Latest Report Update: Nov 15, 2021

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

Sour Cherry Market Size in Singapore

The Singaporean sour cherry market surged to $X in 2020, picking up by X% against the previous year. Overall, consumption recorded a significant expansion. As a result, consumption attained the peak level and is likely to continue growth in the immediate term.

Sour Cherry Production in Singapore

In value terms, sour cherry production amounted to $X in 2020 estimated in export prices. Overall, production showed a strong expansion. Over the period under review, production hit record highs in 2020 and is expected to retain growth in the near future.

In 2020, the average sour cherry yield in Singapore amounted to X kg per ha, remaining stable against the previous year's figure. Over the period under review, 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.

In 2020, the total area harvested in terms of sour cherries production in Singapore was estimated at X ha, standing approx. at 2019 figures. Over the period under review, the harvested area continues to indicate a relatively flat trend pattern.

Sour Cherry Exports

Exports from Singapore

In 2020, the amount of sour cherries exported from Singapore surged to X tonnes, rising by X% against the previous year's figure. Over the period under review, exports saw a resilient expansion. The most prominent rate of growth was recorded in 2017 with an increase of X% y-o-y. Exports peaked at X tonnes in 2018; however, from 2019 to 2020, exports failed to regain the momentum.

In value terms, sour cherry exports expanded markedly to $X in 2020. In general, exports enjoyed prominent growth. The most prominent rate of growth was recorded in 2015 with an increase of X% y-o-y. Exports peaked at $X in 2018; however, from 2019 to 2020, exports failed to regain the momentum.

Exports by Country

Malaysia (X tonnes), Cambodia (X tonnes) and Brunei Darussalam (X tonnes) were the main destinations of sour cherry exports from Singapore, with a combined X% share of total exports.

From 2012 to 2020, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Malaysia, while exports for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for sour cherry exported from Singapore were Malaysia ($X), Cambodia ($X) and Brunei Darussalam ($X), together accounting for X% of total exports.

In terms of the main countries of destination, Malaysia 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 more modest paces of growth.

Export Prices by Country

The average sour cherry export price stood at $X per tonne in 2020, which is down by -X% against the previous year. Overall, the export price continues to indicate a abrupt slump. The pace of growth was the most pronounced in 2016 an increase of X% year-to-year. As a result, export price reached the peak level of $X per tonne. from 2017 to 2020, the growth in terms of the average export prices remained at a lower figure.

Average prices varied noticeably for the major foreign markets. In 2020, the country with the highest price was Brunei Darussalam ($X per tonne), while the average price for exports to Cambodia ($X per tonne) was amongst the lowest.

From 2012 to 2020, the most notable rate of growth in terms of prices was recorded for supplies to Cambodia, while the prices for the other major destinations experienced a decline.

Sour Cherry Imports

Imports into Singapore

In 2020, the amount of sour cherries imported into Singapore skyrocketed to X tonnes, with an increase of X% against the year before. Over the period under review, imports posted a significant increase. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, sour cherry imports soared to $X in 2020. Overall, imports continue to indicate a significant increase. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

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

From 2012 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 sour cherry suppliers to Singapore were Australia ($X), the U.S. ($X) and Chile ($X), together accounting for X% of total imports. Turkey, Argentina, Canada and New Zealand lagged somewhat behind, together accounting for a further X terms of the main suppliers, Turkey (+X% per year) saw 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 sour cherry import price stood at $X per tonne in 2020, dropping by -X% against the previous year. In general, the import price recorded a abrupt setback. The pace of growth appeared the most rapid in 2019 when the average import price increased by X% y-o-y. The import price peaked at $X per tonne in 2012; however, from 2013 to 2020, import prices failed to regain the momentum.

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

From 2012 to 2020, the most notable rate of growth in terms of prices was attained by Chile, 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 sour cherries in the world?
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The countries with the highest volumes of sour cherry consumption in 2020 were Russia (250K tonnes), Turkey (182K tonnes) and Ukraine (171K tonnes), with a combined 42% share of global consumption. Poland, Iran, the U.S., Serbia, Uzbekistan, Hungary, Azerbaijan, Germany and Belarus lagged somewhat behind, together accounting for a further 50%.
What are the largest producers of sour cherries in the world?
+
The countries with the highest volumes of sour cherry production in 2020 were Russia (243K tonnes), Turkey (182K tonnes) and Ukraine (171K tonnes), together accounting for 42% of global production. Poland, Iran, the U.S., Serbia, Uzbekistan, Hungary and Azerbaijan lagged somewhat behind, together comprising a further 48%.
What are the leading suppliers of sour cherries to Singapore?
+
In value terms, Australia ($3.7M), the U.S. ($3.1M) and Chile ($1.1M) constituted the largest sour cherry suppliers to Singapore, together accounting for 74% of total imports. These countries were followed by Turkey, Argentina, Canada and New Zealand, which together accounted for a further 24%.
What are the leading importers of sour cherries from Singapore?
+
In value terms, the largest markets for sour cherry exported from Singapore were Malaysia ($223K), Cambodia ($198K) and Brunei Darussalam ($59K), together accounting for 100% of total exports.
What is the average export price for sour cherries in Singapore?
+
The average sour cherry export price stood at $3,508 per tonne in 2020, dropping by -14.5% against the previous year.
What is the average import price for sour cherries in Singapore?
+
In 2020, the average sour cherry import price amounted to $3,335 per tonne, which is down by -36.1% against the previous year.

Product coverage:
• FCL 530 - Sour cherries

This report provides an in-depth analysis of the sour 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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