Singapore - Glucose And Glucose Syrup - Market Analysis, Forecast, Size, Trends And Insights
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View PricingGlucose Price in Singapore - 2022
Contents:
- Glucose Price in Singapore (CIF) - 2022
- Glucose Price in Singapore (FOB) - 2022
- Glucose Imports in Singapore
- Glucose Exports in Singapore
Glucose Price in Singapore (CIF) - 2022
In 2022, the average glucose import price amounted to $862 per ton, jumping by 44% against the previous year. Over the last decade, it increased at an average annual rate of +2.7%. As a result, import price attained the peak level and is likely to continue growth in the immediate term.
There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was the United States ($2,299 per ton), while the price for Thailand ($693 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Malaysia (+12.5%), while the prices for the other major suppliers experienced more modest paces of growth.
Glucose Price in Singapore (FOB) - 2022
In 2022, the average glucose export price amounted to $978 per ton, with a decrease of -35.4% against the previous year. Over the period under review, the export price, however, saw a remarkable increase. The pace of growth appeared the most rapid in 2021 an increase of 48%. As a result, the export price reached the peak level of $1,513 per ton, and then reduced dramatically in the following year.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the United States ($8,418 per ton), while the average price for exports to Indonesia ($456 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 the United States (+47.3%), while the prices for the other major destinations experienced more modest paces of growth.
Glucose Imports in Singapore
In 2022, the amount of glucose and glucose syrup imported into Singapore fell remarkably to 29K tons, waning by -23.9% against the previous year's figure. Over the period under review, total imports indicated mild growth from 2019 to 2022: its volume increased at an average annual rate of +1.5% 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 +10.5% against 2020 indices. The most prominent rate of growth was recorded in 2021 when imports increased by 45%. As a result, imports reached the peak of 38K tons, and then fell remarkably in the following year.
In value terms, glucose imports expanded significantly to $25M in 2022. In general, total imports indicated a buoyant increase from 2019 to 2022: its value increased at an average annual rate of +12.5% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +42.3% against 2019 indices. The growth pace was the most rapid in 2021 with an increase of 27%. Imports peaked in 2022 and are likely to see gradual growth in the near future.
| Import of Glucose in Singapore (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 8.5 | 9.3 | 10.5 | 16.9 | 25.7% |
| United States | 3.2 | 3.1 | 5.7 | 3.6 | 4.0% |
| Thailand | 3.5 | 2.8 | 2.7 | 1.9 | -18.4% |
| Others | 2.3 | 2.7 | 4.0 | 2.5 | 2.8% |
| Total | 17.5 | 18.0 | 22.8 | 24.9 | 12.5% |
Top Suppliers of Glucose to Singapore in 2022:
- China (22.7K tons)
- Thailand (2.7K tons)
- United States (1.6K tons)
Glucose Exports in Singapore
In 2022, the amount of glucose and glucose syrup exported from Singapore skyrocketed to 387 tons, picking up by 37% compared with the year before. In general, exports, however, saw a noticeable setback. The pace of growth was the most pronounced in 2021 with an increase of 72% against the previous year.
In value terms, glucose exports declined to $379K in 2022. Over the period under review, exports showed temperate growth. The growth pace was the most rapid in 2021 when exports increased by 155%. As a result, the exports reached the peak of $428K, and then fell in the following year.
| Export of Glucose in Singapore (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Malaysia | 61.6 | 17.8 | 39.6 | 136 | 30.2% |
| United States | 0.8 | 36.5 | 187 | 111 | 417.7% |
| Indonesia | 123 | 19.6 | 16.6 | 35.4 | -34.0% |
| Brunei Darussalam | 5.3 | 1.5 | 2.3 | 7.8 | 13.7% |
| Sri Lanka | 39.1 | 11.2 | 1.8 | 6.3 | -45.6% |
| Vietnam | 12.2 | 6.7 | 13.3 | 5.0 | -25.7% |
| South Korea | 11.9 | 7.1 | 52.7 | 1.4 | -51.0% |
| Others | 101 | 67.5 | 114 | 75.7 | -9.2% |
| Total | 355 | 168 | 428 | 379 | 2.2% |
Top Export Markets for Glucose from Singapore in 2022:
- Malaysia (246.1 tons)
- Indonesia (77.7 tons)
- United States (13.2 tons)
- Brunei Darussalam (11.7 tons)
- Vietnam (9.8 tons)
- Sri Lanka (3.0 tons)
- South Korea (2.0 tons)
This report provides an in-depth analysis of the glucose 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 10621310 - Glucose and glucose syrup (excluding with added flavouring or colouring matter)
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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