Singapore: Apple Juice Market 2024

Apple Juice Market Size in Singapore

In 2022, the Singaporean apple juice market decreased by X% to $X, falling for the fourth year in a row after two years of growth. Overall, consumption recorded a dramatic decline. Over the period under review, the market attained the peak level at $X in 2012; however, from 2013 to 2022, consumption failed to regain momentum.

Apple Juice Exports

Exports from Singapore

In 2022, approx. X tons of apple juice (single strength) were exported from Singapore; increasing by X% against the previous year. Over the period under review, exports posted a buoyant increase. The most prominent rate of growth was recorded in 2016 with an increase of X% against the previous year. The exports peaked in 2022 and are expected to retain growth in the immediate term.

In value terms, apple juice exports soared to $X in 2022. Overall, exports showed a prominent increase. The most prominent rate of growth was recorded in 2016 with an increase of X%. The exports peaked in 2022 and are expected to retain growth in years to come.

Exports by Country

Malaysia (X tons) was the main destination for apple juice exports from Singapore, with a X% share of total exports. Moreover, apple juice exports to Malaysia exceeded the volume sent to the second major destination, Cambodia (X tons), fourfold. Papua New Guinea (X tons) ranked third in terms of total exports with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Malaysia totaled X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Cambodia (X% per year) and Papua New Guinea (X% per year).

In value terms, Malaysia ($X) remains the key foreign market for apple juice (single strength) exports from Singapore, comprising X% of total exports. The second position in the ranking was held by Cambodia ($X), with a X% share of total exports. It was followed by Papua New Guinea, with a X% share.

From 2012 to 2022, the average annual growth rate of value to Malaysia stood at X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Cambodia (X% per year) and Papua New Guinea (X% per year).

Export Prices by Country

In 2022, the average apple juice export price amounted to $X per ton, remaining relatively unchanged against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of X%. The most prominent rate of growth was recorded in 2017 when the average export price increased by X%. As a result, the export price reached the peak level of $X per ton. From 2018 to 2022, the average export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Indonesia ($X per ton), while the average price for exports to Cambodia ($X 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 Indonesia (X%), while the prices for the other major destinations experienced more modest paces of growth.

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Apple Juice Imports

Imports into Singapore

In 2022, apple juice imports into Singapore expanded sharply to X tons, picking up by X% against the previous year's figure. Over the period under review, imports, however, showed a noticeable shrinkage. The pace of growth appeared the most rapid in 2018 when imports increased by X%. Over the period under review, imports attained the peak figure at X tons in 2012; however, from 2013 to 2022, imports remained at a lower figure.

In value terms, apple juice imports rose to $X in 2022. Overall, imports continue to indicate perceptible growth. The most prominent rate of growth was recorded in 2018 when imports increased by X%. Over the period under review, imports reached the peak figure in 2022 and are expected to retain growth in years to come.

Imports by Country

Sweden (X tons), Japan (X tons) and South Africa (X tons) were the main suppliers of apple juice imports to Singapore, with a combined X% share of total imports. Cyprus, Brazil, Indonesia, Australia, Egypt, China, Malaysia and Turkey lagged somewhat behind, together comprising a further X%.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Brazil (with a CAGR of X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Japan ($X) constituted the largest supplier of apple juice (single strength) to Singapore, comprising X% of total imports. The second position in the ranking was held by Sweden ($X), with a X% share of total imports. It was followed by Brazil, with an X% share.

From 2012 to 2022, the average annual growth rate of value from Japan totaled X%. The remaining supplying countries recorded the following average annual rates of imports growth: Sweden (X% per year) and Brazil (X% per year).

Import Prices by Country

The average apple juice import price stood at $X per ton in 2022, falling by X% against the previous year. In general, import price indicated a strong expansion from 2012 to 2022: its price increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, apple juice import price increased by X% against 2017 indices. The growth pace was the most rapid in 2021 when the average import price increased by X% against the previous year. As a result, import price attained the peak level of $X per ton, and then fell in the following year.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Japan ($X per ton), while the price for Egypt ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

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