Price for Mollusc Preparations; Oysters, Prepared or Preserved in Singapore - 2023
Contents:
- Price for Mollusc Preparations; Oysters, Prepared or Preserved in Singapore (CIF) - 2022
- Price for Mollusc Preparations; Oysters, Prepared or Preserved in Singapore (FOB) - 2022
- Imports of Mollusc Preparations; Oysters, Prepared or Preserved in Singapore
- Exports of Mollusc Preparations; Oysters, Prepared or Preserved in Singapore
Price for Mollusc Preparations; Oysters, Prepared or Preserved in Singapore (CIF) - 2022
The average import price for mollusc preparations; oysters, prepared or preserveds stood at $7,036 per ton in 2022, which is down by -6.9% against the previous year. Overall, import price indicated notable growth from 2012 to 2022: its price increased at an average annual rate of +2.0% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, import price for mollusc preparations; oysters, prepared or preserveds increased by +88.2% against 2017 indices. The pace of growth was the most pronounced in 2020 when the average import price increased by 41% against the previous year. Over the period under review, average import prices attained the peak figure at $7,556 per ton in 2021, and then fell in the following year.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was South Korea ($15,846 per ton), while the price for Hong Kong SAR ($1,537 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by South Korea (+5.1%), while the prices for the other major suppliers experienced a decline.
Price for Mollusc Preparations; Oysters, Prepared or Preserved in Singapore (FOB) - 2022
In 2022, the average export price for mollusc preparations; oysters, prepared or preserveds amounted to $16,558 per ton, shrinking by -3.4% against the previous year. Over the period under review, the export price, however, continues to indicate a pronounced expansion. The most prominent rate of growth was recorded in 2018 an increase of 74%. The export price peaked at $17,663 per ton in 2020; however, from 2021 to 2022, the export prices remained at a lower figure.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was China ($55,434 per ton), while the average price for exports to Brunei Darussalam ($11,354 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 Vietnam (+131.9%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Mollusc Preparations; Oysters, Prepared or Preserved in Singapore
In 2022, after two years of decline, there was significant growth in purchases abroad of mollusc preparations; oysters, prepared or preserveds, when their volume increased by 18% to 90 tons. In general, imports, however, showed a precipitous contraction.
In value terms, imports of mollusc preparations; oysters, prepared or preserveds rose significantly to $634K in 2022. Over the period under review, imports, however, saw a abrupt curtailment. The most prominent rate of growth was recorded in 2021 when imports increased by 11%.
| Import of Mollusc Preparations; Oysters, Prepared or Preserved in Singapore (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Japan | 195 | 234 | 353 | 375 | 24.4% |
| China | 584 | 241 | 183 | 205 | -29.5% |
| South Korea | 6.6 | 18.1 | 21.0 | 24.2 | 54.2% |
| Hong Kong SAR | N/A | 1.0 | N/A | 10.8 | 228.6% |
| Others | 42.9 | 27.9 | 19.3 | 19.0 | -23.8% |
| Total | 829 | 522 | 577 | 634 | -8.6% |
Top Suppliers of Mollusc Preparations; Oysters, Prepared or Preserved to Singapore in 2022:
- China (52.5 tons)
- Japan (28.2 tons)
- Hong Kong SAR (7.0 tons)
- South Korea (1.5 tons)
Exports of Mollusc Preparations; Oysters, Prepared or Preserved in Singapore
In 2022, the amount of mollusc preparations; oysters, prepared or preserveds exported from Singapore soared to 3.3 tons, jumping by 58% against 2021. Over the period under review, exports recorded a significant expansion. The most prominent rate of growth was recorded in 2021 when exports increased by 95%. Over the period under review, the exports of attained the maximum in 2022 and are expected to retain growth in the near future.
In value terms, exports of mollusc preparations; oysters, prepared or preserveds skyrocketed to $54K in 2022. Overall, exports posted a significant expansion. The most prominent rate of growth was recorded in 2021 when exports increased by 89% against the previous year. The exports peaked in 2022 and are expected to retain growth in years to come.
| Export of Mollusc Preparations; Oysters, Prepared or Preserved in Singapore (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Malaysia | 14.1 | 14.9 | 31.0 | 47.2 | 49.6% |
| Brunei Darussalam | 0.9 | 1.7 | 3.0 | 3.9 | 63.0% |
| China | N/A | N/A | N/A | 2.9 | 0% |
| Others | 0.5 | 2.2 | 1.6 | 0.2 | -26.3% |
| Total | 15.5 | 18.8 | 35.6 | 54.2 | 51.8% |
Top Export Markets for Mollusc Preparations; Oysters, Prepared or Preserved from Singapore in 2022:
- Malaysia (2873.0 kg)
- Brunei Darussalam (342.0 kg)
- China (53.0 kg)
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