Singapore - Frozen Whole Fish - Market Analysis, Forecast, Size, Trends and Insights
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View PricingFrozen Whole Fish Price in Singapore - 2022
Contents:
- Frozen Whole Fish Price in Singapore (CIF) - 2022
- Frozen Whole Fish Price in Singapore (FOB) - 2022
- Frozen Whole Fish Imports in Singapore
- Frozen Whole Fish Exports in Singapore
Frozen Whole Fish Price in Singapore (CIF) - 2022
In September 2022, the average frozen whole fish import price amounted to $12,289 per ton, increasing by 45% against the previous month. Overall, import price indicated temperate growth from January 2022 to September 2022: its price increased at an average monthly rate of +4.1% over the last eight months. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on September 2022 figures, frozen whole fish import price increased by +45.3% against August 2022 indices. As a result, import price attained the peak level and is likely to continue growth in the immediate term.
Prices varied noticeably by the country of origin: the country with the highest price was Saint Helena, Ascension and Tristan da Cunha ($42,262 per ton), while the price for Thailand ($2,370 per ton) was amongst the lowest.
From January 2022 to September 2022, the most notable rate of growth in terms of prices was attained by the UK (+28.9%), while the prices for the other major suppliers experienced more modest paces of growth.
Frozen Whole Fish Price in Singapore (FOB) - 2022
In September 2022, the average frozen whole fish export price amounted to $14,082 per ton, shrinking by -17.9% against the previous month. Over the period under review, the export price showed a noticeable curtailment. The growth pace was the most rapid in March 2022 an increase of 88% against the previous month. Over the period under review, the average export prices reached the peak figure at $23,700 per ton in April 2022; however, from May 2022 to September 2022, the export prices stood at a somewhat 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 Thailand ($46,662 per ton), while the average price for exports to Taiwan (Chinese) ($2,098 per ton) was amongst the lowest.
From January 2022 to September 2022, the most notable rate of growth in terms of prices was recorded for supplies to Japan (+24.5%), while the prices for the other major destinations experienced more modest paces of growth.
Frozen Whole Fish Imports in Singapore
After three years of growth, purchases abroad of frozen whole fish decreased by -14.9% to 24K tons in 2022. Over the period under review, imports saw a mild shrinkage. The pace of growth appeared the most rapid in 2021 when imports increased by 6.5% against the previous year. As a result, imports reached the peak of 29K tons, and then declined in the following year.
In value terms, frozen whole fish imports soared to $178M in 2022. The total import value increased at an average annual rate of +4.3% over the period from 2019 to 2022; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports reached the peak and are likely to continue growth in the immediate term.
| Import of Frozen Whole Fish in Singapore (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Spain | 21.9 | 22.0 | 17.6 | 24.9 | 4.4% |
| United Kingdom | 12.9 | 5.5 | 6.0 | 17.1 | 9.9% |
| China | 9.6 | 8.5 | 14.6 | 15.8 | 18.1% |
| Namibia | 12.1 | 9.6 | 9.7 | 14.6 | 6.5% |
| Norway | 4.4 | 2.2 | 4.3 | 10.1 | 31.9% |
| Chile | 4.1 | 5.3 | 5.9 | 9.9 | 34.2% |
| Malaysia | 6.3 | 7.3 | 8.7 | 9.0 | 12.6% |
| Taiwan (Chinese) | 7.5 | 4.4 | 9.5 | 7.3 | -0.9% |
| British Indian Ocean Territory | 4.3 | 5.4 | 1.8 | 4.5 | 1.5% |
| Indonesia | 3.5 | 4.5 | 4.1 | 4.1 | 5.4% |
| Thailand | 2.0 | 2.2 | 2.3 | 2.4 | 6.3% |
| Vietnam | 2.1 | 2.5 | 2.3 | 2.3 | 3.1% |
| Myanmar | 17.6 | 13.9 | 17.9 | 1.2 | -59.1% |
| Others | 48.9 | 35.7 | 41.4 | 54.7 | 3.8% |
| Total | 157 | 129 | 146 | 178 | 4.3% |
Top Suppliers of Frozen Whole Fish to Singapore in 2022:
- China (3.9K tons)
- Malaysia (3.6K tons)
- Norway (1.9K tons)
- Spain (1.5K tons)
- British Indian Ocean Territory (1.4K tons)
- Thailand (1.3K tons)
- Chile (1.1K tons)
- Vietnam (1.0K tons)
- Myanmar (0.9K tons)
- Indonesia (0.9K tons)
- Namibia (0.9K tons)
- United Kingdom (0.8K tons)
- Taiwan (Chinese) (0.7K tons)
Frozen Whole Fish Exports in Singapore
For the third year in a row, Singapore recorded decline in shipments abroad of frozen whole fish, which decreased by -13.1% to 6.9K tons in 2022. Over the period under review, exports continue to indicate a abrupt descent. The smallest decline of -3.3% was in 2021.
In value terms, frozen whole fish exports rose markedly to $83M in 2022. Overall, exports saw a deep slump. The growth pace was the most rapid in 2021 when exports increased by 15%.
| Export of Frozen Whole Fish in Singapore (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 46.5 | 31.6 | 37.5 | 46.3 | -0.1% |
| Thailand | 7.4 | 5.1 | 5.5 | 5.3 | -10.5% |
| South Korea | 1.1 | 1.1 | 4.3 | 5.0 | 65.7% |
| Indonesia | 3.3 | 3.2 | 3.2 | 4.7 | 12.5% |
| Japan | 7.8 | 5.9 | 4.2 | 4.5 | -16.8% |
| Malaysia | 5.7 | 2.3 | 1.8 | 3.7 | -13.4% |
| Hong Kong SAR | 5.9 | 1.7 | 2.5 | 3.5 | -16.0% |
| Philippines | 6.7 | 0.7 | 1.0 | 2.9 | -24.4% |
| Brunei Darussalam | 1.5 | 1.2 | 1.1 | 2.6 | 20.1% |
| Vietnam | 7.0 | 2.2 | 3.2 | 1.5 | -40.2% |
| Taiwan (Chinese) | 2.6 | 6.7 | 5.7 | 1.1 | -24.9% |
| Brazil | 1.0 | 0.5 | 0.9 | 0.7 | -11.2% |
| United Arab Emirates | 0.6 | 0.2 | 0.6 | 0.7 | 5.3% |
| Others | 3.8 | 1.0 | 1.5 | 0.6 | -46.0% |
| Total | 101 | 63.3 | 72.8 | 83.1 | -6.3% |
Top Export Markets for Frozen Whole Fish from Singapore in 2022:
- China (1750.4 tons)
- Indonesia (1440.2 tons)
- Japan (817.0 tons)
- Brunei Darussalam (489.9 tons)
- Taiwan (Chinese) (444.2 tons)
- South Korea (424.3 tons)
- Brazil (262.2 tons)
- Vietnam (249.1 tons)
- Malaysia (247.6 tons)
- Thailand (228.5 tons)
- Philippines (177.0 tons)
- Hong Kong SAR (152.7 tons)
- United Arab Emirates (123.0 tons)
This report provides an in-depth analysis of the frozen whole fish 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 10201330 - Frozen whole salt water fish
- Prodcom 10201360 - Frozen whole fresh water fish
- Prodcom 10201600 - Frozen fish livers and roes
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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