Singapore - Skim Milk of Cows - Market Analysis, Forecast, Size, Trends and Insights
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View PricingSkim Milk Price in Singapore - 2022
Contents:
- Skim Milk Price in Singapore (CIF) - 2022
- Skim Milk Price in Singapore (FOB) - 2022
- Skim Milk Imports in Singapore
- Skim Milk Exports in Singapore
Skim Milk Price in Singapore (CIF) - 2022
In September 2022, the average skim milk import price amounted to $2,061 per ton, rising by 29% against the previous month. In general, the import price enjoyed a pronounced expansion. The growth pace was the most rapid in February 2022 when the average import price increased by 96% m-o-m. As a result, import price attained the peak level of $3,858 per ton. From March 2022 to September 2022, the average import prices remained at a lower figure.
There were significant differences in the average prices amongst the major supplying countries. In September 2022, the country with the highest price was Japan ($7,197 per ton), while the price for France ($895 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 New Zealand (+21.6%), while the prices for the other major suppliers experienced more modest paces of growth.
Skim Milk Price in Singapore (FOB) - 2022
The average skim milk export price stood at $3,598 per ton in 2022, increasing by 79% against the previous year. In general, the export price showed a pronounced expansion. Over the period under review, the average export prices hit record highs at $6,496 per ton in 2020; however, from 2021 to 2022, the export prices remained at a lower figure.
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 Vietnam ($15,604 per ton), while the average price for exports to Japan ($750 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 (+27.3%), while the prices for the other major destinations experienced more modest paces of growth.
Skim Milk Imports in Singapore
In 2022, approx. 2.6K tons of skim milk were imported into Singapore; waning by -47.1% against the previous year. Over the period under review, imports continue to indicate a deep contraction. The pace of growth was the most pronounced in 2021 with an increase of 20%.
In value terms, skim milk imports declined sharply to $5.3M in 2022. Overall, imports showed a abrupt downturn. The most prominent rate of growth was recorded in 2021 when imports increased by 35% against the previous year. As a result, imports reached the peak of $11M, and then fell significantly in the following year.
| Import of Skim Milk in Singapore (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| New Zealand | 1,345 | 2,040 | 2,355 | 1,735 | 8.9% |
| Germany | 1,924 | 1,415 | 2,120 | 987 | -19.9% |
| Indonesia | 793 | 916 | 908 | 802 | 0.4% |
| Japan | 293 | 539 | 905 | 687 | 32.9% |
| Australia | 1,730 | 1,403 | 3,022 | 365 | -40.5% |
| United States | 1,106 | 856 | 50.9 | 191 | -44.3% |
| France | 362 | 43.2 | 32.2 | 182 | -20.5% |
| Thailand | 56.1 | 17.3 | 791 | 120 | 28.8% |
| Belgium | 623 | 226 | N/A | 0.2 | -93.2% |
| Others | 776 | 362 | 358 | 222 | -34.1% |
| Total | 9,007 | 7,817 | 10,542 | 5,291 | -16.2% |
Top Suppliers of Skim Milk to Singapore in 2022:
- Belgium (undefined tons)
- Indonesia (1040.0 tons)
- New Zealand (407.4 tons)
- Germany (340.6 tons)
- Australia (286.0 tons)
- Japan (171.9 tons)
- France (130.9 tons)
- Thailand (70.2 tons)
- United States (50.5 tons)
Skim Milk Exports in Singapore
In 2022, shipments abroad of skim milk decreased by -73.9% to 177 tons for the first time since 2018, thus ending a three-year rising trend. Overall, exports, however, saw a measured expansion. The most prominent rate of growth was recorded in 2020 when exports increased by 156%.
In value terms, skim milk exports reduced markedly to $635K in 2022. In general, exports continue to indicate a deep reduction. The pace of growth was the most pronounced in 2020 when exports increased by 224%. As a result, the exports attained the peak of $2.6M. From 2021 to 2022, the growth of the exports failed to regain momentum.
| Export of Skim Milk in Singapore (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Vietnam | 582 | 1,589 | 51.7 | 399 | -11.8% |
| Bangladesh | 70.0 | 144 | 147 | 137 | 25.1% |
| Indonesia | 5.2 | 124 | 1,056 | 63.5 | 130.3% |
| Hong Kong SAR | N/A | N/A | 0.7 | 8.0 | 1042.9% |
| Malaysia | 16.9 | 18.1 | 3.9 | 5.7 | -30.4% |
| Brunei Darussalam | 37.9 | 32.5 | 7.3 | 4.2 | -52.0% |
| China | N/A | 649 | N/A | N/A | 0% |
| United Arab Emirates | 93.5 | N/A | 9.9 | N/A | -67.5% |
| Others | 9.2 | 83.4 | 81.3 | 17.8 | 24.6% |
| Total | 815 | 2,640 | 1,358 | 635 | -8.0% |
Top Export Markets for Skim Milk from Singapore in 2022:
- Bangladesh (98.1 tons)
- Indonesia (33.5 tons)
- Vietnam (25.6 tons)
- Hong Kong SAR (7.2 tons)
- Malaysia (5.6 tons)
- Brunei Darussalam (2.8 tons)
This report provides an in-depth analysis of the skim milk market 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 888 - Skim Milk of Cows
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
-
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
- COUNTRIES WITH TOP YIELDS
- 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, PRODUCING ANIMALS AND YIELD
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
- Yield 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
- Producing Animals Slaughtered, 2012–2023
- Yield, 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
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