Singapore - Fresh Or Chilled Fish Fillets - Market Analysis, Forecast, Size, Trends And Insights
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View PricingFresh Fish Fillet Price in Singapore - 2022
Contents:
- Fresh Fish Fillet Price in Singapore (CIF) - 2022
- Fresh Fish Fillet Price in Singapore (FOB) - 2022
- Fresh Fish Fillet Imports in Singapore
- Fresh Fish Fillet Exports in Singapore
Fresh Fish Fillet Price in Singapore (CIF) - 2022
The average fresh fish fillet import price stood at $11,937 per ton in September 2022, approximately equating the previous month. Overall, import price indicated a noticeable increase from September 2021 to September 2022: its price increased at an average monthly rate of +3.4% 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, fresh fish fillet import price decreased by -22.1% against April 2022 indices. The pace of growth was the most pronounced in January 2022 an increase of 27% m-o-m. Over the period under review, average import prices reached the maximum at $15,318 per ton in April 2022; however, from May 2022 to September 2022, import prices stood at a somewhat lower figure.
Prices varied noticeably by the country of origin: the country with the highest price was Japan ($81,789 per ton), while the price for Thailand ($2,650 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 Vietnam (+12.4%), while the prices for the other major suppliers experienced more modest paces of growth.
Fresh Fish Fillet Price in Singapore (FOB) - 2022
In 2022, the average fresh fish fillet export price amounted to $4,264 per ton, shrinking by -11.1% against the previous year. Overall, the export price showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2014 when the average export price increased by 90%. Over the period under review, the average export prices hit record highs at $13,830 per ton in 2019; however, from 2020 to 2022, the export prices stood at a somewhat lower figure.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the United States ($10,604 per ton), while the average price for exports to Vietnam ($2,662 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to India (+26.6%), while the prices for the other major destinations experienced more modest paces of growth.
Fresh Fish Fillet Imports in Singapore
In 2022, supplies from abroad of fresh or chilled fish fillets decreased by -32.3% to 2.6K tons, falling for the second year in a row after two years of growth. Overall, imports showed a deep setback. The growth pace was the most rapid in 2020 when imports increased by 69%. As a result, imports reached the peak of 5.7K tons. From 2021 to 2022, the growth of imports remained at a lower figure.
In value terms, fresh fish fillet imports dropped notably to $23M in 2022. In general, imports saw a noticeable setback. The growth pace was the most rapid in 2020 when imports increased by 18% against the previous year.
| Import of Fresh Fish Fillet in Singapore (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Norway | 9.6 | 9.0 | 11.6 | 8.3 | -4.7% |
| Malaysia | 2.2 | 3.9 | 5.2 | 3.7 | 18.9% |
| Japan | 3.2 | 3.1 | 4.5 | 3.2 | 0.0% |
| Vietnam | 1.8 | 5.5 | 2.1 | 2.2 | 6.9% |
| Thailand | 4.2 | 2.4 | 1.5 | 1.9 | -23.2% |
| Indonesia | 1.5 | 1.1 | 1.9 | 1.3 | -4.7% |
| Others | 2.2 | 4.0 | 3.1 | 2.4 | 2.9% |
| Total | 24.6 | 29.0 | 30.0 | 23.0 | -2.2% |
Top Suppliers of Fresh Fish Fillet to Singapore in 2022:
- Thailand (828.0 tons)
- Vietnam (612.5 tons)
- Malaysia (418.6 tons)
- Norway (417.1 tons)
- Indonesia (150.7 tons)
- Japan (44.2 tons)
Fresh Fish Fillet Exports in Singapore
Fresh fish fillet exports from Singapore surged to 426 tons in 2022, rising by 20% on the year before. In general, exports enjoyed significant growth. The growth pace was the most rapid in 2020 with an increase of 75%. Over the period under review, the exports attained the peak figure in 2022 and are expected to retain growth in years to come.
In value terms, fresh fish fillet exports reached $1.8M in 2022. Overall, exports, however, showed a abrupt decrease.
| Export of Fresh Fish Fillet in Singapore (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Vietnam | 1.4 | 1,448 | 779 | 823 | 737.7% |
| United States | 1,756 | 253 | 651 | 688 | -26.8% |
| Malaysia | 142 | 69.7 | 84.2 | 89.0 | -14.4% |
| Hong Kong SAR | 132 | 139 | 65.4 | 80.7 | -15.1% |
| Indonesia | 20.8 | 15.3 | 71.0 | 75.1 | 53.4% |
| Oman | 110 | N/A | N/A | N/A | 0% |
| Australia | 383 | N/A | N/A | N/A | 0% |
| Others | 110 | 87.2 | 50.6 | 61.5 | -17.6% |
| Total | 2,655 | 2,011 | 1,701 | 1,818 | -11.9% |
Top Export Markets for Fresh Fish Fillet from Singapore in 2022:
- Vietnam (309.3 tons)
- United States (64.9 tons)
- Indonesia (22.5 tons)
- Malaysia (20.6 tons)
- Hong Kong SAR (4.2 tons)
This report provides an in-depth analysis of the fresh fish fillet 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 10201100 - Fresh or chilled fish fillets and other fish meat without bones
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
- 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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