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Singapore - Condensed Or Evaporated Milk (Unsweetened) - Market Analysis, Forecast, Size, Trends And Insights
Update: COVID-19 Impact

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Singapore: Overview of the Market for Condensed Or Evaporated Milk (Unsweetened) 2021

Market Size for Condensed Or Evaporated Milk (Unsweetened) in Singapore

In 2019, the Singaporean market for condensed or evaporated milk (unsweetened) increased by X% to $X, rising for the fifth year in a row after two years of decline. Over the period under review, the total consumption indicated mild growth from 2007 to 2019: its value decreased at an average annual rate of -X% over the last twelve years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2019 figures, consumption increased by +X% against 2014 indices. The most prominent rate of growth was recorded in 2009 when the market value increased by X% year-to-year. Over the period under review, the market attained the maximum level at $X in 2012; however, from 2013 to 2019, consumption stood at a somewhat lower figure.

Production of Condensed Or Evaporated Milk (Unsweetened) in Singapore

In value terms, unsweetened condensed and evaporated milk production stood at $X in 2019 estimated in export prices. In general, the total production indicated a mild increase 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, production increased by +X% against 2014 indices. The pace of growth was the most pronounced in 2012 when the production volume increased by X% year-to-year. As a result, production attained the peak level of $X. From 2013 to 2019, production growth remained at a somewhat lower figure.

Exports of Condensed Or Evaporated Milk (Unsweetened)

Exports from Singapore

For the ninth year in a row, Singapore recorded decline in shipments abroad of condensed or evaporated milk (unsweetened), which decreased by -X% to X tonnes in 2019. Overall, exports faced a abrupt descent. The pace of growth was the most pronounced in 2010 when exports increased by X% y-o-y. Exports peaked at X tonnes in 2007; however, from 2008 to 2019, exports failed to regain the momentum.

In value terms, unsweetened condensed and evaporated milk exports dropped to $X in 2019. Over the period under review, exports saw a deep slump. The most prominent rate of growth was recorded in 2010 when exports increased by X% year-to-year. Exports peaked at $X in 2007; however, from 2008 to 2019, exports failed to regain the momentum.

Exports by Country

Hong Kong SAR (X tonnes) was the main destination for unsweetened condensed and evaporated milk exports from Singapore, with a X% share of total exports. Moreover, unsweetened condensed and evaporated milk exports to Hong Kong SAR exceeded the volume sent to the second major destination, Kuwait (X tonnes), fivefold. The third position in this ranking was occupied by Saudi Arabia (X tonnes), with a X% share.

From 2007 to 2019, the average annual rate of growth in terms of volume to Hong Kong SAR amounted to -X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Kuwait (-X% per year) and Saudi Arabia (+X% per year).

In value terms, Hong Kong SAR ($X) remains the key foreign market for unsweetened condensed and evaporated milk exports from Singapore, comprising X% of total exports. The second position in the ranking was occupied by Kuwait ($X), with a X% share of total exports. It was followed by Saudi Arabia, with a X% share.

From 2007 to 2019, the average annual growth rate of value to Hong Kong SAR stood at -X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Kuwait (-X% per year) and Saudi Arabia (+X% per year).

Export Prices by Country

The average export price for condensed or evaporated milk (unsweetened) stood at $X per tonne in 2019, surging by X% against the previous year. Over the period under review, export price indicated a prominent increase from 2007 to 2019: its price increased 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, unsweetened condensed and evaporated milk export price increased by +X% against 2009 indices. The most prominent rate of growth was recorded in 2011 when the average export price increased by X% year-to-year. Over the period under review, average export prices reached the peak figure in 2019 and is likely to see gradual growth in the near future.

Prices varied noticeably by the country of destination; the country with the highest price was Saudi Arabia ($X per tonne), while the average price for exports to the United Arab Emirates ($X per tonne) was amongst the lowest.

From 2007 to 2019, the most notable rate of growth in terms of prices was recorded for supplies to Kuwait, while the prices for the other major destinations experienced more modest paces of growth.

Imports of Condensed Or Evaporated Milk (Unsweetened)

Imports into Singapore

In 2019, imports of condensed or evaporated milk (unsweetened) into Singapore contracted to X tonnes, shrinking by -X% on the year before. In general, imports showed a pronounced decrease. The pace of growth was the most pronounced in 2018 with an increase of X% year-to-year. Imports peaked at X tonnes in 2007; however, from 2008 to 2019, imports failed to regain the momentum.

In value terms, unsweetened condensed and evaporated milk imports contracted to $X in 2019. Overall, imports recorded a pronounced decline. The growth pace was the most rapid in 2018 with an increase of X% year-to-year. Imports peaked at $X in 2007; however, from 2008 to 2019, imports failed to regain the momentum.

Imports by Country

Malaysia (X tonnes), Thailand (X tonnes) and New Zealand (X tonnes) were the main suppliers of unsweetened condensed and evaporated milk imports to Singapore, together comprising X% of total imports. These countries were followed by the Netherlands and Australia, which together accounted for a further X 2007 to 2019, the biggest increases were in the Netherlands, while purchases for the other leaders experienced more modest paces of growth.

In value terms, Thailand ($X), Malaysia ($X) and New Zealand ($X) were the largest unsweetened condensed and evaporated milk suppliers to Singapore, together comprising X% of total imports.

New Zealand saw the highest rates of growth with regard to the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average import price for condensed or evaporated milk (unsweetened) stood at $X per tonne in 2019, increasing by X% against the previous year. In general, the import price, however, saw a relatively flat trend pattern. The growth pace was the most rapid in 2008 an increase of X% against the previous year. Over the period under review, average import prices hit record highs at $X per tonne in 2014; however, from 2015 to 2019, import prices remained at a lower figure.

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

From 2007 to 2019, the most notable rate of growth in terms of prices was attained by New Zealand, while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox AI Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for condensed or evaporated milk (unsweetened) in the world?
+
The countries with the highest volumes of unsweetened condensed and evaporated milk consumption in 2019 were Peru (456K tonnes), the Netherlands (240K tonnes) and Russia (212K tonnes), together comprising 30% of global consumption. Germany, the U.S., Mexico, Singapore, Greece, China, Belgium, Oman, Belarus and the Czech Republic lagged somewhat behind, together accounting for a further 37%.
What are the largest producers of condensed or evaporated milk (unsweetened) in the world?
+
The countries with the highest volumes of unsweetened condensed and evaporated milk production in 2019 were Peru (521K tonnes), Germany (428K tonnes) and the Netherlands (344K tonnes), together accounting for 44% of global production. These countries were followed by the U.S., Russia, Mexico, Singapore, France, China, Belarus, the Czech Republic, Canada and Ukraine, which together accounted for a further 36%.
What are the leading suppliers of condensed or evaporated milk (unsweetened) to Singapore?
+
In value terms, the largest unsweetened condensed and evaporated milk suppliers to Singapore were Thailand ($796K), Malaysia ($735K) and New Zealand ($562K), together accounting for 80% of total imports.
What are the leading importers of condensed or evaporated milk (unsweetened) from Singapore?
+
In value terms, Hong Kong SAR ($5.2M) remains the key foreign market for unsweetened condensed and evaporated milk exports from Singapore, comprising 60% of total exports. The second position in the ranking was occupied by Kuwait ($1.3M), with a 15% share of total exports. It was followed by Saudi Arabia, with a 14% share.
What is the average export price for condensed or evaporated milk (unsweetened) in Singapore?
+
In 2019, the average export price for condensed or evaporated milk (unsweetened) amounted to $2,513 per tonne, surging by 3.2% against the previous year.
What is the average import price for condensed or evaporated milk (unsweetened) in Singapore?
+
In 2019, the average import price for condensed or evaporated milk (unsweetened) amounted to $1,434 per tonne, surging by 6.9% against the previous year.

Product coverage:
• FCL 894 - Whole Milk, Evaporated
• FCL 895 - Skim Milk, Evaporated

This report provides an in-depth analysis of the market for unsweetened condensed and evaporated milk 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
TOP EXPORTING COUNTRIES
5.4
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 VOLUME AND VALUE
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 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:
Exports And Growth
Figure 15:
Export Prices And Growth
Figure 16:
Market Size And Growth
Figure 17:
Per Capita Consumption
Figure 18:
Imports And Growth
Figure 19:
Import Prices
Figure 20:
Production, In Physical Terms, 2007–2020
Figure 21:
Production, In Value Terms, 2007–2020
Figure 22:
Imports, In Physical Terms, 2007–2020
Figure 23:
Imports, In Value Terms, 2007–2020
Figure 24:
Imports, In Physical Terms, By Country, 2020
Figure 25:
Imports, In Physical Terms, By Country, 2007–2020
Figure 26:
Imports, In Value Terms, By Country, 2007–2020
Figure 27:
Import Prices, By Country Of Origin, 2007–2020
Figure 28:
Exports, In Physical Terms, 2007–2020
Figure 29:
Exports, In Value Terms, 2007–2020
Figure 30:
Exports, In Physical Terms, By Country, 2020
Figure 31:
Exports, In Physical Terms, By Country, 2007–2020
Figure 32:
Exports, In Value Terms, By Country, 2007–2020
Figure 33:
Export Prices, By Country Of Destination, 2007–2020

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