Price for Vegetables; olives, provisionally preserved but unsuitable in that state for immediate consumption in Singapore - 2023

Contents:

  1. Price for Vegetables; Olives, Provisionally Preserved But Unsuitable in That State for Immediate Consumption in Singapore (CIF) - 2022
  2. Price for Vegetables; Olives, Provisionally Preserved But Unsuitable in That State for Immediate Consumption in Singapore (FOB) - 2022
  3. Imports of Vegetables; Olives, Provisionally Preserved But Unsuitable in That State for Immediate Consumption in Singapore
  4. Exports of Vegetables; Olives, Provisionally Preserved But Unsuitable in That State for Immediate Consumption in Singapore

Price for Vegetables; Olives, Provisionally Preserved But Unsuitable in That State for Immediate Consumption in Singapore (CIF) - 2022

The average import price for vegetables; olives, provisionally preserved but unsuitable in that state for immediate consumptia stood at $2,637 per ton in 2022, waning by -23.1% against the previous year. In general, the import price showed a mild descent. The growth pace was the most rapid in 2018 when the average import price increased by 86% against the previous year. The import price peaked at $3,429 per ton in 2021, and then dropped dramatically in the following year.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Germany ($5,105 per ton), while the price for the United Arab Emirates ($2,089 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Germany (+24.6%), while the prices for the other major suppliers experienced more modest paces of growth.

Price for Vegetables; Olives, Provisionally Preserved But Unsuitable in That State for Immediate Consumption in Singapore (FOB) - 2022

The average export price for vegetables; olives, provisionally preserved but unsuitable in that state for immediate consumptia stood at $2,655 per ton in 2022, jumping by 721% against the previous year. In general, the export price, however, recorded a noticeable decrease. The export price peaked at $4,145 per ton in 2012; however, from 2013 to 2022, the export prices failed to regain momentum.

There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Indonesia ($8,705 per ton), while the average price for exports to Australia ($2,394 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 Thailand (+8.8%), while the prices for the other major destinations experienced mixed trend patterns.

Imports of Vegetables; Olives, Provisionally Preserved But Unsuitable in That State for Immediate Consumption in Singapore

In 2022, purchases abroad of vegetables; olives, provisionally preserved but unsuitable in that state for immediate consumptia was finally on the rise to reach 18 tons after two years of decline. Overall, imports saw buoyant growth. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, imports of vegetables; olives, provisionally preserved but unsuitable in that state for immediate consumptia skyrocketed to $47K in 2022. In general, imports, however, continue to indicate a noticeable contraction.

Import of Vegetables; Olives, Provisionally Preserved But Unsuitable in That State for Immediate Consumption in Singapore (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
GreeceN/A9.5N/A26.968.3%
China6.57.40.97.86.3%
Italy21.710.82.84.4-41.3%
United Arab Emirates0.9N/A9.93.151.0%
GermanyN/AN/AN/A2.10%
Turkey12.2N/AN/A1.7-48.2%
Spain3.71.70.50.1-70.0%
Others6.311.50.11.4-39.4%
Total51.240.914.347.4-2.5%

Top Suppliers of Vegetables; Olives, Provisionally Preserved But Unsuitable in That State for Immediate Consumption to Singapore in 2022:

  1. Greece (11.2 tons)
  2. China (3.2 tons)
  3. United Arab Emirates (1.5 tons)
  4. Italy (1.0 tons)
  5. Turkey (0.4 tons)
  6. Germany (0.4 tons)

Exports of Vegetables; Olives, Provisionally Preserved But Unsuitable in That State for Immediate Consumption in Singapore

In 2022, the amount of vegetables; olives, provisionally preserved but unsuitable in that state for immediate consumptia exported from Singapore soared to 14 tons, with an increase of 208% on the previous year's figure. In general, exports continue to indicate significant growth. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

In value terms, exports of vegetables; olives, provisionally preserved but unsuitable in that state for immediate consumptia surged to $37K in 2022. Over the period under review, exports continue to indicate significant growth. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Export of Vegetables; Olives, Provisionally Preserved But Unsuitable in That State for Immediate Consumption in Singapore (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
AustraliaN/AN/AN/A26.90%
BangladeshN/AN/AN/A6.10%
United StatesN/AN/AN/A2.50%
Indonesia1.60.5N/A1.72.0%
Malaysia1.00.61.5N/A22.5%
Others0.20.3N/AN/A50.0%
Total2.81.41.537.2136.8%

Top Export Markets for Vegetables; Olives, Provisionally Preserved But Unsuitable in That State for Immediate Consumption from Singapore in 2022:

  1. Australia (11.2 tons)
  2. Bangladesh (1.6 tons)
  3. United States (1.0 tons)
  4. Indonesia (0.2 tons)

Source: IndexBox Market Intelligence Platform

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