Singapore: Market for Apple Juice (Single Strength) 2021

Market Size for Apple Juice (Single Strength) in Singapore

The Singaporean apple juice (single strength) market contracted remarkably to $X in 2020, with a decrease of -X% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Over the period under review, consumption posted a modest increase. The most prominent rate of growth was recorded in 2008 when the market value increased by X% year-to-year. Apple juice (single strength) consumption peaked at $X in 2012; however, from 2013 to 2020, consumption stood at a somewhat lower figure.

Exports of Apple Juice (Single Strength)

Exports from Singapore

In 2020, overseas shipments of apple juice (single strength) increased by X% to X tonnes, rising for the second consecutive year after two years of decline. Over the period under review, exports recorded strong growth. As a result, exports reached the peak and are likely to continue growth in the immediate term.

In value terms, apple juice (single strength) exports soared to $X in 2020. In general, exports saw resilient growth. As a result, exports attained the peak and are likely to continue growth in the immediate term.

Exports by Country

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

From 2007 to 2020, the average annual growth rate of volume to Malaysia totaled +X%. Exports to the other major destinations recorded the following average annual rates of exports growth: China (+X% per year) and Papua New Guinea (X% per year).

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

From 2007 to 2020, the average annual rate of growth in terms of value to Malaysia totaled +X%. Exports to the other major destinations recorded the following average annual rates of exports growth: China (+X% per year) and Indonesia (+X% per year).

Export Prices by Country

The average apple juice (single strength) export price stood at $X per tonne in 2020, growing by X% against the previous year. Over the last thirteen years, it increased at an average annual rate of +X%. The export price peaked at $X per tonne in 2013; however, from 2014 to 2020, export prices failed to regain the momentum.

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

From 2007 to 2020, the most notable rate of growth in terms of prices was recorded for supplies to Indonesia, while the prices for the other major destinations experienced more modest paces of growth.

Imports of Apple Juice (Single Strength)

Imports into Singapore

In 2020, apple juice (single strength) imports into Singapore amounted to X tonnes, remaining constant against 2019 figures. In general, imports saw a moderate increase. The pace of growth appeared the most rapid in 2008 with an increase of X% against the previous year. Imports peaked at X tonnes in 2012; however, from 2013 to 2020, imports failed to regain the momentum.

In value terms, apple juice (single strength) imports soared to $X in 2020. Over the period under review, imports saw a remarkable increase. The pace of growth appeared the most rapid in 2008 with an increase of X% year-to-year. Imports peaked at $X in 2012; however, from 2013 to 2020, imports remained at a lower figure.

Imports by Country

South Africa (X tonnes), Cyprus (X tonnes) and Brazil (X tonnes) were the main suppliers of apple juice (single strength) imports to Singapore, with a combined X% share of total imports. Japan, Egypt, Indonesia, Australia, Turkey, New Zealand, the UK, the U.S. and Malaysia lagged somewhat behind, together comprising a further X 2007 to 2020, the biggest increases were in Indonesia (+X% per year), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest apple juice (single strength) suppliers to Singapore were Japan ($X), South Africa ($X) and Brazil ($X), with a combined X% share of total imports. Cyprus, New Zealand, the U.S., the UK, Indonesia, Australia, Egypt, Malaysia and Turkey lagged somewhat behind, together accounting for a further X terms of the main suppliers, Indonesia (+X% per year) saw the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average apple juice (single strength) import price stood at $X per tonne in 2020, with an increase of X% against the previous year. Over the last thirteen-year period, it increased at an average annual rate of +X%. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices amongst the major supplying countries. In 2020, the country with the highest price was Japan ($X per tonne), while the price for Egypt ($X per tonne) was amongst the lowest.

From 2007 to 2020, the most notable rate of growth in terms of prices was attained by Japan, while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform