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Singapore - Asparagus - Market Analysis, Forecast, Size, Trends and Insights

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Singapore: Asparagus Market Overview 2020

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Asparagus Market Size in Singapore

The revenue of the asparagus market in Singapore amounted to $X in 2018, surging by 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). In general, asparagus consumption continues to indicate a strong expansion. The most prominent rate of growth was recorded in 2011 with an increase of X% against the previous year. Asparagus consumption peaked in 2018 and is expected to retain its growth in the near future.

Asparagus Exports

Exports from Singapore

In 2018, the exports of asparagus from Singapore stood at X tonnes, going up by X% against the previous year. In general, asparagus exports continue to indicate a strong expansion. The most prominent rate of growth was recorded in 2010 when exports increased by X% year-to-year. Exports peaked at X tonnes in 2014; however, from 2015 to 2018, exports failed to regain their momentum.

In value terms, asparagus exports amounted to $X in 2018. In general, asparagus exports continue to indicate buoyant growth. The pace of growth appeared the most rapid in 2008 with an increase of X% y-o-y. Exports peaked at $X in 2014; however, from 2015 to 2018, exports stood at a somewhat lower figure.

Exports by Country

Malaysia (X tonnes) was the main destination for asparagus exports from Singapore, accounting for a X% share of total exports. It was followed by India (X kg), with a X% share of total exports.

From 2007 to 2018, 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: India (+X% per year) and Cambodia (-X% per year).

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

From 2007 to 2018, the average annual growth rate of value to Malaysia totaled +X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Cambodia (+X% per year) and India (+X% per year).

Export Prices by Country

In 2018, the average asparagus export price amounted to $X per tonne, growing by X% against the previous year. Over the period under review, the asparagus export price continues to indicate a resilient increase. The most prominent rate of growth was recorded in 2012 an increase of X% y-o-y. Over the period under review, the average export prices for asparagus reached their maximum at $X per tonne in 2014; however, from 2015 to 2018, export prices failed to regain their momentum.

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

From 2007 to 2018, the most notable rate of growth in terms of prices was recorded for supplies to Cambodia, while the prices for the other major destinations experienced more modest paces of growth.

Asparagus Imports

Imports into Singapore

In 2018, the imports of asparagus into Singapore totaled X tonnes, jumping by X% against the previous year. In general, asparagus imports continue to indicate a remarkable increase. The most prominent rate of growth was recorded in 2011 with an increase of X% y-o-y. Imports peaked in 2018 and are likely to continue its growth in the near future.

In value terms, asparagus imports totaled $X in 2018. Overall, asparagus imports continue to indicate a resilient expansion. The pace of growth appeared the most rapid in 2011 with an increase of X% y-o-y. Over the period under review, asparagus imports attained their maximum in 2018 and are likely to continue its growth in the immediate term.

Imports by Country

The U.S. (X tonnes), Thailand (X tonnes) and Australia (X tonnes) were the main suppliers of asparagus imports to Singapore, with a combined X% share of total imports. Peru lagged somewhat behind, accounting for a further X 2007 to 2018, the most notable rate of growth in terms of imports, amongst the main suppliers, was attained by Peru, while the other leaders experienced more modest paces of growth.

In value terms, the U.S. ($X), Thailand ($X) and Australia ($X) appeared to be the largest asparagus suppliers to Singapore, together accounting for X% of total imports. Peru lagged somewhat behind, comprising a further X experienced the highest rates of growth with regard to imports, among the main suppliers over the last eleven-year period, while the other leaders experienced more modest paces of growth.

Import Prices by Country

The average asparagus import price stood at $X per tonne in 2018, going down by -X% against the previous year. In general, the import price indicated noticeable growth from 2007 to 2018: its price increased at an average annual rate of +X% over the last eleven years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2018 figures, asparagus import price increased by +X% against 2015 indices. The most prominent rate of growth was recorded in 2011 when the average import price increased by X% y-o-y. Over the period under review, the average import prices for asparagus attained their maximum at $X per tonne in 2017, and then declined slightly in the following year.

Average prices varied somewhat amongst the major supplying countries. In 2018, the highest prices were recorded for prices from Peru ($X per tonne) and the U.S. ($X per tonne), while the price for Australia ($X per tonne) and Thailand ($X per tonne) were amongst the lowest.

From 2007 to 2018, the most notable rate of growth in terms of prices was attained by Thailand, while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox AI Platform

Product coverage:
• FCL 367 - Asparagus

This report provides an in-depth analysis of the asparagus 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.


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
COUNTRIES WITH TOP YIELDS
5.4
TOP EXPORTING COUNTRIES
5.5
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, HARVESTED AREA AND YIELD
8. IMPORTS

The Largest Import Supplying Countries

8.1
IMPORTS FROM 2007–2018
8.2
IMPORTS BY COUNTRY
8.3
IMPORT PRICES BY COUNTRY
9. EXPORTS

The Largest Destinations for Exports

9.1
EXPORTS FROM 2007–2018
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 2018
Table 2:
Market Volume, In Physical Terms, 2007–2018
Table 3:
Market Value, 2007–2018
Table 4:
Per Capita Consumption In 2007–2018
Table 5:
Imports, In Physical Terms, By Country, 2007–2018
Table 6:
Imports, In Value Terms, By Country, 2007–2018
Table 7:
Import Prices, By Country Of Origin, 2007–2018
Table 8:
Exports, In Physical Terms, By Country, 2007–2018
Table 9:
Exports, In Value Terms, By Country, 2007–2018
Table 10:
Export Prices, By Country Of Destination, 2007–2018
LIST OF FIGURES
Figure 1:
Market Volume, In Physical Terms, 2007–2018
Figure 2:
Market Value, 2007–2018
Figure 3:
Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2007–2018
Figure 4:
Market Structure – Domestic Supply vs. Imports, In Value Terms, 2007–2018
Figure 5:
Trade Balance, In Physical Terms, 2007–2018
Figure 6:
Trade Balance, In Value Terms, 2007–2018
Figure 7:
Per Capita Consumption, 2007–2018
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:
Yield And Growth
Figure 15:
Exports And Growth
Figure 16:
Export Prices And Growth
Figure 17:
Market Size And Growth
Figure 18:
Per Capita Consumption
Figure 19:
Imports And Growth
Figure 20:
Import Prices
Figure 21:
Production, In Physical Terms, 2007–2018
Figure 22:
Production, In Value Terms, 2007–2018
Figure 23:
Area Harvested, 2007–2018
Figure 24:
Yield, 2007–2018
Figure 25:
Imports, In Physical Terms, 2007–2018
Figure 26:
Imports, In Value Terms, 2007–2018
Figure 27:
Imports, In Physical Terms, By Country, 2018
Figure 28:
Imports, In Physical Terms, By Country, 2007–2018
Figure 29:
Imports, In Value Terms, By Country, 2007–2018
Figure 30:
Import Prices, By Country Of Origin, 2007–2018
Figure 31:
Exports, In Physical Terms, 2007–2018
Figure 32:
Exports, In Value Terms, 2007–2018
Figure 33:
Exports, In Physical Terms, By Country, 2018
Figure 34:
Exports, In Physical Terms, By Country, 2007–2018
Figure 35:
Exports, In Value Terms, By Country, 2007–2018
Figure 36:
Export Prices, By Country Of Destination, 2007–2018

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