Singapore: Cassava Market 2024

Cassava Market Size in Singapore

In 2022, the Singaporean cassava market decreased by X% to $X, falling for the second consecutive year after three years of growth. Over the period under review, consumption, however, enjoyed tangible growth. As a result, consumption reached the peak level of $X. From 2021 to 2022, the growth of the market remained at a lower figure.

Cassava Production in Singapore

In value terms, cassava production shrank to $X in 2022 estimated in export price. Overall, production saw a resilient increase. The pace of growth was the most pronounced in 2019 when the production volume increased by X%. As a result, production attained the peak level of $X. From 2020 to 2022, production growth failed to regain momentum.

In 2022, the average cassava yield in Singapore amounted to less than X kg per ha, remaining constant against 2021 figures. In general, the yield showed a relatively flat trend pattern. Despite the increased use of modern agricultural techniques and methods, future yield figures may still be impacted by adverse weather conditions.

In 2022, approx. less than X ha of cassava were harvested in Singapore; approximately equating the previous year. Overall, the harvested area saw a relatively flat trend pattern.

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Cassava Exports

Exports from Singapore

In 2022, after three years of growth, there was significant decline in overseas shipments of cassava, when their volume decreased by X% to X tons. Over the period under review, exports, however, enjoyed a significant increase. The growth pace was the most rapid in 2013 when exports increased by X%. Over the period under review, the exports hit record highs at X tons in 2021, and then declined significantly in the following year.

In value terms, cassava exports contracted notably to $X in 2022. Overall, exports, however, recorded a significant increase. The most prominent rate of growth was recorded in 2019 with an increase of X% against the previous year. The exports peaked at $X in 2021, and then reduced rapidly in the following year.

Exports by Country

Brunei Darussalam (X tons) was the main destination for cassava exports from Singapore, accounting for a X% share of total exports. It was followed by Malaysia (X kg), with a X% share of total exports. The third position in this ranking was held by Cambodia (X kg), with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Brunei Darussalam amounted to X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Malaysia (X% per year) and Cambodia (X% per year).

In value terms, Brunei Darussalam ($X) emerged as the key foreign market for cassava exports from Singapore, comprising X% of total exports. The second position in the ranking was taken by Malaysia ($X), with a X% share of total exports. It was followed by Cambodia, with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of value to Brunei Darussalam amounted to X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Malaysia (X% per year) and Cambodia (X% per year).

Export Prices by Country

The average cassava export price stood at $X per ton in 2022, shrinking by X% against the previous year. Overall, the export price, however, recorded a modest increase. The most prominent rate of growth was recorded in 2019 an increase of X% against the previous year. As a result, the export price reached the peak level of $X per ton. From 2020 to 2022, the average export prices remained at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Indonesia ($X per ton), while the average price for exports to Hong Kong SAR ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Indonesia (X%), while the prices for the other major destinations experienced more modest paces of growth.

Cassava Imports

Imports into Singapore

In 2022, purchases abroad of cassava decreased by X% to X tons, falling for the second year in a row after three years of growth. In general, total imports indicated a noticeable increase from 2012 to 2022: its volume increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports decreased by X% against 2020 indices. The growth pace was the most rapid in 2020 when imports increased by X%. As a result, imports attained the peak of X tons. From 2021 to 2022, the growth of imports failed to regain momentum.

In value terms, cassava imports contracted modestly to $X in 2022. Over the period under review, imports, however, posted a temperate increase. The growth pace was the most rapid in 2020 with an increase of X%. As a result, imports attained the peak of $X. From 2021 to 2022, the growth of imports failed to regain momentum.

Imports by Country

In 2022, Malaysia (X tons) was the main cassava supplier to Singapore, with a X% share of total imports. It was followed by Thailand (X tons), with a X% share of total imports.

From 2012 to 2022, the average annual rate of growth in terms of volume from Malaysia amounted to X%.

In value terms, Malaysia ($X) constituted the largest supplier of cassava to Singapore, comprising X% of total imports. The second position in the ranking was held by Thailand ($X), with a X% share of total imports.

From 2012 to 2022, the average annual growth rate of value from Malaysia amounted to X%.

Import Prices by Country

In 2022, the average cassava import price amounted to $X per ton, increasing by X% against the previous year. Over the last decade, it increased at an average annual rate of X%. The pace of growth appeared the most rapid in 2020 an increase of X%. As a result, import price attained the peak level of $X per ton. From 2021 to 2022, the average import prices failed to regain momentum.

Average prices varied somewhat amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Malaysia ($X per ton), while the price for Thailand amounted to $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Malaysia (X%).

Source: IndexBox Platform