Singapore: Cereals Market Overview 2021

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?

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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?

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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?

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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?

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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?

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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?

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The average cereals import price stood at $221 per tonne in 2018, growing by 7% against the previous year.