Singapore: Banana And Plantain Market 2022

Banana And Plantain Market Size in Singapore

The Singaporean banana and plantain market dropped modestly to $X in 2021, falling 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). The market value increased at an average annual rate of +X% from 2012 to 2021; the trend pattern remained consistent, with only minor fluctuations being observed throughout the analyzed period. Banana and plantain consumption peaked at $X in 2017; however, from 2018 to 2021, consumption failed to regain momentum.

Banana And Plantain Exports

Exports from Singapore

In 2021, approx. X tonnes of bananas and plantains were exported from Singapore; picking up by X% compared with 2020 figures. Over the period under review, exports, however, faced a deep slump. The pace of growth was the most pronounced in 2019 with an increase of X% y-o-y. The exports peaked at X tonnes in 2012; however, from 2013 to 2021, the exports remained at a lower figure.

In value terms, banana and plantain exports soared to $X in 2021. Overall, exports, however, faced a drastic downturn. The most prominent rate of growth was recorded in 2019 with an increase of X% year-to-year. The exports peaked at $X in 2015; however, from 2016 to 2021, the exports remained at a lower figure.

Exports by Country

Indonesia (X tonnes) was the main destination for banana and plantain exports from Singapore, with a X% share of total exports. Moreover, banana and plantain exports to Indonesia exceeded the volume sent to the second major destination, Malaysia (X tonnes), threefold.

From 2012 to 2021, the average annual growth rate of volume to Indonesia totaled -X%.

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

From 2012 to 2021, the average annual growth rate of value to Indonesia amounted to -X%.

Export Prices by Country

The average banana and plantain export price stood at $X per tonne in 2021, flattening at the previous year. Overall, the export price recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2013 an increase of X% y-o-y. Over the period under review, the average export prices reached the peak figure at $X per tonne in 2014; however, from 2015 to 2021, the export prices stood at a somewhat lower figure.

Average prices varied noticeably for the major overseas markets. In 2021, the country with the highest price was Malaysia ($X per tonne), while the average price for exports to Indonesia stood at $X per tonne.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Indonesia (+X%).

Banana And Plantain Imports

Imports into Singapore

In 2021, approx. X tonnes of bananas and plantains were imported into Singapore; declining by -X% on the year before. The total import volume increased at an average annual rate of +X% from 2012 to 2021; the trend pattern remained consistent, with only minor fluctuations throughout the analyzed period. The pace of growth was the most pronounced in 2020 when imports increased by X% year-to-year. Imports peaked at X tonnes in 2017; however, from 2018 to 2021, imports failed to regain momentum.

In value terms, banana and plantain imports contracted modestly to $X in 2021. The total import value increased at an average annual rate of +X% over the period from 2012 to 2021; the trend pattern remained consistent, with only minor fluctuations being recorded in certain years. The growth pace was the most rapid in 2013 when imports increased by X% against the previous year. Imports peaked at $X in 2017; however, from 2018 to 2021, imports remained at a lower figure.

Imports by Country

The Philippines (X tonnes), Malaysia (X tonnes) and Ecuador (X tonnes) were the main suppliers of banana and plantain imports to Singapore, together comprising X% of total imports. Vietnam and India lagged somewhat behind, together accounting for a further X 2012 to 2021, the biggest increases were in Vietnam (+X%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the Philippines ($X) constituted the largest supplier of banana and plantain to Singapore, comprising X% of total imports. The second position in the ranking was occupied by Malaysia ($X), with a X% share of total imports. It was followed by Ecuador, with a X% share.

From 2012 to 2021, the average annual rate of growth in terms of value from the Philippines was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: Malaysia (+X% per year) and Ecuador (+X% per year).

Import Prices by Country

The average banana and plantain import price stood at $X per tonne in 2021, growing by X% against the previous year. Over the period under review, the import price saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2013 an increase of X% year-to-year. Over the period under review, average import prices hit record highs at $X per tonne in 2016; however, from 2017 to 2021, import prices failed to regain momentum.

Prices varied noticeably by the country of origin: the country with the highest price was India ($X per tonne), while the price for Malaysia ($X per tonne) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Ecuador (+X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform