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

Cherry Market Size in Singapore

The Singaporean cherry market soared to $X in 2020, increasing 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, consumption continues to indicate resilient growth. The pace of growth was the most pronounced in 2018 when the market value increased by X% year-to-year. As a result, consumption attained the peak level of $X. from 2019 to 2020, the growth of the market remained at a somewhat lower figure.

Cherry Exports

Exports from Singapore

In 2020, overseas shipments of cherries increased by X% to X tonnes, rising for the second year in a row after eight years of decline. Overall, exports showed a resilient increase. As a result, exports reached the peak and are likely to continue growth in the immediate term.

In value terms, cherry exports skyrocketed to $X in 2020. Over the period under review, exports continue to indicate a significant expansion. As a result, exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

Malaysia (X tonnes), Brunei Darussalam (X tonnes) and Cambodia (X tonnes) were the main destinations of cherry exports from Singapore, together accounting for X% of total exports.

From 2007 to 2020, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Malaysia (+X% per year), while exports for the other leaders experienced more modest paces of growth.

In value terms, Malaysia ($X), Brunei Darussalam ($X) and Cambodia ($X) were the largest markets for cherry exported from Singapore worldwide, with a combined X% share of total exports.

Malaysia (+X% per year) recorded the highest growth rate of the value of exports, in terms of the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average cherry export price stood at $X per tonne in 2020, declining by -X% against the previous year. Over the period under review, the export price, however, continues to indicate a buoyant expansion. The growth pace was the most rapid in 2013 when the average export price increased by X% against the previous year. The export price peaked at $X per tonne in 2018; however, from 2019 to 2020, export prices failed to regain the momentum.

Average prices varied somewhat for the major external markets. In 2020, the highest prices were recorded for prices to Indonesia ($X per tonne) and Brunei Darussalam ($X per tonne), while the average price for exports to Cambodia ($X per tonne) and Malaysia ($X per tonne) were amongst the lowest.

From 2007 to 2020, the most notable rate of growth in terms of prices was recorded for supplies to Indonesia, while the prices for the other major destinations experienced more modest paces of growth.

Cherry Imports

Imports into Singapore

In 2020, the amount of cherries imported into Singapore skyrocketed to X tonnes, picking up by X% against the previous year. Overall, imports saw a strong expansion. The pace of growth appeared the most rapid in 2009 when imports increased by X% against the previous year. Imports peaked in 2020 and are likely to continue growth in the immediate term.

In value terms, cherry imports skyrocketed to $X in 2020. In general, imports recorded resilient growth. The pace of growth was the most pronounced in 2018 with an increase of X% year-to-year. As a result, imports reached the peak of $X. from 2019 to 2020, the growth imports remained at a lower figure.

Imports by Country

Turkey (X tonnes), the U.S. (X tonnes) and Australia (X tonnes) were the main suppliers of cherry imports to Singapore, together accounting for X% of total imports.

From 2007 to 2020, the biggest increases were in Turkey (+X% per year), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest cherry suppliers to Singapore were Australia ($X), the U.S. ($X) and Turkey ($X), with a combined X% share of total imports.

Among the main suppliers, Turkey (+X% per year) 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

The average cherry import price stood at $X per tonne in 2020, declining by -X% against the previous year. Overall, the import price, however, continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2008 an increase of X% year-to-year. The import price peaked at $X per tonne in 2018; however, from 2019 to 2020, import prices stood at a somewhat lower figure.

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

From 2007 to 2020, the most notable rate of growth in terms of prices was attained by Canada, while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for cherries in the world?
+
The country with the largest volume of cherry consumption was Turkey (786K tonnes), accounting for 19% of total volume. Moreover, cherry consumption in Turkey exceeded the figures recorded by the second-largest consumer, the U.S. (384K tonnes), twofold. Russia (378K tonnes) ranked third in terms of total consumption with a 9.1% share.
What are the largest producers of cherries in the world?
+
The countries with the highest volumes of cherry production in 2020 were Turkey (875K tonnes), the U.S. (444K tonnes) and Chile (402K tonnes), with a combined 40% share of global production.
What are the leading suppliers of cherries to Singapore?
+
In value terms, Australia ($6.2M), the U.S. ($6.1M) and Turkey ($2.8M) appeared to be the largest cherry suppliers to Singapore, together accounting for 78% of total imports.
What are the leading importers of cherries from Singapore?
+
In value terms, Malaysia ($381K), Brunei Darussalam ($256K) and Cambodia ($198K) were the largest markets for cherry exported from Singapore worldwide, together accounting for 95% of total exports.
What is the average export price for cherries in Singapore?
+
In 2020, the average cherry export price amounted to $4,019 per tonne, with a decrease of -49.2% against the previous year.
What is the average import price for cherries in Singapore?
+
The average cherry import price stood at $5,566 per tonne in 2020, shrinking by -13.8% against the previous year.

Product coverage:
• FCL 530 - Sour cherries
• FCL 531 - Cherries

This report provides an in-depth analysis of the cherry 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

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 2007–2020
8.2
IMPORTS BY COUNTRY
8.3
IMPORT PRICES BY COUNTRY
9. EXPORTS

The Largest Destinations for Exports

9.1
EXPORTS FROM 2007–2020
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 2020
Table 2:
Market Volume, In Physical Terms, 2007–2020
Table 3:
Market Value, 2007–2020
Table 4:
Per Capita Consumption In 2007–2020
Table 5:
Imports, In Physical Terms, By Country, 2007–2020
Table 6:
Imports, In Value Terms, By Country, 2007–2020
Table 7:
Import Prices, By Country Of Origin, 2007–2020
Table 8:
Exports, In Physical Terms, By Country, 2007–2020
Table 9:
Exports, In Value Terms, By Country, 2007–2020
Table 10:
Export Prices, By Country Of Destination, 2007–2020
LIST OF FIGURES
Figure 1:
Market Volume, In Physical Terms, 2007–2020
Figure 2:
Market Value, 2007–2020
Figure 3:
Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2007–2020
Figure 4:
Market Structure – Domestic Supply vs. Imports, In Value Terms, 2007–2020
Figure 5:
Trade Balance, In Physical Terms, 2007–2020
Figure 6:
Trade Balance, In Value Terms, 2007–2020
Figure 7:
Per Capita Consumption, 2007–2020
Figure 8:
Market Forecast To 2030
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, 2007–2020
Figure 22:
Production, In Value Terms, 2007–2020
Figure 23:
Area Harvested, 2007–2020
Figure 24:
Yield, 2007–2020
Figure 25:
Imports, In Physical Terms, 2007–2020
Figure 26:
Imports, In Value Terms, 2007–2020
Figure 27:
Imports, In Physical Terms, By Country, 2020
Figure 28:
Imports, In Physical Terms, By Country, 2007–2020
Figure 29:
Imports, In Value Terms, By Country, 2007–2020
Figure 30:
Import Prices, By Country Of Origin, 2007–2020
Figure 31:
Exports, In Physical Terms, 2007–2020
Figure 32:
Exports, In Value Terms, 2007–2020
Figure 33:
Exports, In Physical Terms, By Country, 2020
Figure 34:
Exports, In Physical Terms, By Country, 2007–2020
Figure 35:
Exports, In Value Terms, By Country, 2007–2020
Figure 36:
Export Prices, By Country Of Destination, 2007–2020
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