022, the amount of food preparations for infants imported into Singapore shrank slightly to 1.2K tons, reducing by -2.8% against 2021. Overall, imports recorded a abrupt contraction. The pace of growth appeared the most rapid in 2021 when imports increased by 17% against the previous year.
In value terms, baby food imports dropped to $15M in 2022. Over the period under review, imports continue to indicate a abrupt descent. The pace of growth was the most pronounced in 2021 with an increase of 24% against the previous year.
| Import of Baby Food in Singapore (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Netherlands | 12.0 | 5.3 | 5.6 | 4.2 | -29.5% |
| Australia | 1.0 | 1.4 | 2.9 | 3.1 | 45.8% |
| Ireland | 1.8 | 0.8 | 1.3 | 1.1 | -15.1% |
| Switzerland | 1.4 | 1.7 | 1.0 | 1.1 | -7.7% |
| Thailand | N/A | N/A | N/A | 1.0 | 0% |
| Germany | 0.4 | 0.4 | 0.7 | 0.8 | 26.0% |
| Indonesia | N/A | 0.4 | 0.6 | 0.7 | 32.3% |
| New Zealand | 0.9 | 0.4 | 0.7 | 0.6 | -12.6% |
| Portugal | 0.6 | 0.3 | 0.8 | 0.5 | -5.9% |
| United States | 0.6 | 0.6 | 0.4 | 0.5 | -5.9% |
| Malaysia | 0.5 | 0.3 | 0.4 | 0.3 | -15.7% |
| Philippines | 0.2 | 0.2 | 0.2 | 0.2 | 0.0% |
| Others | 0.8 | 0.6 | 0.9 | 0.8 | 0.0% |
| Total | 20.2 | 12.4 | 15.4 | 14.9 | -9.6% |
Top Suppliers of Baby Food to Singapore in 2022:
- Netherlands (204.1 tons)
- Australia (160.3 tons)
- Ireland (127.3 tons)
- Thailand (119.3 tons)
- Indonesia (112.4 tons)
- Malaysia (80.5 tons)
- Switzerland (79.9 tons)
- Germany (71.5 tons)
- New Zealand (55.9 tons)
- Philippines (33.8 tons)
- United States (31.9 tons)
- Portugal (22.1 tons)
This report provides an in-depth analysis of the baby food 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:
- Prodcom 10861070 - Food preparations for infants, p.r.s. (excluding homogenised composite food preparations)
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
- 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 VOLUME AND VALUE
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
- 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
- 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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