Singapore - Frozen Fish Fillet - Market Analysis, Forecast, Size, Trends and Insights
Report Update: May 5, 2024

Singapore - Frozen Fish Fillet - Market Analysis, Forecast, Size, Trends and Insights

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Frozen Fish Fillet Price in Singapore - 2022

Contents:

  1. Frozen Fish Fillet Price in Singapore (CIF) - 2022
  2. Frozen Fish Fillet Price in Singapore (FOB) - 2022
  3. Frozen Fish Fillet Imports in Singapore
  4. Frozen Fish Fillet Exports in Singapore

Frozen Fish Fillet Price in Singapore (CIF) - 2022

In September 2022, the average frozen fish fillet import price amounted to $5,919 per ton, dropping by -8.6% against the previous month. In general, import price indicated a perceptible increase from September 2021 to September 2022: its price increased at an average monthly rate of +3.9% 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, frozen fish fillet import price decreased by -8.6% against August 2022 indices. The most prominent rate of growth was recorded in January 2022 when the average import price increased by 28% against the previous month. The import price peaked at $7,390 per ton in February 2022; however, from March 2022 to September 2022, import prices failed to regain momentum.

Prices varied noticeably by the country of origin: the country with the highest price was Japan ($28,064 per ton), while the price for Vietnam ($3,554 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 (+5.3%), while the prices for the other major suppliers experienced more modest paces of growth.

Frozen Fish Fillet Price in Singapore (FOB) - 2022

In September 2022, the average frozen fish fillet export price amounted to $10,601 per ton, with a decrease of -5.5% against the previous month. Over the period under review, the export price, however, enjoyed a pronounced expansion. The pace of growth appeared the most rapid in April 2022 an increase of 85% m-o-m. The export price peaked at $13,707 per ton in June 2022; however, from July 2022 to September 2022, the export prices remained at a lower figure.

There were significant differences in the average prices for the major external markets. In September 2022, the country with the highest price was Qatar ($20,475 per ton), while the average price for exports to Bangladesh ($6,500 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 Vietnam (+13.0%), while the prices for the other major destinations experienced more modest paces of growth.

Frozen Fish Fillet Imports in Singapore

In 2022, supplies from abroad of frozen fish fillet was finally on the rise to reach 24K tons for the first time since 2019, thus ending a two-year declining trend. Overall, imports, however, showed a relatively flat trend pattern.

In value terms, frozen fish fillet imports surged to $111M in 2022. Over the period under review, total imports indicated a strong increase from 2019 to 2022: its value increased at an average annual rate of +7.6% 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 +48.4% against 2020 indices. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Import of Frozen Fish Fillet in Singapore (Million USD)
COUNTRY2019202020212022CAGR,
2019-2022
Vietnam35.731.631.042.25.7%
Chile14.912.48.928.624.3%
Indonesia11.98.39.211.5-1.1%
Japan5.55.35.77.812.4%
China7.35.55.87.2-0.5%
Malaysia3.02.33.43.66.3%
Pakistan0.60.72.11.432.6%
Others10.79.012.89.2-4.9%
Total89.675.178.91117.4%

Top Suppliers of Frozen Fish Fillet to Singapore in 2022:

  1. Vietnam (15.9K tons)
  2. Chile (2.3K tons)
  3. Indonesia (2.1K tons)
  4. China (1.3K tons)
  5. Malaysia (0.8K tons)
  6. Pakistan (0.5K tons)
  7. Japan (0.4K tons)

Frozen Fish Fillet Exports in Singapore

In 2022, the amount of frozen fish fillet exported from Singapore shrank notably to 3.4K tons, which is down by -27.1% compared with 2021 figures. In general, exports, however, continue to indicate prominent growth. The growth pace was the most rapid in 2021 with an increase of 111% against the previous year. As a result, the exports attained the peak of 4.7K tons, and then shrank dramatically in the following year.

In value terms, frozen fish fillet exports reduced dramatically to $23M in 2022. Overall, total exports indicated a prominent expansion from 2019 to 2022: its value increased at an average annual rate of +7.1% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +31.7% against 2020 indices. The growth pace was the most rapid in 2021 with an increase of 78% against the previous year. As a result, the exports attained the peak of $31M, and then dropped sharply in the following year.

Export of Frozen Fish Fillet in Singapore (Million USD)
COUNTRY2019202020212022CAGR,
2019-2022
United States6.86.86.47.74.2%
Malaysia4.74.15.16.813.1%
Qatar0.71.12.12.144.2%
Japan0.90.50.81.16.9%
Hong Kong SAR0.50.61.51.026.0%
Brunei Darussalam0.20.30.30.965.1%
Indonesia1.30.50.50.8-14.9%
South Korea0.51.810.80.66.3%
Vietnam0.30.41.50.2-12.6%
Others2.71.21.91.7-14.3%
Total18.617.330.822.87.0%

Top Export Markets for Frozen Fish Fillet from Singapore in 2022:

  1. Malaysia (1490.8 tons)
  2. United States (640.3 tons)
  3. Indonesia (344.9 tons)
  4. Japan (244.1 tons)
  5. Qatar (160.6 tons)
  6. Vietnam (81.7 tons)
  7. Brunei Darussalam (79.4 tons)
  8. Hong Kong SAR (63.8 tons)
  9. South Korea (45.6 tons)

Source: IndexBox Market Intelligence Platform

This report provides an in-depth analysis of the frozen 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 10201400 - Frozen fish fillets

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:

  1. How to diversify your business and benefit from new market opportunities
  2. How to load your idle production capacity
  3. How to boost your sales on overseas markets
  4. How to increase your profit margins
  5. How to make your supply chain more sustainable
  6. How to reduce your production and supply chain costs
  7. How to outsource production to other countries
  8. 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. 1. INTRODUCTION

    Making Data-Driven Decisions to Grow Your Business

    1. REPORT DESCRIPTION
    2. RESEARCH METHODOLOGY AND AI PLATFORM
    3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
    4. GLOSSARY AND SPECIFIC TERMS
  2. 2. EXECUTIVE SUMMARY

    A Quick Overview of Market Performance

    1. KEY FINDINGS
    2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
  3. 3. MARKET OVERVIEW

    Understanding the Current State of The Market and Its Prospects

    1. MARKET SIZE
    2. MARKET STRUCTURE
    3. TRADE BALANCE
    4. PER CAPITA CONSUMPTION
    5. MARKET FORECAST TO 2030
  4. 4. MOST PROMISING PRODUCT

    Finding New Products to Diversify Your Business

    This Chapter is Available Only for the Professional Edition PRO
    1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
    2. BEST-SELLING PRODUCTS
    3. MOST CONSUMED PRODUCT
    4. MOST TRADED PRODUCT
    5. MOST PROFITABLE PRODUCT FOR EXPORT
  5. 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
    1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
    2. TOP PRODUCING COUNTRIES
    3. TOP EXPORTING COUNTRIES
    4. LOW-COST EXPORTING COUNTRIES
  6. 6. MOST PROMISING OVERSEAS MARKETS

    Choosing the Best Countries to Boost Your Exports

    This Chapter is Available Only for the Professional Edition PRO
    1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
    2. TOP CONSUMING MARKETS
    3. UNSATURATED MARKETS
    4. TOP IMPORTING MARKETS
    5. MOST PROFITABLE MARKETS
  7. 7. PRODUCTION

    The Latest Trends and Insights into The Industry

    1. PRODUCTION VOLUME AND VALUE
  8. 8. IMPORTS

    The Largest Import Supplying Countries

    1. IMPORTS FROM 2012–2023
    2. IMPORTS BY COUNTRY
    3. IMPORT PRICES BY COUNTRY
  9. 9. EXPORTS

    The Largest Destinations for Exports

    1. EXPORTS FROM 2012–2023
    2. EXPORTS BY COUNTRY
    3. EXPORT PRICES BY COUNTRY
  10. 10. PROFILES OF MAJOR PRODUCERS

    The Largest Producers on The Market and Their Profiles

    This Chapter is Available Only for the Professional Edition PRO
  11. LIST OF TABLES

    1. Key Findings In 2023
    2. Market Volume, In Physical Terms, 2012–2023
    3. Market Value, 2012–2023
    4. Per Capita Consumption In 2012-2023
    5. Imports, In Physical Terms, By Country, 2012–2023
    6. Imports, In Value Terms, By Country, 2012–2023
    7. Import Prices, By Country Of Origin, 2012–2023
    8. Exports, In Physical Terms, By Country, 2012–2023
    9. Exports, In Value Terms, By Country, 2012–2023
    10. Export Prices, By Country Of Destination, 2012–2023
  12. LIST OF FIGURES

    1. Market Volume, In Physical Terms, 2012–2023
    2. Market Value, 2012–2023
    3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
    4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
    5. Trade Balance, In Physical Terms, 2012-2023
    6. Trade Balance, In Value Terms, 2012-2023
    7. Per Capita Consumption, 2012-2023
    8. Market Volume Forecast to 2030
    9. Market Value Forecast to 2030
    10. Products: Market Size And Growth, By Type
    11. Products: Average Per Capita Consumption, By Type
    12. Products: Exports And Growth, By Type
    13. Products: Export Prices And Growth, By Type
    14. Production Volume And Growth
    15. Exports And Growth
    16. Export Prices And Growth
    17. Market Size And Growth
    18. Per Capita Consumption
    19. Imports And Growth
    20. Import Prices
    21. Production, In Physical Terms, 2012–2023
    22. Production, In Value Terms, 2012–2023
    23. Imports, In Physical Terms, 2012–2023
    24. Imports, In Value Terms, 2012–2023
    25. Imports, In Physical Terms, By Country, 2023
    26. Imports, In Physical Terms, By Country, 2012–2023
    27. Imports, In Value Terms, By Country, 2012–2023
    28. Import Prices, By Country Of Origin, 2012–2023
    29. Exports, In Physical Terms, 2012–2023
    30. Exports, In Value Terms, 2012–2023
    31. Exports, In Physical Terms, By Country, 2023
    32. Exports, In Physical Terms, By Country, 2012–2023
    33. Exports, In Value Terms, By Country, 2012–2023
    34. Export Prices, By Country Of Destination, 2012–2023
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