Singapore - Frozen Crustaceans - Market Analysis, Forecast, Size, Trends And Insights
Get instant access to more than 2 million reports, dashboards, and datasets on the IndexBox Platform.
View PricingFrozen Crustaceans Price in Singapore - 2022
Contents:
- Frozen Crustaceans Price in Singapore (CIF) - 2022
- Frozen Crustaceans Price in Singapore (FOB) - 2022
- Frozen Crustaceans Imports in Singapore
- Frozen Crustaceans Exports in Singapore
Frozen Crustaceans Price in Singapore (CIF) - 2022
In September 2022, the average frozen crustaceans import price amounted to $12,334 per ton, remaining relatively unchanged against the previous month. Over the period under review, import price indicated a temperate increase from September 2021 to September 2022: its price increased at an average monthly rate of +4.5% over the last twelve months. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on September 2022 figures, frozen crustaceans import price increased by +26.2% against June 2022 indices. The most prominent rate of growth was recorded in January 2022 an increase of 42% against the previous month. Over the period under review, average import prices attained the peak figure in September 2022.
There were significant differences in the average prices amongst the major supplying countries. In September 2022, the country with the highest price was Canada ($27,924 per ton), while the price for China ($6,604 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 Indonesia (+6.1%), while the prices for the other major suppliers experienced more modest paces of growth.
Frozen Crustaceans Price in Singapore (FOB) - 2022
In September 2022, the average frozen crustaceans export price amounted to $30,689 per ton, jumping by 60% against the previous month. In general, the export price recorded a prominent increase. The most prominent rate of growth was recorded in March 2022 when the average export price increased by 198% m-o-m. Over the period under review, the average export prices hit record highs in September 2022.
Prices varied noticeably by the country of destination: the country with the highest price was Qatar ($92,150 per ton), while the average price for exports to Brunei Darussalam ($11,141 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 Malaysia (+8.7%), while the prices for the other major destinations experienced more modest paces of growth.
Frozen Crustaceans Imports in Singapore
In 2022, frozen crustaceans imports into Singapore rose notably to 17K tons, growing by 14% on the year before. The total import volume increased at an average annual rate of +8.8% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2021 with an increase of 25% against the previous year. Imports peaked in 2022 and are likely to see gradual growth in the near future.
In value terms, frozen crustaceans imports skyrocketed to $131M in 2022. Overall, total imports indicated a remarkable increase from 2019 to 2022: its value increased at an average annual rate of +9.7% 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 +65.4% against 2020 indices. The pace of growth appeared the most rapid in 2021 with an increase of 32%. Over the period under review, imports reached the maximum in 2022 and are likely to see steady growth in the near future.
| Import of Frozen Crustaceans in Singapore (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Malaysia | 26.2 | 20.0 | 27.2 | 27.5 | 1.6% |
| China | 17.4 | 16.3 | 22.6 | 24.7 | 12.4% |
| Vietnam | 14.2 | 8.1 | 13.0 | 14.6 | 0.9% |
| Ecuador | 2.5 | 6.7 | 10.4 | 11.7 | 67.3% |
| India | 4.4 | 1.5 | 4.6 | 8.1 | 22.6% |
| Indonesia | 8.0 | 4.5 | 4.7 | 8.0 | 0.0% |
| Canada | 6.1 | 2.5 | 4.4 | 7.9 | 9.0% |
| Thailand | 4.3 | 3.6 | 2.4 | 3.7 | -4.9% |
| Brunei Darussalam | N/A | 4.7 | 2.4 | 2.8 | -22.8% |
| Myanmar | 3.2 | 1.8 | 2.0 | 1.4 | -24.1% |
| Others | 13.2 | 9.7 | 11.1 | 20.8 | 16.4% |
| Total | 99.5 | 79.4 | 105 | 131 | 9.6% |
Top Suppliers of Frozen Crustaceans to Singapore in 2022:
- China (5.4K tons)
- Malaysia (3.3K tons)
- Ecuador (1.7K tons)
- Vietnam (1.6K tons)
- Indonesia (1.1K tons)
- India (1.1K tons)
- Brunei Darussalam (0.4K tons)
- Thailand (0.4K tons)
- Canada (0.3K tons)
- Myanmar (0.3K tons)
Frozen Crustaceans Exports in Singapore
In 2022, after three years of growth, there was significant decline in overseas shipments of frozen crustaceans, when their volume decreased by -9.3% to 742 tons. The total export volume increased at an average annual rate of +7.7% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2020 with an increase of 26% against the previous year.
In value terms, frozen crustaceans exports rose notably to $7.2M in 2022. The total export value increased at an average annual rate of +3.9% over the period from 2019 to 2022; however, the trend pattern remained consistent, with somewhat noticeable fluctuations being recorded in certain years. As a result, the exports attained the peak and are likely to continue growth in the immediate term.
| Export of Frozen Crustaceans in Singapore (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Malaysia | 2,228 | 1,312 | 2,982 | 2,473 | 3.5% |
| Qatar | 454 | 202 | 783 | 1,023 | 31.1% |
| Brunei Darussalam | 396 | 684 | 483 | 663 | 18.7% |
| Hong Kong SAR | 478 | 554 | 415 | 596 | 7.6% |
| Australia | 343 | 462 | 265 | 430 | 7.8% |
| Japan | 132 | 177 | N/A | 321 | 34.5% |
| South Africa | 198 | 70.5 | N/A | 319 | 17.2% |
| South Korea | 259 | 104 | 94.8 | 149 | -16.8% |
| China | N/A | 533 | N/A | N/A | 0% |
| Taiwan (Chinese) | 564 | 275 | N/A | N/A | -51.2% |
| Others | 1,357 | 2,120 | 1,295 | 1,222 | -3.4% |
| Total | 6,411 | 6,493 | 6,317 | 7,197 | 3.9% |
Top Export Markets for Frozen Crustaceans from Singapore in 2022:
- Taiwan (Chinese) (undefined tons)
- Malaysia (388.5 tons)
- Hong Kong SAR (83.3 tons)
- Brunei Darussalam (59.0 tons)
- Japan (37.3 tons)
- Australia (36.8 tons)
- Qatar (28.4 tons)
- South Korea (21.9 tons)
- South Africa (19.6 tons)
This report provides an in-depth analysis of the frozen crustaceans 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 10203100 - Frozen crustaceans, frozen flours, meals and pellets of crustaceans, fit for human consumption
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.
-
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
-
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
-
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
-
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
-
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
-
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
-
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
543
This report provides an in-depth analysis of the frozen crustaceans market in Singapore.
471
This report provides an in-depth analysis of the market for crab and crab meat in Singapore.
161
This report provides an in-depth analysis of the crabs, not frozen market in Singapore.
237
This report provides an in-depth analysis of the frozen norway lobster market in Singapore.
338
This report provides an in-depth analysis of the market for frozen crab and crab meat in Singapore.
261
This report provides an in-depth analysis of the frozen lobster market in Singapore.
1287
This report provides an in-depth analysis of the global frozen crustaceans market.
1642
This report provides an in-depth analysis of the global market for crab and crab meat.
266
This report provides an in-depth analysis of the global crabs, not frozen market.
322
This report provides an in-depth analysis of the global frozen norway lobster market.
273
Explore the top import markets for frozen crustaceans, including the United States, China, and Japan. Find key statistics and insights on the global market for these delectable seafood delicacies.
2247
This year, the average annual shrimp price is forecast to soar by 7% y-o-y to $15 per kg. High freight rates, the rising cost of marine fuels and boosting global demand for crustaceans remain the key reasons for the price increases. In 2021, the average annual shrimp price ($12.7 per kg) was approximately 10% higher than those of 2020.
390
Explore the world's best import markets for crab and crab meat, including the United States, China, South Korea, and more. Discover key statistics and market insights.
742
In 2020, the production and export of frozen crab and crab meat declined worldwide; the fall in sales incurred by the closure of the HoReCa segment, however, was offset by the surge in demand from retail consumers. Global imports fell against previous year figures, but demand from the USA, a major importer, remained robust.
298
Explore the top import markets for Frozen Crab and Crab Meat, including the United States, Japan, China, and more. Discover key statistics and trends in the global crab meat industry.
1605
In value terms, molluscs imports amounted to $X in 2016. The total import value increased at an average annual rate of +X% from 2007 to 2016; the trend pattern indicated some noticeable fluctuati...
1716
In value terms, molluscs exports amounted to $X in 2016. The total export value increased at an average annual rate of +X% from 2007 to 2016; the trend pattern indicated some noticeable fluctuatio...
273
Explore the top import markets for frozen crustaceans, including the United States, China, and Japan. Find key statistics and insights on the global market for these delectable seafood delicacies.
2247
This year, the average annual shrimp price is forecast to soar by 7% y-o-y to $15 per kg. High freight rates, the rising cost of marine fuels and boosting global demand for crustaceans remain the key reasons for the price increases. In 2021, the average annual shrimp price ($12.7 per kg) was approximately 10% higher than those of 2020.
390
Explore the world's best import markets for crab and crab meat, including the United States, China, South Korea, and more. Discover key statistics and market insights.
