Singapore - Frozen Fruits - Market Analysis, Forecast, Size, Trends and Insights
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View PricingFrozen Fruit Price in Singapore - 2022
Contents:
- Frozen Fruit Price in Singapore (CIF) - 2022
- Frozen Fruit Price in Singapore (FOB) - 2022
- Frozen Fruit Imports in Singapore
- Frozen Fruit Exports in Singapore
Frozen Fruit Price in Singapore (CIF) - 2022
In September 2022, the average frozen fruit import price amounted to $5,241 per ton, surging by 16% 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 +2.6% 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 fruit import price decreased by -9.4% against July 2022 indices. The most prominent rate of growth was recorded in July 2022 an increase of 59% m-o-m. The import price peaked at $5,949 per ton in March 2022; however, from April 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 Brazil ($17,850 per ton), while the price for Malaysia ($1,815 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 Brazil (+28.2%), while the prices for the other major suppliers experienced more modest paces of growth.
Frozen Fruit Price in Singapore (FOB) - 2022
The average frozen fruit export price stood at $6,336 per ton in 2022, rising by 112% against the previous year. In general, the export price enjoyed a noticeable increase. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Hong Kong SAR ($26,148 per ton), while the average price for exports to Indonesia ($2,052 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 Hong Kong SAR (+24.8%), while the prices for the other major destinations experienced more modest paces of growth.
Frozen Fruit Imports in Singapore
In 2022, after three years of growth, there was significant decline in purchases abroad of frozen fruits, when their volume decreased by -12% to 1.8K tons. The total import volume increased at an average annual rate of +6.8% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The growth pace was the most rapid in 2021 with an increase of 23% against the previous year. As a result, imports reached the peak of 2.1K tons, and then contracted in the following year.
In value terms, frozen fruit imports dropped remarkably to $6.9M in 2022. The total import value increased at an average annual rate of +3.7% 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 23%. As a result, imports reached the peak of $8.2M, and then fell sharply in the following year.
| Import of Frozen Fruit in Singapore (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Malaysia | 1,801 | 1,201 | 2,069 | 1,093 | -15.3% |
| France | 912 | 663 | 831 | 1,046 | 4.7% |
| Vietnam | 306 | 191 | 281 | 545 | 21.2% |
| Chile | 10.9 | 17.6 | 218 | 495 | 256.8% |
| Brazil | 407 | 721 | 679 | 461 | 4.2% |
| China | 257 | 250 | 385 | 388 | 14.7% |
| South Korea | 288 | 728 | 845 | 374 | 9.1% |
| Belgium | 297 | 150 | 286 | 352 | 5.8% |
| Indonesia | 19.9 | 57.1 | 191 | 292 | 144.8% |
| Peru | 103 | 171 | 28.3 | 215 | 27.8% |
| Canada | 53.0 | 53.9 | 134 | 193 | 53.8% |
| Japan | 108 | 120 | 165 | 184 | 19.4% |
| Poland | 18.8 | 46.1 | 113 | 148 | 98.9% |
| Others | 1,574 | 2,279 | 1,977 | 1,081 | -11.8% |
| Total | 6,156 | 6,650 | 8,203 | 6,866 | 3.7% |
Top Suppliers of Frozen Fruit to Singapore in 2022:
- Malaysia (359.3 tons)
- Vietnam (217.9 tons)
- Brazil (215.6 tons)
- China (202.3 tons)
- France (171.3 tons)
- Chile (97.3 tons)
- South Korea (81.3 tons)
- Indonesia (77.9 tons)
- Belgium (60.4 tons)
- Poland (49.0 tons)
- Peru (45.8 tons)
- Canada (40.3 tons)
- Japan (27.5 tons)
Frozen Fruit Exports in Singapore
In 2022, shipments abroad of frozen fruits decreased by -67.5% to 41 tons, falling for the second consecutive year after two years of growth. Overall, exports saw a precipitous contraction. The most prominent rate of growth was recorded in 2020 with an increase of 80%. As a result, the exports reached the peak of 216 tons. From 2021 to 2022, the growth of the exports remained at a somewhat lower figure.
In value terms, frozen fruit exports fell significantly to $260K in 2022. In general, exports recorded a drastic downturn. The growth pace was the most rapid in 2020 with an increase of 12%. As a result, the exports reached the peak of $414K. From 2021 to 2022, the growth of the exports remained at a lower figure.
| Export of Frozen Fruit in Singapore (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Brunei Darussalam | 29.3 | 34.6 | 21.3 | 73.3 | 35.8% |
| Hong Kong SAR | 7.3 | 62.4 | 52.8 | 67.7 | 110.1% |
| Malaysia | 104 | 136 | 152 | 52.7 | -20.3% |
| Sri Lanka | 17.1 | 13.5 | 19.9 | 22.9 | 10.2% |
| Vietnam | 7.3 | 7.2 | 7.2 | 11.1 | 15.0% |
| Timor-Leste | N/A | 1.6 | 1.7 | 5.3 | 82.0% |
| Indonesia | 0.8 | 46.5 | 60.7 | 3.1 | 57.1% |
| Thailand | 72.3 | 2.7 | N/A | N/A | -96.3% |
| Mauritius | 71.4 | N/A | N/A | N/A | 0% |
| Brazil | N/A | 82.0 | N/A | N/A | 0% |
| Others | 60.8 | 27.8 | 61.1 | 23.8 | -26.8% |
| Total | 370 | 414 | 377 | 260 | -11.1% |
Top Export Markets for Frozen Fruit from Singapore in 2022:
- Malaysia (16.7 tons)
- Brunei Darussalam (12.0 tons)
- Sri Lanka (2.9 tons)
- Hong Kong SAR (2.6 tons)
- Vietnam (2.3 tons)
- Indonesia (1.5 tons)
- Timor-Leste (1.4 tons)
This report provides an in-depth analysis of the frozen fruit 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 10392100 - Frozen fruit and nuts uncooked or cooked by steaming or boiling in water
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
-
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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