Singapore: Green Coffee Market 2024

Green Coffee Market Size in Singapore

The Singaporean green coffee market soared to $X in 2022, with an increase of 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). Overall, consumption, however, recorded a mild slump. Over the period under review, the market reached the maximum level at $X in 2012; however, from 2013 to 2022, consumption stood at a somewhat lower figure.

Green Coffee Exports

Exports from Singapore

In 2022, shipments abroad of coffee (green) increased by X% to X tons, rising for the second consecutive year after two years of decline. In general, total exports indicated a slight expansion 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, exports increased by X% against 2020 indices. The most prominent rate of growth was recorded in 2018 with an increase of X%. As a result, the exports reached the peak of X tons. From 2019 to 2022, the growth of the exports failed to regain momentum.

In value terms, green coffee exports amounted to $X in 2022. Overall, exports showed a pronounced increase. The most prominent rate of growth was recorded in 2018 with an increase of X% against the previous year. As a result, the exports attained the peak of $X. From 2019 to 2022, the growth of the exports remained at a somewhat lower figure.

Exports by Country

Malaysia (X tons), the United States (X tons) and the Philippines (X tons) were the main destinations of green coffee exports from Singapore, with a combined X% share of total exports. Thailand, Indonesia, Vietnam, Bangladesh, Hong Kong SAR, Germany, Japan and China lagged somewhat behind, together comprising a further X%.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Vietnam (with a CAGR of X%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for green coffee exported from Singapore were Malaysia ($X), the United States ($X) and the Philippines ($X), with a combined X% share of total exports. Indonesia, Thailand, Vietnam, Bangladesh, Hong Kong SAR, Germany, Japan and China lagged somewhat behind, together comprising a further X%.

Among the main countries of destination, Vietnam, with a CAGR of X%, saw the highest growth rate of 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 green coffee export price stood at $X per ton in 2022, flattening at the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of X%. The pace of growth appeared the most rapid in 2021 when the average export price increased by X%. The export price peaked in 2022 and is expected to retain growth in the near future.

There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Indonesia ($X per ton), while the average price for exports to Thailand ($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.

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Green Coffee Imports

Imports into Singapore

In 2022, the amount of coffee (green) imported into Singapore surged to X tons, growing by X% against 2021. In general, imports, however, saw a relatively flat trend pattern. The growth pace was the most rapid in 2015 when imports increased by X% against the previous year. As a result, imports attained the peak of X tons. From 2016 to 2022, the growth of imports remained at a somewhat lower figure.

In value terms, green coffee imports skyrocketed to $X in 2022. Overall, imports, however, showed a mild contraction. Imports peaked at $X in 2012; however, from 2013 to 2022, imports stood at a somewhat lower figure.

Imports by Country

In 2022, Indonesia (X tons) constituted the largest supplier of green coffee to Singapore, accounting for a X% share of total imports. Moreover, green coffee imports from Indonesia exceeded the figures recorded by the second-largest supplier, Brazil (X tons), fourfold. The third position in this ranking was held by Colombia (X tons), with a X% share.

From 2012 to 2022, the average annual growth rate of volume from Indonesia stood at X%. The remaining supplying countries recorded the following average annual rates of imports growth: Brazil (X% per year) and Colombia (X% per year).

In value terms, Indonesia ($X) constituted the largest supplier of coffee (green) to Singapore, comprising X% of total imports. The second position in the ranking was taken by Brazil ($X), with an X% share of total imports. It was followed by Colombia, with an X% share.

From 2012 to 2022, the average annual growth rate of value from Indonesia amounted to X%. The remaining supplying countries recorded the following average annual rates of imports growth: Brazil (X% per year) and Colombia (X% per year).

Import Prices by Country

The average green coffee import price stood at $X per ton in 2022, growing by X% against the previous year. In general, the import price, however, saw a relatively flat trend pattern. The import price peaked at $X per ton in 2012; however, from 2013 to 2022, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Ethiopia ($X per ton), while the price for Vietnam ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Ethiopia (X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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