Latest Report Update: Apr 11, 2019

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

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Singapore: Banana Market Overview 2019

Banana Market Size in Singapore

The revenue of the banana market in Singapore amounted to $X in 2017, 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, banana consumption continues to indicate a strong increase. The pace of growth appeared the most rapid in 2012, with an increase of X% y-o-y. The banana consumption peaked in 2017, and is likely to see steady growth in the immediate term.

Banana Exports

Exports from Singapore

In 2017, the amount of bananas exported from Singapore stood at X tonnes, lowering by -X% against the previous year. Overall, banana exports continue to indicate a slight slump. The most prominent rate of growth was recorded in 2010, when exports increased by X% against the previous year. Over the period under review, the banana exports attained its peak figure volume of X tonnes in 2012; however, from 2013 to 2017, it failed to regain its momentum.

In value terms, banana exports totaled $X in 2017. In general, banana exports continue to indicate a slight curtailment. Over the period under review, the banana exports attained its peak figure level of $X in 2011; however, from 2012 to 2017, it stood at a somewhat lower level.

Exports by Country

Indonesia (X tonnes) was the main destination of banana exports from Singapore, accounting for X% share of total exports. Moreover, banana exports to Indonesia exceeded the volume sent to the second major destination, Canada (X tonnes), fourfold. The third position in this ranking was occupied by Oman (X tonnes), with a X% share.

From 2007 to 2017, the average annual growth rate of volume to Indonesia totaled +X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Canada (+X% per year) and Oman (-X% per year).

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

From 2007 to 2017, the average annual growth rate of value to Indonesia totaled +X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Canada (+X% per year) and Malaysia (+X% per year).

Export Prices by Country

The average banana export price stood at $X per tonne in 2017, lowering by -X% against the previous year. In general, banana export price continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2013, an increase of X% against the previous year. The export price peaked of $X per tonne in 2011; however, from 2012 to 2017, it failed to regain its momentum.

There were significant differences in the average export prices for the major foreign markets. In 2017, the country with the highest export price was Malaysia ($X per tonne), while average price for exports to Oman ($X per tonne) was amongst the lowest.

From 2007 to 2017, the most notable rate of growth in terms of export prices was recorded for supplies to Malaysia (-X% per year), the export prices for other major destinations experienced a decline.

Banana Imports

Imports into Singapore

In 2017, the amount of bananas imported into Singapore amounted to X tonnes, coming down by -X% against the previous year. The total import volume increased an average annual rate of +X% from 2007 to 2017; however, the trend pattern indicated some noticeable fluctuations throughout the analyzed period. The most prominent rate of growth was recorded in 2014, when it surged by X% against the previous year. Over the period under review, the banana imports attained its peak figure volume of X tonnes in 2016, and then declined slightly in the following year.

In value terms, banana imports stood at $X in 2017. Overall, banana imports continue to indicate a remarkable growth. Over the period under review, the banana imports reached its peak figure level in 2017, and are likely to continue its growth in the near future.

Imports by Country

The Philippines (X tonnes), Malaysia (X tonnes) and Mexico (X tonnes) were the main suppliers of banana imports to Singapore, together accounting for X% of total imports. These countries were followed by India, Thailand and Ecuador, which together accounted for a further X%.

From 2007 to 2017, the most notable rate of growth in terms of imports, amongst the main suppliers, was attained by India (+X% per year), while the other leaders experienced more modest paces of growth.

In value terms, largest banana suppliers to Singapore were the Philippines ($X), Malaysia ($X) and Mexico ($X), together comprising X% of total imports. These countries were followed by India, Thailand and Ecuador, which together accounted for a further X%.

Among the main suppliers, India (+X% per year) experienced the highest rates of growth with regard to imports, over the last decade, while the other leaders experienced more modest paces of growth.

Import Prices by Country

The average banana import price stood at $X per tonne in 2017, rising by X% against the previous year. In general, the import price indicated a strong expansion from 2007 to 2017: its price increased at an average annual rate of +X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations throughout the analyzed period. Based on 2017 figures, the banana import price increased by +X% against 2007 indices. The most prominent rate of growth was recorded in 2017, when it surged by X% y-o-y. In that year, the average import prices for bananas reached their peak level, and is likely to continue its growth in the immediate term.

Average import prices varied noticeably amongst the major supplying countries. In 2017, the countries with the highest import prices were Malaysia ($X per tonne) and India ($X per tonne), while price for Mexico ($X per tonne) and Ecuador ($X per tonne) were amongst the lowest.

From 2007 to 2017, the most notable rate of growth in terms of import prices was attained by Malaysia (+X% per year), the import prices for other major suppliers experienced more modest paces of growth.

Source: IndexBox AI Platform

Product coverage:
• FCL 486 - Bananas

This report provides an in-depth analysis of the banana 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 2025
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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