Singapore - Condensed Or Evaporated Milk (Unsweetened) - Market Analysis, Forecast, Size, Trends And Insights
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View PricingPrice for Unsweetened Condensed and Evaporated Milk in Singapore - 2022
Contents:
- Price for Unsweetened Condensed and Evaporated Milk in Singapore (FOB) - 2022
- Price for Unsweetened Condensed and Evaporated Milk in Singapore (CIF) - 2022
- Exports of Unsweetened Condensed and Evaporated Milk in Singapore
- Imports of Unsweetened Condensed and Evaporated Milk in Singapore
Price for Unsweetened Condensed and Evaporated Milk in Singapore (FOB) - 2022
In 2022, the average export price for condensed or evaporated milk (unsweetened) amounted to $2,331 per ton, with an increase of 4.8% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +1.4%. The pace of growth appeared the most rapid in 2020 when the average export price increased by 15%. Over the period under review, the average export prices reached the peak figure at $2,332 per ton in 2014; afterwards, it flattened through to 2022.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Myanmar ($11,190 per ton), while the average price for exports to Taiwan (Chinese) ($1,792 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 Myanmar (+19.2%), while the prices for the other major destinations experienced more modest paces of growth.
Price for Unsweetened Condensed and Evaporated Milk in Singapore (CIF) - 2022
In September 2022, the average import price for condensed or evaporated milk (unsweetened) amounted to $3,407 per ton, rising by 43% against the previous month. Over the period under review, import price indicated a prominent increase from September 2021 to September 2022: its price increased at an average monthly rate of +6.0% over the last twelve months. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on September 2022 figures, unsweetened condensed and evaporated milk import price increased by +42.5% against August 2022 indices. The growth pace was the most rapid in January 2022 when the average import price increased by 63% m-o-m. The import price peaked in September 2022.
There were significant differences in the average prices amongst the major supplying countries. In September 2022, the country with the highest price was Malaysia ($11,410 per ton), while the price for Australia ($1,934 per ton) was amongst the lowest.
From September 2021 to September 2022, the most notable rate of growth in terms of prices was attained by the Netherlands (+15.9%), while the prices for the other major suppliers experienced more modest paces of growth.
Exports of Unsweetened Condensed and Evaporated Milk in Singapore
In 2022, approx. 498 tons of condensed or evaporated milk (unsweetened) were exported from Singapore; waning by -49.7% on 2021 figures. In general, exports saw a significant decrease. The pace of growth appeared the most rapid in 2021 when exports increased by 46%.
In value terms, unsweetened condensed and evaporated milk exports declined remarkably to $1.2M in 2022. Over the period under review, exports faced a sharp decline. The pace of growth appeared the most rapid in 2021 with an increase of 50% against the previous year.
Export of Unsweetened Condensed and Evaporated Milk in Singapore (Thousand USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Kuwait | 1,086 | 328 | 611 | 311 | -34.1% |
Sri Lanka | 492 | 225 | 756 | 235 | -21.8% |
Hong Kong SAR | 299 | 246 | 251 | 234 | -7.8% |
Brunei Darussalam | 111 | 122 | 127 | 128 | 4.9% |
Thailand | 124 | 122 | 181 | 88.7 | -10.6% |
Philippines | 26.5 | 63.0 | 64.5 | 74.9 | 41.4% |
Taiwan (Chinese) | 42.1 | 43.2 | 42.8 | 40.5 | -1.3% |
Cameroon | 231 | N/A | N/A | N/A | 0% |
United Arab Emirates | 91.2 | N/A | N/A | N/A | 0% |
Others | 94.1 | 315 | 170 | 49.8 | -19.1% |
Total | 2,598 | 1,464 | 2,202 | 1,161 | -23.5% |
Top Export Markets for Unsweetened Condensed and Evaporated Milk from Singapore in 2022:
- Kuwait (144.4 tons)
- Hong Kong SAR (104.2 tons)
- Sri Lanka (96.4 tons)
- Brunei Darussalam (51.5 tons)
- Philippines (36.0 tons)
- Thailand (24.0 tons)
- Taiwan (Chinese) (22.6 tons)
Imports of Unsweetened Condensed and Evaporated Milk in Singapore
In 2022, unsweetened condensed and evaporated milk imports into Singapore soared to 1.1K tons, rising by 18% against the year before. Overall, imports, however, showed a deep contraction.
In value terms, unsweetened condensed and evaporated milk imports skyrocketed to $2.1M in 2022. In general, imports, however, saw a drastic downturn.
Import of Unsweetened Condensed and Evaporated Milk in Singapore (Thousand USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Thailand | 796 | 666 | 742 | 777 | -0.8% |
New Zealand | 562 | 302 | 281 | 510 | -3.2% |
Australia | 73.1 | 79.9 | 123 | 266 | 53.8% |
Netherlands | 234 | 222 | 71.2 | 251 | 2.4% |
Malaysia | 735 | 40.7 | 97.7 | 77.9 | -52.7% |
Germany | 32.1 | 54.4 | 80.8 | 60.6 | 23.6% |
Poland | N/A | N/A | N/A | 16.1 | 0% |
Others | 200 | 223 | 374 | 142 | -10.8% |
Total | 2,632 | 1,589 | 1,770 | 2,101 | -7.2% |
Top Suppliers of Unsweetened Condensed and Evaporated Milk to Singapore in 2022:
- Thailand (513.0 tons)
- Australia (202.6 tons)
- New Zealand (139.1 tons)
- Netherlands (112.5 tons)
- Malaysia (34.0 tons)
- Germany (33.4 tons)
- Poland (20.2 tons)
This report provides an in-depth analysis of the market for unsweetened condensed and evaporated milk in Singapore. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.
Product coverage:
- FCL 894 - Whole Milk, Evaporated
- FCL 895 - Skim Milk, Evaporated
Country coverage:
- Singapore
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in Singapore
- Export and import prices
- Market trends, drivers and restraints
- Key market players and their profiles
Reasons to buy this report:
- Take advantage of the latest data
- Find deeper insights into current market developments
- Discover vital success factors affecting the market
This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.
In this report, you can find information that helps you to make informed decisions on the following issues:
- How to diversify your business and benefit from new market opportunities
- How to load your idle production capacity
- How to boost your sales on overseas markets
- How to increase your profit margins
- How to make your supply chain more sustainable
- How to reduce your production and supply chain costs
- How to outsource production to other countries
- How to prepare your business for global expansion
While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
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2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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5. MOST PROMISING SUPPLYING COUNTRIES
Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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10. PROFILES OF MAJOR PRODUCERS
The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO -
LIST OF TABLES
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption In 2012-2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
- Trade Balance, In Physical Terms, 2012-2023
- Trade Balance, In Value Terms, 2012-2023
- Per Capita Consumption, 2012-2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
This report provides an in-depth analysis of the market for unsweetened condensed and evaporated milk in Singapore.
This report provides an in-depth analysis of the market for evaporated and condensed milk in Singapore.
This report provides an in-depth analysis of the market for powdered, condensed or evaporated milk in Singapore.
This report provides an in-depth analysis of the market for sweetened condensed and evaporated milk in Singapore.
This report provides an in-depth analysis of the powdered milk market in Singapore.
This report provides an in-depth analysis of the skim powdered milk market in Singapore.
This report provides an in-depth analysis of the market for powdered, evaporated and condensed milk in Singapore.
This report provides an in-depth analysis of the whole powdered milk market in Singapore.
This report provides an in-depth analysis of the global market for unsweetened condensed and evaporated milk.
This report provides an in-depth analysis of the global market for evaporated and condensed milk.
New Zealand seized control of the market for evaporated and condensed milk. In 2014, New Zealand exported X thousand tons of evaporated and condensed milk totaling X million USD, X% over the previous year. Its primary trading partner was Chin
Germany dominates in the global skimmed milk trade. In 2014, Germany exported X thousand tons of skimmed milk totaling X million USD, X% under the previous year. Its primary trading partner was Italy, where it supplied X% of its total skimmed mi
Explore the top import markets for powdered milk and discover key statistics and numbers showcasing the global trade in this sector. China, Algeria, Indonesia, Mexico, United Arab Emirates, Philippines, Netherlands, Malaysia, Belgium, and Thailand are the leading countries in the import value of powdered milk.
Explore the top import markets for powdered, evaporated, and condensed milk in the world. Learn about the countries with the highest import values and key statistics. Find out how IndexBox market intelligence platform provides valuable insights.
New Zealand seized control of the market for evaporated and condensed milk. In 2014, New Zealand exported X thousand tons of evaporated and condensed milk totaling X million USD, X% over the previous year. Its primary trading partner was Chin
Germany dominates in the global skimmed milk trade. In 2014, Germany exported X thousand tons of skimmed milk totaling X million USD, X% under the previous year. Its primary trading partner was Italy, where it supplied X% of its total skimmed mi
Explore the top import markets for powdered milk and discover key statistics and numbers showcasing the global trade in this sector. China, Algeria, Indonesia, Mexico, United Arab Emirates, Philippines, Netherlands, Malaysia, Belgium, and Thailand are the leading countries in the import value of powdered milk.
Explore the top import markets for powdered, evaporated, and condensed milk in the world. Learn about the countries with the highest import values and key statistics. Find out how IndexBox market intelligence platform provides valuable insights.