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Singapore - Dairy Spreads - Market Analysis, Forecast, Size, Trends And Insights
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Singapore: Dairy Spread Market Overview 2021

Dairy Spread Market Size in Singapore

In 2019, the Singaporean dairy spread market decreased by -X% to $X for the first time since 2009, thus ending a nine-year rising trend. Over the period under review, the total consumption indicated resilient growth from 2007 to 2019: its value 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, consumption increased by +X% against 2007 indices. The most prominent rate of growth was recorded in 2010 with an increase of X% year-to-year. Dairy spread consumption peaked at $X in 2018, and then shrank in the following year.

Dairy Spread Production in Singapore

In value terms, dairy spread production expanded slightly to $X in 2019 estimated in export prices. In general, production continues to indicate a strong expansion. The most prominent rate of growth was recorded in 2008 with an increase of X% against the previous year. Dairy spread production peaked in 2019 and is likely to continue growth in years to come.

Dairy Spread Exports

Exports from Singapore

In 2019, approx. X tonnes of dairy spreads were exported from Singapore; picking up by X% on 2018. Overall, exports recorded a significant expansion. As a result, exports attained the peak and are likely to continue growth in the immediate term.

In value terms, dairy spread exports surged to $X in 2019. In general, exports showed a significant expansion. The pace of growth appeared the most rapid in 2009 with an increase of X% y-o-y. Exports peaked in 2019 and are likely to see steady growth in the immediate term.

Exports by Country

Bangladesh (X tonnes) was the main destination for dairy spread exports from Singapore, accounting for a X% share of total exports. Moreover, dairy spread exports to Bangladesh exceeded the volume sent to the second major destination, China (X tonnes), twofold. Indonesia (X tonnes) ranked third in terms of total exports with a X% share.

From 2007 to 2019, the average annual rate of growth in terms of volume to Bangladesh stood at +X%. Exports to the other major destinations recorded the following average annual rates of exports growth: China (+X% per year) and Indonesia (+X% per year).

In value terms, the largest markets for dairy spread exported from Singapore were China ($X), Bangladesh ($X) and Indonesia ($X), together accounting for X% of total exports.

Among the main countries of destination, Bangladesh (+X% per year) 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

In 2019, the average dairy spread export price amounted to $X per tonne, waning by -X% against the previous year. Over the period under review, the export price, however, saw a prominent expansion. The most prominent rate of growth was recorded in 2018 when the average export price increased by X% y-o-y. As a result, export price attained the peak level of $X per tonne, and then shrank notably in the following year.

There were significant differences in the average prices for the major export markets. In 2019, the country with the highest price was China ($X per tonne), while the average price for exports to Bangladesh ($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 Indonesia, while the prices for the other major destinations experienced more modest paces of growth.

Dairy Spread Imports

Imports into Singapore

In 2019, purchases abroad of dairy spreads increased by X% to X tonnes, rising for the second year in a row after three years of decline. Over the period under review, imports, however, continue to indicate a abrupt contraction. The most prominent rate of growth was recorded in 2009 with an increase of X% y-o-y. Imports peaked at X tonnes in 2007; however, from 2008 to 2019, imports remained at a lower figure.

In value terms, dairy spread imports skyrocketed to $X in 2019. Overall, imports, however, continue to indicate a abrupt curtailment. The pace of growth appeared the most rapid in 2009 when imports increased by X% y-o-y. Imports peaked at $X in 2013; however, from 2014 to 2019, imports failed to regain the momentum.

Imports by Country

In 2019, Australia (X tonnes) constituted the largest supplier of dairy spread to Singapore, accounting for a X% share of total imports. Moreover, dairy spread imports from Australia exceeded the figures recorded by the second-largest supplier, Denmark (X tonnes), sixfold. Saudi Arabia (X tonnes) ranked third in terms of total imports with a X% share.

From 2007 to 2019, the average annual growth rate of volume from Australia amounted to +X%. The remaining supplying countries recorded the following average annual rates of imports growth: Denmark (-X% per year) and Saudi Arabia (+X% per year).

In value terms, the largest dairy spread suppliers to Singapore were Australia ($X), the U.S. ($X) and Thailand ($X), with a combined X% share of total imports. These countries were followed by Denmark, Saudi Arabia, France, Belgium and the Philippines, which together accounted for a further X (+X% per year) 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

In 2019, the average dairy spread import price amounted to $X per tonne, which is down by -X% against the previous year. Overall, import 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, dairy spread import price decreased by -X% against 2015 indices. The pace of growth was the most pronounced in 2008 when the average import price increased by X% y-o-y. Over the period under review, average import prices attained the maximum at $X per tonne in 2015; however, from 2016 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 U.S. ($X per tonne), while the price for Australia ($X per tonne) was amongst the lowest.

From 2007 to 2019, the most notable rate of growth in terms of prices was attained by Thailand, 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 dairy spreads in the world?
+
The country with the largest volume of dairy spread consumption was China (455K tonnes), accounting for 18% of total volume. Moreover, dairy spread consumption in China exceeded the figures recorded by the second-largest consumer, the U.S. (207K tonnes), twofold. India (171K tonnes) ranked third in terms of total consumption with a 6.9% share.
What are the largest producers of dairy spreads in the world?
+
China (455K tonnes) remains the largest dairy spread producing country worldwide, accounting for 18% of total volume. Moreover, dairy spread production in China exceeded the figures recorded by the second-largest producer, the U.S. (207K tonnes), twofold. The third position in this ranking was occupied by India (172K tonnes), with a 6.9% share.
What are the leading suppliers of dairy spreads to Singapore?
+
In value terms, the largest dairy spread suppliers to Singapore were Australia ($110K), the U.S. ($71K) and Thailand ($58K), together accounting for 54% of total imports. Denmark, Saudi Arabia, France, Belgium and the Philippines lagged somewhat behind, together accounting for a further 33%.
What are the leading importers of dairy spreads from Singapore?
+
In value terms, the largest markets for dairy spread exported from Singapore were China ($1.6M), Bangladesh ($1.4M) and Indonesia ($761K), with a combined 82% share of total exports.
What is the average export price for dairy spreads in Singapore?
+
The average dairy spread export price stood at $7,749 per tonne in 2019, declining by -27.6% against the previous year.
What is the average import price for dairy spreads in Singapore?
+
In 2019, the average dairy spread import price amounted to $5,977 per tonne, waning by -6.2% against the previous year.

Product coverage:
• Prodcom 10513070 - Dairy spreads of a fat content by weight < .80 %

This report provides an in-depth analysis of the dairy spread 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

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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