Singapore - Salmon (Prepared Or Preserved) - Market Analysis, Forecast, Size, Trends And Insights
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View PricingPreserved Salmon Price in Singapore - 2022
Contents:
- Preserved Salmon Price in Singapore (FOB) - 2022
- Preserved Salmon Price in Singapore (CIF) - 2022
- Preserved Salmon Exports in Singapore
- Preserved Salmon Imports in Singapore
Preserved Salmon Price in Singapore (FOB) - 2022
In 2022, the average preserved salmon export price amounted to $40,486 per ton, approximately equating the previous year. Over the period under review, the export price, however, posted a strong increase. The most prominent rate of growth was recorded in 2020 an increase of 81% against the previous year. The export price peaked at $40,887 per ton in 2021, and then contracted slightly 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 ($58,465 per ton), while the average price for exports to China ($9,175 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 (+18.5%), while the prices for the other major destinations experienced more modest paces of growth.
Preserved Salmon Price in Singapore (CIF) - 2022
In September 2022, the average preserved salmon import price amounted to $19,810 per ton, which is down by -23.5% against the previous month. Over the period under review, the import price, however, recorded a perceptible increase. The most prominent rate of growth was recorded in May 2022 when the average import price increased by 83% m-o-m. As a result, import price reached the peak level of $37,363 per ton. From June 2022 to September 2022, the average import prices failed to regain momentum.
Prices varied noticeably by the country of origin: the country with the highest price was the UK ($41,171 per ton), while the price for Thailand ($13,265 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 Thailand (+3.4%), while the prices for the other major suppliers experienced more modest paces of growth.
Preserved Salmon Exports in Singapore
In 2022, preserved salmon exports from Singapore surged to 209 tons, picking up by 117% on the previous year's figure. Overall, exports posted a significant expansion. The pace of growth was the most pronounced in 2021 when exports increased by 333%. The exports peaked in 2022 and are expected to retain growth in the near future.
In value terms, preserved salmon exports skyrocketed to $8.5M in 2022. In general, exports recorded significant growth. The pace of growth appeared the most rapid in 2021 when exports increased by 521%. The exports peaked in 2022 and are likely to see gradual growth in the near future.
| Export of Preserved Salmon in Singapore (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 152 | 394 | 3,325 | 7,027 | 258.9% |
| Qatar | 99.2 | 112 | 154 | 476 | 68.7% |
| Malaysia | 5.6 | 29.8 | 31.5 | 321 | 285.6% |
| China | 0.3 | 0.5 | 54.9 | 158 | 707.6% |
| Brunei Darussalam | 34.0 | 22.8 | 12.6 | 84.2 | 35.3% |
| South Korea | 43.1 | 2.4 | 8.7 | 67.2 | 16.0% |
| Others | 89.4 | 71.6 | 344 | 318 | 52.6% |
| Total | 423 | 633 | 3,931 | 8,452 | 171.4% |
Top Export Markets for Preserved Salmon from Singapore in 2022:
- United States (120.2 tons)
- Malaysia (32.4 tons)
- China (17.3 tons)
- Qatar (14.8 tons)
- South Korea (5.7 tons)
- Brunei Darussalam (4.7 tons)
Preserved Salmon Imports in Singapore
In 2022, supplies from abroad of salmon (prepared or preserved) decreased by -10.1% to 130 tons, falling for the second consecutive year after two years of growth. Overall, imports continue to indicate a abrupt decline. The growth pace was the most rapid in 2020 with an increase of 67% against the previous year. As a result, imports attained the peak of 300 tons. From 2021 to 2022, the growth of imports failed to regain momentum.
In value terms, preserved salmon imports skyrocketed to $3.7M in 2022. In general, total imports indicated strong growth from 2019 to 2022: its value increased at an average annual rate of +14.3% 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 +49.2% against 2019 indices. As a result, imports attained the peak and are likely to continue growth in the immediate term.
| Import of Preserved Salmon in Singapore (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Thailand | 205 | 1,311 | 857 | 1,192 | 79.8% |
| Chile | 184 | 452 | 613 | 852 | 66.7% |
| Poland | 164 | 127 | 186 | 259 | 16.5% |
| United Kingdom | 624 | 283 | 220 | 215 | -29.9% |
| Norway | 216 | 90.5 | 30.6 | 174 | -7.0% |
| Hong Kong SAR | 104 | 2.0 | 92.0 | 128 | 7.2% |
| Belgium | 54.3 | 67.0 | 69.0 | 115 | 28.4% |
| Vietnam | 168 | 42.8 | 40.2 | 104 | -14.8% |
| Denmark | 13.5 | 26.9 | 41.6 | 83.2 | 83.3% |
| China | 48.8 | 27.9 | 4.8 | 67.4 | 11.4% |
| Taiwan (Chinese) | 2.3 | 1.0 | 4.8 | 67.1 | 207.8% |
| United States | 45.3 | 86.5 | 57.1 | 55.4 | 6.9% |
| Malaysia | 49.2 | 41.3 | 9.5 | 40.7 | -6.1% |
| Others | 581 | 558 | 383 | 318 | -18.2% |
| Total | 2,460 | 3,117 | 2,609 | 3,670 | 14.3% |
Top Suppliers of Preserved Salmon to Singapore in 2022:
- Thailand (53.7 tons)
- Chile (17.9 tons)
- Taiwan (Chinese) (6.5 tons)
- Vietnam (6.4 tons)
- China (6.1 tons)
- Belgium (5.7 tons)
- Poland (5.6 tons)
- Malaysia (4.4 tons)
- United Kingdom (4.3 tons)
- Norway (4.1 tons)
- Hong Kong SAR (4.1 tons)
- Denmark (2.2 tons)
- United States (2.1 tons)
This report provides an in-depth analysis of the preserved salmon 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 10202510 - Prepared or preserved salmon, whole or in pieces (excluding minced products and prepared meals and dishes)
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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