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Singapore - Animal Fats And Oils - Market Analysis, Forecast, Size, Trends And Insights
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Singapore: Animal Fats Market Overview 2021

Animal Fats Market Size in Singapore

In 2019, the Singaporean animal fats market increased by X% to $X, rising for the third year in a row after two years of decline. Overall, consumption, however, continues to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2014 with an increase of X% against the previous year. As a result, consumption reached the peak level of $X. From 2015 to 2019, the growth of the market remained at a lower figure.

Animal Fats Production in Singapore

In value terms, animal fats production amounted to $X in 2019 estimated in export prices. Over the period under review, production, however, continues to indicate a pronounced decrease. The pace of growth was the most pronounced in 2008 with an increase of X% against the previous year. As a result, production attained the peak level of $X. From 2009 to 2019, production growth remained at a lower figure.

Animal Fats Exports

Exports from Singapore

For the fifth year in a row, Singapore recorded decline in shipments abroad of animal fats and oils, which decreased by -X% to X tonnes in 2019. In general, exports saw a dramatic contraction. The pace of growth was the most pronounced in 2008 with an increase of X% against the previous year. As a result, exports attained the peak of X tonnes. From 2009 to 2019, the growth exports failed to regain the momentum.

In value terms, animal fats exports fell to $X in 2019. Over the period under review, exports faced a precipitous contraction. The pace of growth was the most pronounced in 2008 with an increase of X% against the previous year. As a result, exports attained the peak of $X. From 2009 to 2019, the growth exports remained at a somewhat lower figure.

Exports by Country

Saudi Arabia (X tonnes) was the main destination for animal fats exports from Singapore, with a X% share of total exports. Moreover, animal fats exports to Saudi Arabia exceeded the volume sent to the second major destination, Seychelles (X tonnes), fivefold.

From 2007 to 2019, the average annual growth rate of volume to Saudi Arabia stood at -X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Seychelles (-X% per year) and the Philippines (-X% per year).

In value terms, Saudi Arabia ($X) remains the key foreign market for animal fats exports from Singapore, comprising X% of total exports. The second position in the ranking was occupied by the Philippines ($X), with a X% share of total exports.

From 2007 to 2019, the average annual growth rate of value to Saudi Arabia stood at -X%. Exports to the other major destinations recorded the following average annual rates of exports growth: the Philippines (+X% per year) and Seychelles (-X% per year).

Export Prices by Country

The average animal fats export price stood at $X per tonne in 2019, reducing by -X% against the previous year. In general, export price indicated pronounced growth from 2007 to 2019: its price increased at an average annual rate of +X% over the last twelve-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2019 figures, animal fats export price increased by +X% against 2016 indices. The pace of growth appeared the most rapid in 2014 when the average export price increased by X% against the previous year. As a result, export price reached the peak level of $X per tonne. From 2015 to 2019, the growth in terms of the average export prices remained at a lower figure.

Prices varied noticeably by the country of destination; the country with the highest price was the Philippines ($X per tonne), while the average price for exports to Seychelles ($X per tonne) was amongst the lowest.

From 2007 to 2019, the most notable rate of growth in terms of prices was recorded for supplies to the Philippines, while the prices for the other major destinations experienced more modest paces of growth.

Animal Fats Imports

Imports into Singapore

In 2019, purchases abroad of animal fats and oils increased by X% to X tonnes for the first time since 2015, thus ending a three-year declining trend. Over the period under review, imports, however, faced a sharp decrease. The most prominent rate of growth was recorded in 2012 with an increase of X% against the previous year. Imports peaked at X tonnes in 2007; however, from 2008 to 2019, imports failed to regain the momentum.

In value terms, animal fats imports dropped to $X in 2019. In general, imports, however, recorded a abrupt decrease. The pace of growth appeared the most rapid in 2012 when imports increased by X% y-o-y. Over the period under review, imports reached the maximum at $X in 2015; however, from 2016 to 2019, imports failed to regain the momentum.

Imports by Country

In 2019, Malaysia (X tonnes) constituted the largest animal fats supplier to Singapore, with a X% share of total imports. Moreover, animal fats imports from Malaysia exceeded the figures recorded by the second-largest supplier, the Netherlands (X kg), eightfold.

From 2007 to 2019, the average annual growth rate of volume from Malaysia totaled -X%. The remaining supplying countries recorded the following average annual rates of imports growth: the Netherlands (X% per year) and Thailand (-X% per year).

In value terms, Malaysia ($X), the Netherlands ($X) and Thailand ($X) were the largest animal fats suppliers to Singapore, with a combined X% share of total imports.

The Netherlands recorded the highest rates of growth with regard to the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced a decline.

Import Prices by Country

In 2019, the average animal fats import price amounted to $X per tonne, with a decrease of -X% against the previous year. Overall, the import price, however, enjoyed a resilient expansion. The pace of growth was the most pronounced in 2009 an increase of X% against the previous year. Over the period under review, average import prices hit record highs at $X per tonne in 2018, and then reduced remarkably in the following year.

There were significant differences in the average prices amongst the major supplying countries. In 2019, the country with the highest price was the Netherlands ($X per tonne), while the price for Malaysia ($X per tonne) was amongst the lowest.

From 2007 to 2019, the most notable rate of growth in terms of prices was attained by Malaysia, while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox AI Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for animal fats and oils in the world?
+
The country with the largest volume of animal fats consumption was China (400K tonnes), accounting for 16% of total volume. Moreover, animal fats consumption in China exceeded the figures recorded by the second-largest consumer, the U.S. (184K tonnes), twofold. Italy (160K tonnes) ranked third in terms of total consumption with a 6.3% share.
What are the largest producers of animal fats and oils in the world?
+
The country with the largest volume of animal fats production was China (404K tonnes), accounting for 16% of total volume. Moreover, animal fats production in China exceeded the figures recorded by the second-largest producer, the U.S. (183K tonnes), twofold. The third position in this ranking was occupied by Italy (160K tonnes), with a 6.3% share.
What are the leading suppliers of animal fats and oils to Singapore?
+
In value terms, Malaysia ($9.3K), the Netherlands ($5.8K) and Thailand ($363) were the largest animal fats suppliers to Singapore, with a combined 98% share of total imports.
What are the leading importers of animal fats and oils from Singapore?
+
In value terms, Saudi Arabia ($122K) remains the key foreign market for animal fats exports from Singapore, comprising 71% of total exports. The second position in the ranking was occupied by the Philippines ($30K), with a 18% share of total exports.
What is the average export price for animal fats and oils in Singapore?
+
The average animal fats export price stood at $2,352 per tonne in 2019, shrinking by -1.5% against the previous year.
What is the average import price for animal fats and oils in Singapore?
+
In 2019, the average animal fats import price amounted to $3,858 per tonne, which is down by -22.3% against the previous year.

Product coverage:
• Prodcom 10416030 - Animal fats and oils and their fractions partly or wholly hydrogenated, inter-esterified, re-esterified or elaidinised, but not further prepared (including refined)

This report provides an in-depth analysis of the animal fats 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 2025.


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:
1. How to diversify your business and benefit from new market opportunities
2. How to load your idle production capacity
3. How to boost your sales on overseas markets
4. How to increase your profit margins
5. How to make your supply chain more sustainable
6. How to reduce your production and supply chain costs
7. How to outsource production to other countries
8. 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.
1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business

1.1
REPORT DESCRIPTION
1.2
RESEARCH METHODOLOGY AND AI PLATFORM
1.3
DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
1.4
GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance

2.1
KEY FINDINGS
2.2
MARKET TRENDS
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects

3.1
MARKET SIZE
3.2
MARKET STRUCTURE
3.3
TRADE BALANCE
3.4
PER CAPITA CONSUMPTION
3.5
MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCTS

Finding New Products to Diversify Your Business

4.1
TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
4.2
BEST-SELLING PRODUCTS
4.3
MOST CONSUMED PRODUCT
4.4
MOST TRADED PRODUCT
4.5
MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain

5.1
TOP COUNTRIES TO SOURCE YOUR PRODUCT
5.2
TOP PRODUCING COUNTRIES
5.3
TOP EXPORTING COUNTRIES
5.4
LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports

6.1
TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
6.2
TOP CONSUMING MARKETS
6.3
UNSATURATED MARKETS
6.4
TOP IMPORTING MARKETS
6.5
MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry

7.1
PRODUCTION VOLUME AND VALUE
8. IMPORTS

The Largest Import Supplying Countries

8.1
IMPORTS FROM 2007–2020
8.2
IMPORTS BY COUNTRY
8.3
IMPORT PRICES BY COUNTRY
9. EXPORTS

The Largest Destinations for Exports

9.1
EXPORTS FROM 2007–2020
9.2
EXPORTS BY COUNTRY
9.3
EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles

LIST OF TABLES
Table 1:
Key Findings In 2020
Table 2:
Market Volume, In Physical Terms, 2007–2020
Table 3:
Market Value, 2007–2020
Table 4:
Per Capita Consumption In 2007–2020
Table 5:
Imports, In Physical Terms, By Country, 2007–2020
Table 6:
Imports, In Value Terms, By Country, 2007–2020
Table 7:
Import Prices, By Country Of Origin, 2007–2020
Table 8:
Exports, In Physical Terms, By Country, 2007–2020
Table 9:
Exports, In Value Terms, By Country, 2007–2020
Table 10:
Export Prices, By Country Of Destination, 2007–2020
LIST OF FIGURES
Figure 1:
Market Volume, In Physical Terms, 2007–2020
Figure 2:
Market Value, 2007–2020
Figure 3:
Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2007–2020
Figure 4:
Market Structure – Domestic Supply vs. Imports, In Value Terms, 2007–2020
Figure 5:
Trade Balance, In Physical Terms, 2007–2020
Figure 6:
Trade Balance, In Value Terms, 2007–2020
Figure 7:
Per Capita Consumption, 2007–2020
Figure 8:
Market Forecast To 2025
Figure 9:
Products: Market Size And Growth, By Type
Figure 10:
Products: Average Per Capita Consumption, By Type
Figure 11:
Products: Exports And Growth, By Type
Figure 12:
Products: Export Prices And Growth, By Type
Figure 13:
Production Volume And Growth
Figure 14:
Exports And Growth
Figure 15:
Export Prices And Growth
Figure 16:
Market Size And Growth
Figure 17:
Per Capita Consumption
Figure 18:
Imports And Growth
Figure 19:
Import Prices
Figure 20:
Production, In Physical Terms, 2007–2020
Figure 21:
Production, In Value Terms, 2007–2020
Figure 22:
Imports, In Physical Terms, 2007–2020
Figure 23:
Imports, In Value Terms, 2007–2020
Figure 24:
Imports, In Physical Terms, By Country, 2020
Figure 25:
Imports, In Physical Terms, By Country, 2007–2020
Figure 26:
Imports, In Value Terms, By Country, 2007–2020
Figure 27:
Import Prices, By Country Of Origin, 2007–2020
Figure 28:
Exports, In Physical Terms, 2007–2020
Figure 29:
Exports, In Value Terms, 2007–2020
Figure 30:
Exports, In Physical Terms, By Country, 2020
Figure 31:
Exports, In Physical Terms, By Country, 2007–2020
Figure 32:
Exports, In Value Terms, By Country, 2007–2020
Figure 33:
Export Prices, By Country Of Destination, 2007–2020

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