Price for Fish; Edible Offal, Shark Fins in Singapore - 2022

Contents:

1. Price for Fish; Edible Offal, Shark Fins in Singapore (CIF) - 2022
2. Price for Fish; Edible Offal, Shark Fins in Singapore (FOB) - 2022
3. Imports of Fish; Edible Offal, Shark Fins in Singapore
4. Exports of Fish; Edible Offal, Shark Fins in Singapore

Price for Fish; Edible Offal, Shark Fins in Singapore (CIF) - 2022

The average import price for fish; edible offal, shark finses stood at $70,434 per ton in September 2022, which is down by -34% against the previous month. Over the period under review, the import price saw a slight curtailment. The growth pace was the most rapid in February 2022 when the average import price increased by 98% against the previous month. The import price peaked at $146K per ton in June 2022; however, from July 2022 to September 2022, import prices stood at a somewhat lower figure.

Prices varied noticeably by the country of origin: the country with the highest price was Peru ($76,885 per ton), while the price for Taiwan (Chinese) ($39,570 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 India (+8.0%), while the prices for the other major suppliers experienced more modest paces of growth.

Price for Fish; Edible Offal, Shark Fins in Singapore (FOB) - 2022

The average export price for fish; edible offal, shark finses stood at $66,011 per ton in 2022, with a decrease of -24% against the previous year. In general, the export price, however, saw a resilient expansion. The pace of growth was the most pronounced in 2018 when the average export price increased by 185% against the previous year. The export price peaked at $86,911 per ton in 2021, and then reduced notably in the following year.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Hong Kong SAR ($68,083 per ton), while the average price for exports to Japan ($15,331 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 Philippines (+24.3%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Fish; Edible Offal, Shark Fins in Singapore

Fish; edible offal, shark fins imports into Singapore soared to 269 tons in 2022, jumping by 35% against the year before. Over the period under review, total imports indicated prominent growth from 2019 to 2022: its volume increased at an average annual rate of +7.9% 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 +47.8% against 2020 indices. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, fish; edible offal, shark fins imports surged to $18M in 2022. In general, imports posted a significant expansion. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Top Suppliers of Fish; Edible Offal, Shark Fins to Singapore in 2022:

1. Peru (95.4 tons)
2. Taiwan (Chinese) (35.7 tons)
3. Hong Kong SAR (19.4 tons)
4. China (16.0 tons)
5. Sri Lanka (16.0 tons)
6. Yemen (15.3 tons)
7. Morocco (9.8 tons)
8. Japan (9.7 tons)
9. Mauritania (8.2 tons)
10. South Korea (6.6 tons)
11. Philippines (6.5 tons)
12. Vietnam (6.2 tons)
13. British Indian Ocean Territory (4.5 tons)

Exports of Fish; Edible Offal, Shark Fins in Singapore

In 2022, approx. 210 tons of fish; edible offal, shark finses were exported from Singapore; picking up by 69% on the previous year. Over the period under review, total exports indicated a resilient expansion from 2019 to 2022: its volume increased at an average annual rate of +15.3% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

In value terms, fish; edible offal, shark fins exports surged to $14M in 2022. In general, total exports indicated resilient growth from 2019 to 2022: its value increased at an average annual rate of +16.1% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +64.0% against 2020 indices. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Top Export Markets for Fish; Edible Offal, Shark Fins from Singapore in 2022:

1. Hong Kong SAR (104.3 tons)
2. China (94.3 tons)
3. Malaysia (7.3 tons)

Source: IndexBox Market Intelligence Platform