Price for Plants, Live; Unrooted Cuttings and Slips in Singapore - 2022

Contents:

1. Price for Plants, Live; Unrooted Cuttings and Slips in Singapore (FOB) - 2022
2. Price for Plants, Live; Unrooted Cuttings and Slips in Singapore (CIF) - 2022
3. Exports of Plants, Live; Unrooted Cuttings and Slips in Singapore
4. Imports of Plants, Live; Unrooted Cuttings and Slips in Singapore

Price for Plants, Live; Unrooted Cuttings and Slips in Singapore (FOB) - 2022

The average export price for plants, live; unrooted cuttings and slipses stood at $0.7 per unit in 2022, surging by 1.5% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +2.0%. The most prominent rate of growth was recorded in 2017 an increase of 25%. As a result, the export price attained the peak level of $0.7 per unit. From 2018 to 2022, the average export prices failed to regain momentum.

There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Canada ($1 per unit), while the average price for exports to Japan ($0.1 per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Malaysia (+6.1%), while the prices for the other major destinations experienced a decline.

Price for Plants, Live; Unrooted Cuttings and Slips in Singapore (CIF) - 2022

The average import price for plants, live; unrooted cuttings and slipses stood at $0.3 per unit in 2022, growing by 75% against the previous year. In general, the import price, however, continues to indicate a noticeable setback. Over the period under review, average import prices hit record highs at $0.4 per unit in 2012; however, from 2013 to 2022, import prices stood at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Indonesia ($3.7 per unit), while the price for China ($0.1 per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Indonesia (+42.2%), while the prices for the other major suppliers experienced mixed trend patterns.

Exports of Plants, Live; Unrooted Cuttings and Slips in Singapore

In 2022, exports of plants, live; unrooted cuttings and slipses from Singapore soared to 144K units, rising by 2,402% on 2021. Overall, exports continue to indicate a significant increase. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

In value terms, exports of plants, live; unrooted cuttings and slipses surged to $101K in 2022. Over the period under review, exports continue to indicate significant growth. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Top Export Markets for Plants, Live; Unrooted Cuttings and Slips from Singapore in 2022:

1. Canada (82.8K units)
2. Japan (22.8K units)
3. United Kingdom (21.5K units)
4. Netherlands (12.3K units)
5. Indonesia (0.4K units)

Imports of Plants, Live; Unrooted Cuttings and Slips in Singapore

In 2022, approx. 131K units of plants, live; unrooted cuttings and slipses were imported into Singapore; picking up by 169% compared with 2021. In general, imports posted a significant increase. The pace of growth appeared the most rapid in 2020 when imports increased by 1,024% against the previous year. Imports peaked in 2022 and are likely to continue growth in the near future.

In value terms, imports of plants, live; unrooted cuttings and slipses skyrocketed to $38K in 2022. Overall, imports recorded a significant expansion. The pace of growth was the most pronounced in 2020 with an increase of 859%. Over the period under review, imports of reached the maximum in 2022 and are expected to retain growth in the immediate term.

Top Suppliers of Plants, Live; Unrooted Cuttings and Slips to Singapore in 2022:

1. China (49.5K units)
2. Taiwan (Chinese) (48.7K units)
3. Ecuador (24.8K units)
4. Thailand (7.3K units)
5. Indonesia (0.2K units)

Source: IndexBox Market Intelligence Platform