Price for Grapes; Fresh or Dried in Singapore - 2022
Contents:
- Price for Grapes; Fresh or Dried in Singapore (CIF) - 2022
- Price for Grapes; Fresh or Dried in Singapore (FOB) - 2022
- Imports of Grapes; Fresh or Dried in Singapore
- Exports of Grapes; Fresh or Dried in Singapore
Price for Grapes; Fresh or Dried in Singapore (CIF) - 2022
In September 2022, the average grapes; fresh or dried import price amounted to $5,726 per ton, reducing by -5.9% against the previous month. Over the last eight months, it increased at an average monthly rate of +2.4%. The most prominent rate of growth was recorded in July 2022 when the average import price increased by 21% against the previous month. The import price peaked at $6,082 per ton in August 2022, and then reduced in the following month.
Prices varied noticeably by the country of origin: the country with the highest price was Australia ($12,474 per ton), while the price for South Africa ($1,802 per ton) was amongst the lowest.
From January 2022 to September 2022, the most notable rate of growth in terms of prices was attained by Australia (+6.1%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Grapes; Fresh or Dried in Singapore (FOB) - 2022
The average grapes; fresh or dried export price stood at $4,623 per ton in September 2022, waning by -12.4% against the previous month. Overall, the export price, however, continues to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in August 2022 an increase of 28% against the previous month. As a result, the export price reached the peak level of $5,279 per ton, and then shrank in the following month.
Prices varied noticeably by the country of destination: the country with the highest price was Brunei Darussalam ($6,042 per ton), while the average price for exports to Fiji ($2,508 per ton) was amongst the lowest.
From January 2022 to September 2022, the most notable rate of growth in terms of prices was recorded for supplies to Vietnam (+2.5%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Grapes; Fresh or Dried in Singapore
In 2022, purchases abroad of grapes; fresh or drieds was finally on the rise to reach 19K tons for the first time since 2019, thus ending a two-year declining trend. The total import volume increased at an average annual rate of +2.4% over the period from 2019 to 2022; the trend pattern remained relatively stable, with only minor fluctuations being recorded throughout the analyzed period. As a result, imports attained the peak and are likely to continue growth in the immediate term.
In value terms, grapes; fresh or dried imports rose significantly to $68M in 2022. The total import value increased at an average annual rate of +6.6% over the period from 2019 to 2022; the trend pattern remained consistent, with somewhat noticeable fluctuations being observed throughout the analyzed period. As a result, imports reached the peak and are likely to continue growth in the immediate term.
| Import of Grapes; Fresh or Dried in Singapore (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 18.1 | 19.9 | 21.1 | 18.8 | 1.3% |
| Australia | 11.4 | 11.1 | 7.2 | 13.1 | 4.7% |
| South Africa | 10.4 | 8.3 | 9.7 | 10.1 | -1.0% |
| China | 1.5 | 4.0 | 6.0 | 7.6 | 71.8% |
| Egypt | 6.0 | 4.4 | 5.8 | 5.1 | -5.3% |
| India | 0.6 | 0.7 | 1.5 | 2.2 | 54.2% |
| Spain | 1.3 | 1.0 | 1.5 | 1.6 | 7.2% |
| Chile | 1.1 | 0.5 | 0.9 | 0.3 | -35.2% |
| Others | 5.6 | 7.3 | 8.3 | 9.1 | 17.6% |
| Total | 56.0 | 57.0 | 62.0 | 67.8 | 6.6% |
Top Suppliers of Grapes; Fresh or Dried to Singapore in 2022:
- South Africa (3.8K tons)
- Australia (3.7K tons)
- United States (3.7K tons)
- China (2.2K tons)
- Egypt (2.1K tons)
- India (1.1K tons)
- Spain (0.6K tons)
- Chile (0.1K tons)
Exports of Grapes; Fresh or Dried in Singapore
In 2022, exports of grapes; fresh or drieds from Singapore soared to 3K tons, rising by 30% compared with the year before. Over the period under review, total exports indicated a strong expansion from 2019 to 2022: its volume increased at an average annual rate of +10.4% 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 +54.4% against 2020 indices. As a result, the exports attained the peak and are likely to continue growth in the immediate term.
In value terms, grapes; fresh or dried exports skyrocketed to $9.4M in 2022. The total export value increased at an average annual rate of +8.8% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2021 with an increase of 23% against the previous year. The exports peaked in 2022 and are expected to retain growth in the immediate term.
| Export of Grapes; Fresh or Dried in Singapore (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Malaysia | 3.4 | 2.0 | 3.4 | 4.7 | 11.4% |
| Indonesia | 1.2 | 1.2 | 1.6 | 1.9 | 16.6% |
| Brunei Darussalam | 1.6 | 2.0 | 2.0 | 1.7 | 2.0% |
| Vietnam | 0.1 | N/A | 0.1 | 0.5 | 71.0% |
| Timor-Leste | 0.1 | 0.1 | 0.2 | 0.2 | 26.0% |
| Fiji | N/A | 0.1 | 0.1 | 0.1 | 0.0% |
| Cambodia | 0.4 | 0.2 | 0.1 | N/A | -50.0% |
| Others | 0.4 | 0.6 | 0.3 | 0.2 | -20.6% |
| Total | 7.3 | 6.2 | 7.7 | 9.4 | 8.8% |
Top Export Markets for Grapes; Fresh or Dried from Singapore in 2022:
- Malaysia (1566.9 tons)
- Indonesia (653.4 tons)
- Brunei Darussalam (422.4 tons)
- Vietnam (150.9 tons)
- Timor-Leste (57.4 tons)
- Fiji (46.0 tons)
- Cambodia (7.0 tons)
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This report provides an in-depth analysis of the dried grapes market in Singapore.
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This report provides an in-depth analysis of the global dried grapes market.
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