Singapore: Beef Market 2020

Beef Market Size in Singapore

The revenue of the beef market in Singapore amounted to $X in 2017, coming up by X% against the previous year. Overall, beef consumption continues to indicate a remarkable expansion. The most prominent rate of growth was recorded in 2010, with an increase of X% year-to-year. Over the period under review, the beef market attained its maximum level in 2017, and is expected to retain its growth in the immediate term.

Beef Production in Singapore

In 2017, approx. X kg of beef (cattle meat) were produced in Singapore; therefore, remained relatively stable against the previous year. Overall, beef production continues to indicate a relatively flat trend pattern. Beef output in Singapore indicated a relatively flat trend pattern, which was largely conditioned by a relatively flat trend pattern of the producing animals and a relatively flat trend pattern in yield figures.

In 2017, average beef yield in Singapore amounted to X kg per head, declining by -X% against the previous year. In general, beef yield continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2010, when it surged by X% year-to-year. Singapore beef yield peaked of X kg per head in 2014; however, from 2015 to 2017, it stood at a somewhat lower level.

The number of animals slaughtered for beef production in Singapore stood at X head in 2017, declining by -X% against the previous year. In general, beef producing animals continues to indicate a drastic decrease. The pace of growth appeared the most rapid in 2012, when the number of producing animals increased by X% year-to-year. Over the period under review, this number reached its peak figure figure of X head in 2013; however, from 2014 to 2017, it stood at a somewhat lower level.

Beef Exports from Singapore

Beef exports from Singapore totaled X tons in 2017, falling by -X% against the previous year. Overall, beef exports continue to indicate a remarkable increase. The pace of growth was the most pronounced in 2015, when it surged by X% y-o-y. In that year, the beef exports attained their peak volume of X tons. From 2016 to 2017, growth of the beef exports failed to regain its momentum.

In value terms, beef exports amounted to $X in 2017. In general, beef exports continue to indicate a remarkable expansion. In that year, the beef exports attained their peak level of $X. From 2016 to 2017, growth of the beef exports failed to regain its momentum.

Beef Exports by Country from Singapore

The countries with the highest levels of beef exports in 2017 were India (X tons), Brazil (X tons), Australia (X tons) and the U.S. (X tons), together resulting at X% of total export. The Netherlands (X tons), New Zealand (X tons), Poland (X tons), Ireland (X tons), Paraguay (X tons), Canada (X tons), Uruguay (X tons) and Argentina (X tons) followed a long way behind the leaders.

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

In value terms, the U.S. ($X), Australia ($X) and Brazil ($X) appeared to be the countries with the highest levels of exports in 2017, together comprising X% of total exports. These countries were followed by India, the Netherlands, Ireland, New Zealand, Canada, Poland, Uruguay, Argentina, Paraguay and Singapore, which together accounted for a further X%.

India (+X% per year) experienced the highest rates of growth with regard to exports, in terms of the main exporting countries over the last decade, while the other leaders experienced more modest paces of growth.

Beef Export Prices by Country in Singapore

In 2017, the beef export price in Singapore amounted to $X per ton, jumping by X% against the previous year. Over the period from 2007 to 2017, it increased at an average annual rate of +X%. The growth pace was the most rapid in 2011, when the export prices increased by X% against the previous year. Singapore export price peaked of $X per ton in 2013; however, from 2014 to 2017, it stood at a somewhat lower level.

Export prices varied noticeably by the country of destination; the country with the highest export price was the U.S. ($X per ton), while India ($X per ton) was amongst the lowest.

From 2007 to 2017, the most notable rate of growth in terms of export prices was attained by the U.S. (+X% per year), while the other leaders experienced more modest paces of growth.

Beef Imports into Singapore

In 2017, beef imports into Singapore amounted to X tons, falling by -X% against the previous year. The total import volume increased an average annual rate of +X% over the period 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 2015, with an increase of X% against the previous year. In that year, the beef imports attained their peak volume of X tons. From 2016 to 2017, growth of the beef imports stood at a somewhat lower level.

In value terms, beef imports amounted to $X in 2017. In general, beef imports continue to indicate a prominent expansion. Singapore imports peaked in 2017, and are likely to continue its growth in the immediate term.

Beef Imports by Country into Singapore

The countries with the highest levels of beef imports in 2017 were the U.S. (X tons), Vietnam (X tons), China (X tons), Japan (X tons), China, Hong Kong SAR (X tons), Italy (X tons), South Korea (X tons), the Netherlands (X tons), Germany (X tons), Egypt (X tons), Russia (X tons) and the UK (X tons), together recording X% of total import.

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

In value terms, the U.S. ($X), China ($X) and Japan ($X) were the countries with the highest levels of imports in 2017, with a combined X% share of total imports. These countries were followed by Vietnam, South Korea, Germany, Italy, China, Hong Kong SAR, the Netherlands, the UK, Russia, Egypt and Singapore, which together accounted for a further X%.

Vietnam (+X% per year) recorded the highest rates of growth with regard to imports, among the main importing countries over the last decade, while the other leaders experienced more modest paces of growth.

Beef Import Prices by Country in Singapore

The beef import price in Singapore stood at $X per ton in 2017, jumping by X% against the previous year. In general, the import price indicated a remarkable increase 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. The pace of growth was the most pronounced in 2017, when the import prices increased by X% against the previous year. In that year, the import prices for beef (cattle meat) attained their peak level, and is likely to continue its growth in the immediate term.

There were significant differences in the average import prices amongst the major importing countries. In 2017, the country with the highest import price was Germany ($X per ton), while Egypt ($X per ton) was amongst the lowest.

From 2007 to 2017, the most notable rate of growth in terms of import prices was attained by the U.S. (+X% per year), while the other leaders experienced more modest paces of growth.

Source: IndexBox Market Intelligence Platform