Singapore - Frozen Hams, Shoulders And Cuts Of Pig Meat - Market Analysis, Forecast, Size, Trends And Insights
Report Update: May 1, 2024

Singapore - Frozen Hams, Shoulders And Cuts Of Pig Meat - Market Analysis, Forecast, Size, Trends And Insights

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Frozen Pork Cut Price in Singapore - 2022

Contents:

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

Frozen Pork Cut Price in Singapore (CIF) - 2022

The average frozen pork cut import price stood at $2,376 per ton in 2022, dropping by -9.1% against the previous year. Over the period under review, the import price, however, continues to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2019 when the average import price increased by 17% against the previous year. The import price peaked at $2,615 per ton in 2021, and then declined in the following year.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the United States ($4,845 per ton), while the price for Australia ($1,333 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Mexico (+15.5%), while the prices for the other major suppliers experienced more modest paces of growth.

Frozen Pork Cut Price in Singapore (FOB) - 2022

In 2022, the average frozen pork cut export price amounted to $2,097 per ton, shrinking by -17% against the previous year. Overall, the export price showed a pronounced slump. The most prominent rate of growth was recorded in 2014 when the average export price increased by 104%. As a result, the export price attained the peak level of $3,796 per ton. From 2015 to 2022, the average export prices remained at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Brunei Darussalam ($3,114 per ton), while the average price for exports to Indonesia ($1,544 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 (+9.1%), while the prices for the other major destinations experienced mixed trend patterns.

Frozen Pork Cut Imports in Singapore

After three years of growth, overseas purchases of frozen hams, shoulders and cuts of pig meat decreased by -35.8% to 678 tons in 2022. Over the period under review, imports continue to indicate a perceptible contraction. The most prominent rate of growth was recorded in 2021 when imports increased by 25%. As a result, imports attained the peak of 1.1K tons, and then fell rapidly in the following year.

In value terms, frozen pork cut imports reduced notably to $1.6M in 2022. Overall, imports saw a relatively flat trend pattern. The growth pace was the most rapid in 2021 when imports increased by 40%. As a result, imports reached the peak of $2.8M, and then fell rapidly in the following year.

Import of Frozen Pork Cut in Singapore (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
Mexico601777968572-1.6%
Germany15510120431726.9%
Brazil253176416188-9.4%
Canada11257845415210.7%
Spain45.219.021313845.1%
United States36.413.313812249.7%
Austria31.910213365.126.8%
Australia29012167.417.2-61.0%
Denmark81.669.7N/AN/A-14.6%
Others26.816.017040.915.1%
Total1,6331,9732,7631,611-0.5%

Top Suppliers of Frozen Pork Cut to Singapore in 2022:

  1. Mexico (198.5 tons)
  2. Germany (168.0 tons)
  3. Brazil (94.5 tons)
  4. Canada (91.8 tons)
  5. Spain (31.6 tons)
  6. United States (25.2 tons)
  7. Austria (25.1 tons)
  8. Australia (12.9 tons)

Frozen Pork Cut Exports in Singapore

Frozen pork cut exports from Singapore soared to 368 tons in 2022, growing by 219% on the previous year. Overall, exports saw a significant expansion. The most prominent rate of growth was recorded in 2021 when exports increased by 288%. Over the period under review, the exports attained the peak figure in 2022 and are expected to retain growth in the immediate term.

In value terms, frozen pork cut exports surged to $771K in 2022. In general, exports showed a significant increase. The growth pace was the most rapid in 2021 when exports increased by 223%. Over the period under review, the exports reached the maximum in 2022 and are expected to retain growth in the near future.

Export of Frozen Pork Cut in Singapore (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
MalaysiaN/AN/AN/A5820%
Brunei Darussalam22.269.053.011070.5%
Indonesia3.42.846.879.6186.1%
ThailandN/AN/A57.40.1-99.8%
Spain85.6N/AN/AN/A0%
CanadaN/AN/A115N/A0%
Others1.918.418.8N/A214.6%
Total11390.229177189.7%

Top Export Markets for Frozen Pork Cut from Singapore in 2022:

  1. Thailand (undefined tons)
  2. Malaysia (281.0 tons)
  3. Indonesia (51.6 tons)
  4. Brunei Darussalam (35.2 tons)

Source: IndexBox Market Intelligence Platform

This report provides an in-depth analysis of the frozen pork cut 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 10113250 - Frozen hams, shoulders and cuts with bone in, of pig meat

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. COUNTRIES WITH TOP YIELDS
    4. TOP EXPORTING COUNTRIES
    5. 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, PRODUCING ANIMALS AND YIELD
  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. Yield And Growth
    16. Exports And Growth
    17. Export Prices And Growth
    18. Market Size And Growth
    19. Per Capita Consumption
    20. Imports And Growth
    21. Import Prices
    22. Production, In Physical Terms, 2012–2023
    23. Production, In Value Terms, 2012–2023
    24. Producing Animals Slaughtered, 2012–2023
    25. Yield, 2012–2023
    26. Imports, In Physical Terms, 2012–2023
    27. Imports, In Value Terms, 2012–2023
    28. Imports, In Physical Terms, By Country, 2023
    29. Imports, In Physical Terms, By Country, 2012–2023
    30. Imports, In Value Terms, By Country, 2012–2023
    31. Import Prices, By Country Of Origin, 2012–2023
    32. Exports, In Physical Terms, 2012–2023
    33. Exports, In Value Terms, 2012–2023
    34. Exports, In Physical Terms, By Country, 2023
    35. Exports, In Physical Terms, By Country, 2012–2023
    36. Exports, In Value Terms, By Country, 2012–2023
    37. Export Prices, By Country Of Destination, 2012–2023
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