Price for Poultry; Live, Ducks, Geese, Turkeys and Guinea Fowls, Weighing More than 185g in Singapore - 2022

Contents:

1. Price for Poultry; Live, Ducks, Geese, Turkeys and Guinea Fowls, Weighing More than 185g in Singapore (CIF) - 2022
2. Imports of Poultry; Live, Ducks, Geese, Turkeys and Guinea Fowls, Weighing More than 185g in Singapore

Price for Poultry; Live, Ducks, Geese, Turkeys and Guinea Fowls, Weighing More than 185g in Singapore (CIF) - 2022

The average import price for poultry; live, ducks, geese, turkeys and guinea fowls, weighing more than 185g meat stood at $10.7 per unit in September 2022, remaining stable against the previous month. Over the period under review, import price indicated a tangible expansion from September 2021 to September 2022: its price increased at an average monthly rate of +4.2% over the last twelve-month period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on September 2022 figures, import price for poultry; live, ducks, geese, turkeys and guinea fowls, weighing more than 185g meat decreased by -0.0% against June 2022 indices. The pace of growth appeared the most rapid in January 2022 an increase of 38% month-to-month. Over the period under review, average import prices reached the peak figure at $10.7 per unit in June 2022; afterwards, it flattened through to September 2022.

As there is only one major supplying country, the average price level is determined by prices for Malaysia.

From September 2021 to September 2022, the rate of growth in terms of prices for Malaysia amounted to +4.2% per month.

Imports of Poultry; Live, Ducks, Geese, Turkeys and Guinea Fowls, Weighing More than 185g in Singapore

Imports of poultry; live, ducks, geese, turkeys and guinea fowls, weighing more than 185g meat into Singapore reached 5.3M units in 2022, remaining relatively unchanged against 2021 figures. Over the period under review, imports, however, showed a relatively flat trend pattern. The growth pace was the most rapid in 2021 when imports increased by 6.9% against the previous year. Over the period under review, imports of hit record highs at 5.3M units in 2019; afterwards, it flattened through to 2022.

In value terms, imports of poultry; live, ducks, geese, turkeys and guinea fowls, weighing more than 185g meat soared to $39M in 2022. The total import value increased at an average annual rate of +5.6% from 2019 to 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations throughout the analyzed period. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Top Suppliers of Poultry; Live, Ducks, Geese, Turkeys and Guinea Fowls, Weighing More than 185g to Singapore in 2022:

1. Malaysia (5.3M units)

Source: IndexBox Market Intelligence Platform