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Singapore - Cereals - Market Analysis, Forecast, Size, Trends and Insights
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Singapore: Cereals Market Overview 2021

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Cereals Market Size in Singapore

In 2019, the Singaporean cereals market decreased by -X% to $X, falling for the second year in a row after two years of growth. Overall, consumption continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2014 when the market value increased by X% against the previous year. As a result, consumption reached the peak level of $X. From 2015 to 2019, the growth of the market remained at a somewhat lower figure.

Cereals Production in Singapore

In value terms, cereals production surged to $X in 2019 estimated in export prices. Overall, production, however, showed a significant increase. The pace of growth appeared the most rapid in 2014 when the production volume increased by X% year-to-year. Cereals production peaked in 2019 and is expected to retain growth in the near future.

In 2019, the average yield of cereals in Singapore amounted to X kg per ha, therefore, remained relatively stable against the year before. Overall, the yield continues to indicate 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.

The cereals harvested area in Singapore totaled X ha in 2019, remaining constant against 2018 figures. Over the period under review, the harvested area continues to indicate a relatively flat trend pattern.

Cereals Exports

Exports from Singapore

In 2019, the amount of cereals exported from Singapore rose to X tonnes, surging by X% compared with the year before. In general, exports saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2009 when exports increased by X% against the previous year. Over the period under review, exports reached the peak figure at X tonnes in 2013; however, from 2014 to 2019, exports failed to regain the momentum.

In value terms, cereals exports stood at $X in 2019. Over the period under review, exports saw a perceptible slump. The growth pace was the most rapid in 2009 when exports increased by X% year-to-year. Exports peaked at $X in 2013; however, from 2014 to 2019, exports remained at a lower figure.

Exports by Country

Israel (X tonnes) was the main destination for cereals exports from Singapore, with a X% share of total exports. Moreover, cereals exports to Israel exceeded the volume sent to the second major destination, Zimbabwe (X tonnes), threefold. Indonesia (X tonnes) ranked third in terms of total exports with a X% share.

From 2007 to 2018, the average annual rate of growth in terms of volume to Israel totaled +X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Zimbabwe (+X% per year) and Indonesia (-X% per year).

In value terms, the largest markets for cereals exported from Singapore were Israel ($X), Zimbabwe ($X) and Indonesia ($X), together comprising X% of total exports.

In terms of the main countries of destination, Zimbabwe recorded the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced mixed trend patterns.

Export Prices by Country

In 2018, the average cereals export price amounted to $X per tonne, standing approx. at the previous year. Over the period under review, the export price showed a noticeable contraction. The most prominent rate of growth was recorded in 2014 when the average export price increased by X% year-to-year. As a result, export price attained the peak level of $X per tonne. From 2015 to 2018, the growth in terms of the average export prices remained at a somewhat lower figure.

Prices varied noticeably by the country of destination; the country with the highest price was Zimbabwe ($X per tonne), while the average price for exports to Israel ($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 Zimbabwe, while the prices for the other major destinations experienced mixed trend patterns.

Cereals Imports

Imports into Singapore

In 2019, purchases abroad of cereals decreased by -X% to X tonnes, falling for the second year in a row after two years of growth. Over the period under review, imports showed a relatively flat trend pattern. The growth pace was the most rapid in 2017 when imports increased by X% year-to-year. As a result, imports attained the peak of X tonnes. From 2018 to 2019, the growth imports remained at a lower figure.

In value terms, cereals imports amounted to $X in 2019. Overall, total imports indicated measured growth from 2007 to 2019: its value decreased at an average annual rate of -X% over the last twelve-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2019 figures, imports increased by +X% against 2016 indices. The most prominent rate of growth was recorded in 2011 with an increase of X% against the previous year. Over the period under review, imports hit record highs at $X in 2013; however, from 2014 to 2019, imports stood at a somewhat lower figure.

Imports by Country

Australia (X tonnes), the U.S. (X tonnes) and Malaysia (X tonnes) were the main suppliers of cereals imports to Singapore, together comprising X% of total imports.

From 2007 to 2018, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Malaysia, while imports for the other leaders experienced more modest paces of growth.

In value terms, Australia ($X), the U.S. ($X) and Malaysia ($X) appeared to be the largest cereals suppliers to Singapore, with a combined X% share of total imports.

Among the main suppliers, Australia recorded the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2018, the average cereals import price amounted to $X per tonne, increasing by X% against the previous year. Over the period under review, the import price showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2008 when the average import price increased by X% y-o-y. Over the period under review, average import prices hit record highs at $X per tonne in 2011; however, from 2012 to 2018, import prices stood at a somewhat lower figure.

Prices varied noticeably by the country of origin; the country with the highest price was Canada ($X per tonne), while the price for the U.S. ($X per tonne) was amongst the lowest.

From 2007 to 2018, the most notable rate of growth in terms of prices was attained by Australia, while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox AI Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for cereals in the world?
+
The countries with the highest volumes of cereals consumption in 2019 were China (645M tonnes), the U.S. (405M tonnes) and India (324M tonnes), with a combined 45% share of global consumption. These countries were followed by Indonesia, Brazil, Bangladesh, Viet Nam, Russia, Mexico and Egypt, which together accounted for a further 16%.
What are the largest producers of cereals in the world?
+
The countries with the highest volumes of cereals production in 2019 were China (628M tonnes), the U.S. (473M tonnes) and India (324M tonnes), with a combined 47% share of global production. Indonesia, Russia, Brazil, Ukraine, Argentina, France, Bangladesh, Canada and Viet Nam lagged somewhat behind, together accounting for a further 24%.
What are the leading suppliers of cereals to Singapore?
+
In value terms, Australia ($27M), the U.S. ($18M) and Malaysia ($6.6M) appeared to be the largest cereals suppliers to Singapore, together accounting for 81% of total imports.
What are the leading importers of cereals from Singapore?
+
In value terms, the largest markets for cereals exported from Singapore were Israel ($4M), Zimbabwe ($3.6M) and Indonesia ($922K), with a combined 89% share of total exports.
What is the average export price for cereals in Singapore?
+
In 2018, the average cereals export price amounted to $209 per tonne, approximately equating the previous year.
What is the average import price for cereals in Singapore?
+
The average cereals import price stood at $221 per tonne in 2018, growing by 7% against the previous year.

Product coverage:
• FCL 108 - Cereals, nes
• FCL 103 - Mixed grain
• FCL 92 - Quinoa
• FCL 15 - Wheat
• FCL 71 - Rye
• FCL 44 - Barley
• FCL 75 - Oats
• FCL 56 - Maize
• FCL 27 - Rice, paddy
• FCL 83 - Sorghum
• FCL 89 - Buckwheat
• FCL 101 - Canary seed
• FCL 94 - Fonio
• FCL 97 - Triticale
• FCL 79 - Millet

This report provides an in-depth analysis of the cereals 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 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 2007–2019
8.2
IMPORTS BY COUNTRY
8.3
IMPORT PRICES BY COUNTRY
9. EXPORTS

The Largest Destinations for Exports

9.1
EXPORTS FROM 2007–2019
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 2019
Table 2:
Market Volume, In Physical Terms, 2007–2019
Table 3:
Market Value, 2007–2019
Table 4:
Per Capita Consumption In 2007–2019
Table 5:
Imports, In Physical Terms, By Country, 2007–2019
Table 6:
Imports, In Value Terms, By Country, 2007–2019
Table 7:
Import Prices, By Country Of Origin, 2007–2019
Table 8:
Exports, In Physical Terms, By Country, 2007–2019
Table 9:
Exports, In Value Terms, By Country, 2007–2019
Table 10:
Export Prices, By Country Of Destination, 2007–2019
LIST OF FIGURES
Figure 1:
Market Volume, In Physical Terms, 2007–2019
Figure 2:
Market Value, 2007–2019
Figure 3:
Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2007–2019
Figure 4:
Market Structure – Domestic Supply vs. Imports, In Value Terms, 2007–2019
Figure 5:
Trade Balance, In Physical Terms, 2007–2019
Figure 6:
Trade Balance, In Value Terms, 2007–2019
Figure 7:
Per Capita Consumption, 2007–2019
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, 2007–2019
Figure 22:
Production, In Value Terms, 2007–2019
Figure 23:
Area Harvested, 2007–2019
Figure 24:
Yield, 2007–2019
Figure 25:
Imports, In Physical Terms, 2007–2019
Figure 26:
Imports, In Value Terms, 2007–2019
Figure 27:
Imports, In Physical Terms, By Country, 2019
Figure 28:
Imports, In Physical Terms, By Country, 2007–2019
Figure 29:
Imports, In Value Terms, By Country, 2007–2019
Figure 30:
Import Prices, By Country Of Origin, 2007–2019
Figure 31:
Exports, In Physical Terms, 2007–2019
Figure 32:
Exports, In Value Terms, 2007–2019
Figure 33:
Exports, In Physical Terms, By Country, 2019
Figure 34:
Exports, In Physical Terms, By Country, 2007–2019
Figure 35:
Exports, In Value Terms, By Country, 2007–2019
Figure 36:
Export Prices, By Country Of Destination, 2007–2019

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