Singapore: Market for Dried Cod, Whether Or Not Salted 2021

Market Size for Dried Cod, Whether Or Not Salted in Singapore

The Singaporean market for dried cod, whether or not salted was finally on the rise to reach $X in 2019, after five years of decline. Overall, consumption, however, saw a slight curtailment. Over the period under review, the market attained the maximum level at $X in 2009; however, from 2010 to 2019, consumption remained at a lower figure.

Exports of Dried Cod, Whether Or Not Salted

Exports from Singapore

After twelve years of growth, shipments abroad of dried cod, whether or not salted decreased by -X% to X tons in 2019. Overall, exports, however, enjoyed a remarkable increase. The growth pace was the most rapid in 2008 when exports increased by X% year-to-year. Over the period under review, exports hit record highs at X tons in 2018, and then contracted rapidly in the following year.

In value terms, exports of dried cod, whether or not salted declined markedly to $X in 2019. In general, exports, however, continue to indicate resilient growth. The pace of growth appeared the most rapid in 2008 with an increase of X% y-o-y. Over the period under review, exports reached the peak figure at $X in 2018, and then reduced notably in the following year.

Exports by Country

The Philippines (X tons) was the main destination for exports of dried cod, whether or not salted from Singapore, accounting for a X% share of total exports. Moreover, exports of dried cod, whether or not salted to the Philippines exceeded the volume sent to the second major destination, Timor-Leste (X kg), tenfold. Myanmar (X kg) ranked third in terms of total exports with a X% share.

From 2007 to 2019, the average annual growth rate of volume to the Philippines stood at +X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Timor-Leste (+X% per year) and Myanmar (+X% per year).

In value terms, the Philippines ($X) remains the key foreign market for dried cod, whether or not salted exports from Singapore, comprising X% of total exports. The second position in the ranking was occupied by Timor-Leste ($X), with a X% share of total exports. It was followed by Maldives, with a X% share.

From 2007 to 2019, the average annual growth rate of value to the Philippines amounted to +X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Timor-Leste (+X% per year) and Maldives (+X% per year).

Export Prices by Country

In 2019, the average export price for dried cod, whether or not salted amounted to $X per ton, increasing by X% against the previous year. Overall, the export price showed a relatively flat trend pattern. Over the period under review, average export prices reached the maximum at $X per ton in 2011; however, from 2012 to 2019, export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major external markets. In 2019, the country with the highest price was Maldives ($X per ton), while the average price for exports to Myanmar ($X per ton) was amongst the lowest.

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

Imports of Dried Cod, Whether Or Not Salted

Imports into Singapore

In 2019, purchases abroad of dried cod, whether or not salted was finally on the rise to reach X tons after four years of decline. In general, imports recorded a mild increase. The growth pace was the most rapid in 2008 when imports increased by X% y-o-y. Over the period under review, imports hit record highs at X tons in 2009; however, from 2010 to 2019, imports remained at a lower figure.

In value terms, imports of dried cod, whether or not salted stood at $X in 2019. Overall, imports recorded a measured expansion. The pace of growth was the most pronounced in 2008 with an increase of X% y-o-y. Over the period under review, imports attained the maximum at $X in 2011; however, from 2012 to 2019, imports remained at a lower figure.

Imports by Country

In 2019, Myanmar (X tons) constituted the largest supplier of dried cod, whether or not salted to Singapore, with a X% share of total imports. Moreover, imports of dried cod, whether or not salted from Myanmar exceeded the figures recorded by the second-largest supplier, Norway (X tons), threefold. The third position in this ranking was occupied by Taiwan (Chinese) (X kg), with a X% share.

From 2007 to 2019, the average annual rate of growth in terms of volume from Myanmar was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: Norway (+X% per year) and Taiwan (Chinese) (+X% per year).

In value terms, the largest dried cod, whether or not salted suppliers to Singapore were Norway ($X), Myanmar ($X) and Greece ($X), together comprising X% of total imports. These countries were followed by Malaysia and Taiwan (Chinese), which together accounted for a further X terms of the main suppliers, Taiwan (Chinese) saw the highest growth rate of 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 import price for dried cod, whether or not salted stood at $X per ton in 2019, shrinking by -X% against the previous year. In general, the import price, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2008 an increase of X% y-o-y. As a result, import price reached the peak level of $X per ton. From 2009 to 2019, the growth in terms of the average import prices remained at a lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2019, the country with the highest price was Greece ($X per ton), while the price for Taiwan (Chinese) ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

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