Singapore - Tuna (Prepared Or Preserved) - Market Analysis, Forecast, Size, Trends And Insights
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View PricingPreserved Tuna Price in Singapore - 2022
Contents:
- Preserved Tuna Price in Singapore (CIF) - 2022
- Preserved Tuna Price in Singapore (FOB) - 2022
- Preserved Tuna Imports in Singapore
- Preserved Tuna Exports in Singapore
Preserved Tuna Price in Singapore (CIF) - 2022
In September 2022, the average preserved tuna import price amounted to $7,126 per ton, shrinking by -16.9% against the previous month. Over the last twelve-month period, it increased at an average monthly rate of +2.3%. The pace of growth was the most pronounced in February 2022 an increase of 17% m-o-m. The import price peaked at $8,580 per ton in August 2022, and then declined remarkably in the following month.
Prices varied noticeably by the country of origin: the country with the highest price was South Korea ($11,126 per ton), while the price for the Philippines ($5,868 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 the Philippines (+6.0%), while the prices for the other major suppliers experienced more modest paces of growth.
Preserved Tuna Price in Singapore (FOB) - 2022
The average preserved tuna export price stood at $3,035 per ton in 2022, falling by -43.4% against the previous year. In general, the export price showed a abrupt decline. The most prominent rate of growth was recorded in 2021 an increase of 77%. The export price peaked at $5,580 per ton in 2015; however, from 2016 to 2022, the export prices stood at a somewhat lower figure.
There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Thailand ($8,580 per ton), while the average price for exports to Ghana ($2,405 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 Ghana (+10.8%), while the prices for the other major destinations experienced more modest paces of growth.
Preserved Tuna Imports in Singapore
In 2022, supplies from abroad of tuna (prepared or preserved) decreased by -1.4% to 2.1K tons, falling for the second consecutive year after two years of growth. Overall, imports saw a noticeable slump. The growth pace was the most rapid in 2020 with an increase of 177% against the previous year. As a result, imports attained the peak of 6.5K tons. From 2021 to 2022, the growth of imports failed to regain momentum.
In value terms, preserved tuna imports declined to $11M in 2022. In general, imports saw a noticeable contraction. The most prominent rate of growth was recorded in 2020 with an increase of 151% against the previous year. As a result, imports reached the peak of $29M. From 2021 to 2022, the growth of imports remained at a lower figure.
| Import of Preserved Tuna in Singapore (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Thailand | 8.3 | 17.2 | 8.9 | 7.6 | -2.9% |
| Philippines | 1.0 | 2.3 | 0.6 | 1.1 | 3.2% |
| Malaysia | 0.7 | 0.6 | 0.7 | 0.6 | -5.0% |
| Australia | 0.2 | 0.4 | 0.2 | 0.4 | 26.0% |
| Indonesia | 0.2 | 0.7 | 0.3 | 0.2 | 0.0% |
| Vietnam | 0.1 | 4.1 | 0.1 | 0.1 | 0.0% |
| China | 0.3 | 2.8 | 0.1 | N/A | -42.3% |
| Others | 0.8 | 1.2 | 1.2 | 1.0 | 7.7% |
| Total | 11.7 | 29.3 | 12.0 | 11.0 | -2.0% |
Top Suppliers of Preserved Tuna to Singapore in 2022:
- Thailand (1538.5 tons)
- Philippines (263.4 tons)
- Malaysia (126.9 tons)
- Australia (50.3 tons)
- Indonesia (34.3 tons)
- Vietnam (29.3 tons)
- China (0.5 tons)
Preserved Tuna Exports in Singapore
In 2022, approx. 304 tons of tuna (prepared or preserved) were exported from Singapore; growing by 373% against 2021 figures. Overall, exports continue to indicate buoyant growth.
In value terms, preserved tuna exports soared to $922K in 2022. Over the period under review, exports enjoyed a mild increase.
| Export of Preserved Tuna in Singapore (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Vanuatu | 243 | 596 | N/A | 424 | 20.4% |
| South Korea | 35.7 | 28.6 | 9.1 | 122 | 50.6% |
| Brunei Darussalam | 77.0 | 54.9 | 37.2 | 84.3 | 3.1% |
| Ghana | N/A | N/A | N/A | 44.0 | 0% |
| Sri Lanka | 47.0 | 24.0 | 18.5 | 36.2 | -8.3% |
| Liberia | N/A | N/A | N/A | 34.9 | 0% |
| Hong Kong SAR | 13.1 | 64.3 | 2.6 | 28.1 | 29.0% |
| Malaysia | 102 | 148 | 26.5 | 21.2 | -40.8% |
| Bangladesh | 65.7 | 40.1 | 9.1 | 20.9 | -31.7% |
| Papua New Guinea | 40.3 | 5.9 | N/A | N/A | -85.4% |
| Oman | 69.3 | 192 | 223 | N/A | 79.4% |
| Others | 188 | 136 | 18.6 | 106 | -17.4% |
| Total | 880 | 1,290 | 344 | 922 | 1.6% |
Top Export Markets for Preserved Tuna from Singapore in 2022:
- Vanuatu (168.0 tons)
- South Korea (43.5 tons)
- Ghana (18.3 tons)
- Brunei Darussalam (17.1 tons)
- Liberia (13.7 tons)
- Hong Kong SAR (8.8 tons)
- Sri Lanka (7.1 tons)
- Malaysia (3.5 tons)
- Bangladesh (3.0 tons)
This report provides an in-depth analysis of the preserved tuna 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 10202540 - Prepared or preserved tuna, skipjack and Atlantic bonito, w hole 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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