Price for Homogenised Composite Food Preparations in Singapore - 2022

Contents:

1. Price for Homogenised Composite Food Preparations in Singapore (CIF) - 2022
2. Price for Homogenised Composite Food Preparations in Singapore (FOB) - 2022
3. Imports of Homogenised Composite Food Preparations in Singapore
4. Exports of Homogenised Composite Food Preparations in Singapore

Price for Homogenised Composite Food Preparations in Singapore (CIF) - 2022

In 2022, the average homogenised composite food preparations import price amounted to $8,612 per ton, falling by -2.1% against the previous year. Over the last decade, it increased at an average annual rate of +1.1%. The pace of growth appeared the most rapid in 2016 an increase of 12% against the previous year. The import price peaked at $9,124 per ton in 2017; however, from 2018 to 2022, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was the UK ($13,706 per ton), while the price for Indonesia ($2,502 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by India (+4.5%), while the prices for the other major suppliers experienced more modest paces of growth.

Price for Homogenised Composite Food Preparations in Singapore (FOB) - 2022

In 2022, the average homogenised composite food preparations export price amounted to $6,572 per ton, reducing by -21.3% against the previous year. In general, the export price, however, continues to indicate a prominent increase. The most prominent rate of growth was recorded in 2021 an increase of 93%. As a result, the export price reached the peak level of $8,348 per ton, and then declined significantly in the following year.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Malaysia ($10,615 per ton), while the average price for exports to Indonesia ($4,314 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 Malaysia (+12.0%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Homogenised Composite Food Preparations in Singapore

In 2022, imports of homogenised composite food preparationses into Singapore skyrocketed to 586 tons, increasing by 136% against 2021. Overall, imports enjoyed a significant increase. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, homogenised composite food preparations imports surged to $5M in 2022. In general, imports recorded a significant expansion. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Top Suppliers of Homogenised Composite Food Preparations to Singapore in 2022:

1. Japan (177.2 tons)
2. United States (149.5 tons)
3. Malaysia (60.1 tons)
4. China (42.3 tons)
5. United Kingdom (35.5 tons)
6. Indonesia (23.0 tons)
7. New Zealand (22.0 tons)
8. Germany (21.5 tons)
9. India (18.0 tons)
10. Australia (11.5 tons)

Exports of Homogenised Composite Food Preparations in Singapore

In 2022, the amount of homogenised composite food preparationses exported from Singapore surged to 53 tons, rising by 803% against 2021. Over the period under review, exports showed a significant expansion. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

In value terms, homogenised composite food preparations exports surged to $349K in 2022. In general, exports recorded a significant increase. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Top Export Markets for Homogenised Composite Food Preparations from Singapore in 2022:

1. Myanmar (28.5 tons)
2. Indonesia (17.9 tons)
3. Malaysia (6.8 tons)