Report Update: May 1, 2024

Singapore - Fresh Or Chilled Salmonoids Fillets - Market Analysis, Forecast, Size, Trends And Insights

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Price for Fresh or Chilled Salmonoids Fillets in Singapore - 2022

Price for Fresh or Chilled Salmonoids Fillets in Singapore (CIF) - 2022

In September 2022, the average import price for fresh or chilled salmonoids fillets amounted to $13,419 per ton, declining by -8.8% against the previous month. Overall, the import price, however, enjoyed a noticeable expansion. The pace of growth appeared the most rapid in January 2022 when the average import price increased by 39% month-to-month. The import price peaked at $23,330 per ton in April 2022; however, from May 2022 to September 2022, import prices remained at a lower figure.

Average prices varied noticeably amongst the major supplying countries. In September 2022, the country with the highest price was Norway ($13,429 per ton), while the price for Australia totaled $12,157 per ton.

From September 2021 to September 2022, the most notable rate of growth in terms of prices was attained by Australia (+3.5%).

Price for Fresh or Chilled Salmonoids Fillets in Singapore (FOB) - 2022

In 2022, the average export price for fresh or chilled salmonoids fillets amounted to $11,327 per ton, rising by 35% against the previous year. Over the last decade, it increased at an average annual rate of +3.8%. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.

Average prices varied somewhat for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Brunei Darussalam ($13,321 per ton), while the average price for exports to Malaysia ($9,331 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 Indonesia (+5.7%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Fresh or Chilled Salmonoids Fillets in Singapore

In 2022, approx. 1.4K tons of fresh or chilled salmonoids fillets were imported into Singapore; which is down by -31.1% against the previous year's figure. In general, imports continue to indicate a deep setback. The most prominent rate of growth was recorded in 2021 with an increase of 12% against the previous year.

In value terms, fresh or chilled salmonoids fillets imports declined to $17M in 2022. Overall, imports recorded a deep reduction. The most prominent rate of growth was recorded in 2021 when imports increased by 21% against the previous year.

Import of Fresh or Chilled Salmonoids Fillets in Singapore (Million USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
Norway	18.0	12.0	13.6	15.2	-5.5%
Australia	1.1	2.8	5.0	1.2	2.9%
Netherlands	1.5	0.6	N/A	N/A	-60.0%
Others	0.3	0.1	0.2	0.1	-30.7%
Total	20.9	15.5	18.7	16.6	-7.4%

Top Suppliers of Fresh or Chilled Salmonoids Fillets to Singapore in 2022:

Norway (1216.8 tons)
Australia (136.3 tons)

Exports of Fresh or Chilled Salmonoids Fillets in Singapore

In 2022, after three years of growth, there was significant decline in shipments abroad of fresh or chilled salmonoids fillets, when their volume decreased by -67% to 104 tons. In general, exports, however, saw significant growth. The pace of growth appeared the most rapid in 2021 when exports increased by 692% against the previous year. As a result, the exports attained the peak of 315 tons, and then dropped sharply in the following year.

In value terms, fresh or chilled salmonoids fillets exports declined notably to $1.2M in 2022. Overall, exports, however, enjoyed a significant increase. The growth pace was the most rapid in 2021 with an increase of 833%. As a result, the exports attained the peak of $2.6M, and then shrank markedly in the following year.

Export of Fresh or Chilled Salmonoids Fillets in Singapore (Thousand USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
Brunei Darussalam	265	N/A	194	506	24.1%
Malaysia	65.7	263	2,353	491	95.5%
Indonesia	18.6	11.9	96.7	170	109.1%
Others	26.5	8.3	1.2	8.8	-30.8%
Total	376	283	2,644	1,176	46.2%

Top Export Markets for Fresh or Chilled Salmonoids Fillets from Singapore in 2022:

Malaysia (52.6 tons)
Brunei Darussalam (38.0 tons)
Indonesia (12.8 tons)

Source: IndexBox Market Intelligence Platform

This report provides an in-depth analysis of the market for fresh or chilled salmonoids fillets 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:

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
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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.

1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business
1. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects
1. MARKET SIZE
2. MARKET STRUCTURE
3. TRADE BALANCE
4. PER CAPITA CONSUMPTION
5. MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. MOST PROFITABLE PRODUCT FOR EXPORT
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
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. TOP EXPORTING COUNTRIES
4. LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2023
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
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
1. Key Findings In 2023
2. Market Volume, In Physical Terms, 2012–2023
3. Market Value, 2012–2023
4. Per Capita Consumption In 2012-2023
5. Imports, In Physical Terms, By Country, 2012–2023
6. Imports, In Value Terms, By Country, 2012–2023
7. Import Prices, By Country Of Origin, 2012–2023
8. Exports, In Physical Terms, By Country, 2012–2023
9. Exports, In Value Terms, By Country, 2012–2023
10. Export Prices, By Country Of Destination, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
5. Trade Balance, In Physical Terms, 2012-2023
6. Trade Balance, In Value Terms, 2012-2023
7. Per Capita Consumption, 2012-2023
8. Market Volume Forecast to 2030
9. Market Value Forecast to 2030
10. Products: Market Size And Growth, By Type
11. Products: Average Per Capita Consumption, By Type
12. Products: Exports And Growth, By Type
13. Products: Export Prices And Growth, By Type
14. Production Volume And Growth
15. Exports And Growth
16. Export Prices And Growth
17. Market Size And Growth
18. Per Capita Consumption
19. Imports And Growth
20. Import Prices
21. Production, In Physical Terms, 2012–2023
22. Production, In Value Terms, 2012–2023
23. Imports, In Physical Terms, 2012–2023
24. Imports, In Value Terms, 2012–2023
25. Imports, In Physical Terms, By Country, 2023
26. Imports, In Physical Terms, By Country, 2012–2023
27. Imports, In Value Terms, By Country, 2012–2023
28. Import Prices, By Country Of Origin, 2012–2023
29. Exports, In Physical Terms, 2012–2023
30. Exports, In Value Terms, 2012–2023
31. Exports, In Physical Terms, By Country, 2023
32. Exports, In Physical Terms, By Country, 2012–2023
33. Exports, In Value Terms, By Country, 2012–2023
34. Export Prices, By Country Of Destination, 2012–2023