Price for Fresh or Chilled Lettuce, Other than Cabbage Lettuce in Singapore - 2022

Contents:

  1. Price for Fresh or Chilled Lettuce, Other than Cabbage Lettuce in Singapore (CIF) - 2022
  2. Price for Fresh or Chilled Lettuce, Other than Cabbage Lettuce in Singapore (FOB) - 2022
  3. Imports of Fresh or Chilled Lettuce, Other than Cabbage Lettuce in Singapore
  4. Exports of Fresh or Chilled Lettuce, Other than Cabbage Lettuce in Singapore

Price for Fresh or Chilled Lettuce, Other than Cabbage Lettuce in Singapore (CIF) - 2022

The average import price for fresh or chilled lettuce, other than cabbage lettuce stood at $2,773 per ton in September 2022, increasing by 3% against the previous month. Over the last twelve months, it increased at an average monthly rate of +2.5%. The growth pace was the most rapid in January 2022 an increase of 25% against the previous month. The import price peaked at $2,969 per ton in March 2022; however, from April 2022 to September 2022, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major supplying countries. In September 2022, the country with the highest price was the Netherlands ($15,820 per ton), while the price for Malaysia ($1,959 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 Australia (+3.7%), while the prices for the other major suppliers experienced more modest paces of growth.

Price for Fresh or Chilled Lettuce, Other than Cabbage Lettuce in Singapore (FOB) - 2022

In 2022, the average export price for fresh or chilled lettuce, other than cabbage lettuce amounted to $1,983 per ton, increasing by 4.7% against the previous year. Overall, export price indicated a noticeable increase from 2012 to 2022: its price increased at an average annual rate of +2.6% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, export price for fresh or chilled lettuce, other than cabbage lettuce decreased by -3.1% against 2020 indices. The growth pace was the most rapid in 2019 an increase of 28% against the previous year. Over the period under review, the average export prices reached the maximum at $2,047 per ton in 2020; afterwards, it flattened through to 2022.

Average prices varied somewhat for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Brunei Darussalam ($2,390 per ton), while the average price for exports to Indonesia ($1,636 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 Brunei Darussalam (+6.0%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Fresh or Chilled Lettuce, Other than Cabbage Lettuce in Singapore

For the fourth consecutive year, Singapore recorded growth in purchases abroad of fresh or chilled lettuce, other than cabbage lettuce, which increased by 5.8% to 8.1K tons in 2022. The total import volume increased at an average annual rate of +3.0% over the period from 2019 to 2022; the trend pattern remained consistent, with only minor fluctuations in certain years. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, imports of fresh or chilled lettuce, other than cabbage lettuce expanded markedly to $17M in 2022. The total import value increased at an average annual rate of +4.3% from 2019 to 2022; the trend pattern remained relatively stable, with only minor fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2020 when imports increased by 5.9%. Over the period under review, imports of reached the peak figure in 2022 and are expected to retain growth in the near future.

Import of Fresh or Chilled Lettuce, Other than Cabbage Lettuce in Singapore (Million USD)
COUNTRY2019202020212022CAGR,
2019-2022
Malaysia8.48.26.87.6-3.3%
China1.42.02.83.130.3%
Netherlands1.82.42.72.917.2%
Australia2.21.72.11.3-16.1%
Others1.01.31.41.821.6%
Total14.715.615.816.74.3%

Top Suppliers of Fresh or Chilled Lettuce, Other than Cabbage Lettuce to Singapore in 2022:

  1. Malaysia (5.4K tons)
  2. China (1.9K tons)
  3. Australia (0.2K tons)
  4. Netherlands (0.2K tons)

Exports of Fresh or Chilled Lettuce, Other than Cabbage Lettuce in Singapore

In 2022, exports of fresh or chilled lettuce, other than cabbage lettuce from Singapore fell to 26 tons, shrinking by -11.8% against the year before. Overall, exports recorded a deep downturn. The pace of growth was the most pronounced in 2021 when exports increased by 1.3% against the previous year.

In value terms, exports of fresh or chilled lettuce, other than cabbage lettuce declined to $51K in 2022. Over the period under review, exports showed a abrupt downturn. The smallest decline of -6.2% was in 2021.

Export of Fresh or Chilled Lettuce, Other than Cabbage Lettuce in Singapore (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
Malaysia65.738.739.242.8-13.3%
Indonesia9.01.04.24.2-22.4%
Brunei Darussalam3.917.812.24.22.5%
Others1.61.7N/A0.2-50.0%
Total80.259.255.651.3-13.8%

Top Export Markets for Fresh or Chilled Lettuce, Other than Cabbage Lettuce from Singapore in 2022:

  1. Malaysia (21.5 tons)
  2. Indonesia (2.5 tons)
  3. Brunei Darussalam (1.8 tons)

Source: IndexBox Market Intelligence Platform

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