Report Singapore - Fish Fats and Oils - Market Analysis, Forecast, Size, Trends and Insights for 499$
Latest Report Update: Jan 26, 2023

Singapore - Fish Fats and Oils - Market Analysis, Forecast, Size, Trends and Insights

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Singapore: Market for Fish Fats And Oils 2023

Market Size for Fish Fats And Oils in Singapore

In 2021, the Singaporean fish fat and oil market decreased by -6.4% to $X for the first time since 2018, thus ending a two-year rising trend. In general, consumption, however, recorded a buoyant increase. Fish fat and oil consumption peaked at $X in 2020, and then fell in the following year.

Production of Fish Fats And Oils in Singapore

In value terms, fish fat and oil production shrank modestly to $X in 2021 estimated in export price. Overall, production, however, showed a prominent expansion. The pace of growth appeared the most rapid in 2019 with an increase of 53%. Fish fat and oil production peaked at $X in 2020, and then contracted modestly in the following year.

Exports of Fish Fats And Oils

Exports from Singapore

In 2021, approx. X tons of fish fats and oils were exported from Singapore; increasing by 36% compared with the previous year's figure. Overall, exports, however, continue to indicate a abrupt descent. The most prominent rate of growth was recorded in 2016 with an increase of 231% against the previous year. Over the period under review, the exports attained the peak figure at X tons in 2013; however, from 2014 to 2021, the exports failed to regain momentum.

In value terms, fish fat and oil exports soared to $X in 2021. Over the period under review, exports, however, recorded a noticeable setback. The pace of growth appeared the most rapid in 2016 with an increase of 241%. Over the period under review, the exports reached the peak figure at $X in 2013; however, from 2014 to 2021, the exports failed to regain momentum.

Exports by Country

Indonesia (X tons) was the main destination for fish fat and oil exports from Singapore, with a 65% share of total exports. Moreover, fish fat and oil exports to Indonesia exceeded the volume sent to the second major destination, Malaysia (X tons), threefold. The third position in this ranking was held by China (X tons), with a 7.3% share.

From 2012 to 2021, the average annual growth rate of volume to Indonesia totaled +12.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: Malaysia (-17.6% per year) and China (+56.9% per year).

In value terms, Malaysia ($X) remains the key foreign market for fish fats and oils exports from Singapore, comprising 71% of total exports. The second position in the ranking was taken by Indonesia ($X), with a 21% share of total exports. It was followed by China, with a 3.3% share.

From 2012 to 2021, the average annual rate of growth in terms of value to Malaysia stood at -6.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: Indonesia (+2.7% per year) and China (+62.9% per year).

Export Prices by Country

In 2021, the average fish fat and oil export price amounted to $X per ton, with an increase of 24% against the previous year. In general, the export price posted a measured expansion. The growth pace was the most rapid in 2019 when the average export price increased by 77% against the previous year. The export price peaked in 2021 and is expected to retain growth in the immediate term.

Prices varied noticeably country of destination: the country with the highest price was Malaysia ($X per ton), while the average price for exports to Indonesia ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Malaysia (+14.2%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Fish Fats And Oils

Imports into Singapore

In 2021, after four years of growth, there was significant decline in supplies from abroad of fish fats and oils, when their volume decreased by -8.5% to X tons. Overall, imports, however, recorded a resilient increase. The growth pace was the most rapid in 2015 when imports increased by 56% against the previous year. Over the period under review, imports hit record highs at X tons in 2020, and then contracted in the following year.

In value terms, fish fat and oil imports expanded rapidly to $X in 2021. Over the period under review, imports, however, posted a strong expansion. The growth pace was the most rapid in 2015 when imports increased by 90% against the previous year. As a result, imports reached the peak of $X. From 2016 to 2021, the growth of imports remained at a somewhat lower figure.

Imports by Country

In 2021, Vietnam (X tons) was the main fish fat and oil supplier to Singapore, with a approx. 98% share of total imports.

From 2012 to 2021, the average annual growth rate of volume from Vietnam totaled +9.6%.

In value terms, Vietnam ($X) constituted the largest supplier of fish fats and oils to Singapore.

From 2012 to 2021, the average annual growth rate of value from Vietnam stood at +6.0%.

Import Prices by Country

In 2021, the average fish fat and oil import price amounted to $X per ton, rising by 17% against the previous year. Overall, the import price, however, showed a noticeable reduction. The pace of growth appeared the most rapid in 2015 an increase of 22% against the previous year. Over the period under review, average import prices hit record highs at $X per ton in 2016; however, from 2017 to 2021, import prices stood at a somewhat lower figure.

As there is only one major supplying country, the average price level is determined by prices for Vietnam.

From 2012 to 2021, the rate of growth in terms of prices for Vietnam amounted to -3.3% per year.

Source: IndexBox Market Intelligence Platform

Base Year Historical Period Forecast Period Units
2022 2012-2022 2023-2030 US$, Tons

Frequently Asked Questions (FAQ) :

What are the largest markets for fish fats and oils in the world?
+
The country with the largest volume of fish fat and oil consumption was Norway, accounting for 98% of total volume.
What are the largest producers of fish fats and oils in the world?
+
Norway remains the largest fish fat and oil producing country worldwide, comprising approx. 98% of total volume.
What are the leading suppliers of fish fats and oils to Singapore?
+
In value terms, Vietnam constituted the largest supplier of fish fats and oils to Singapore.
What are the leading importers of fish fats and oils from Singapore?
+
In value terms, Malaysia remains the key foreign market for fish fats and oils exports from Singapore, comprising 71% of total exports. The second position in the ranking was taken by Indonesia, with a 21% share of total exports. It was followed by China, with a 3.3% share.
What is the average export price for fish fats and oils in Singapore?
+
In 2021, the average fish fat and oil export price amounted to $12,811 per ton, growing by 24% against the previous year.
What is the average import price for fish fats and oils in Singapore?
+
In 2021, the average fish fat and oil import price amounted to $8,756 per ton, rising by 17% against the previous year.

This report provides an in-depth analysis of the market for fish fat and oil 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 2030.


Product coverage:
• Prodcom 10411200 - Fats and oils and their fractions of fish or marine mammals (excluding chemically modified)
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
REPORT DESCRIPTION
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 PRODUCT

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 2012–2022
8.2
IMPORTS BY COUNTRY
8.3
IMPORT PRICES BY COUNTRY
9. EXPORTS

The Largest Destinations for Exports

9.1
EXPORTS FROM 2012–2022
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 2022
Table 2:
Market Volume, In Physical Terms, 2012–2022
Table 3:
Market Value, 2012–2022
Table 4:
Per Capita Consumption In 2007-2022
Table 5:
Imports, In Physical Terms, By Country, 2012–2022
Table 6:
Imports, In Value Terms, By Country, 2012–2022
Table 7:
Import Prices, By Country Of Origin, 2012–2022
Table 8:
Exports, In Physical Terms, By Country, 2012–2022
Table 9:
Exports, In Value Terms, By Country, 2012–2022
Table 10:
Export Prices, By Country Of Destination, 2012–2022
LIST OF FIGURES
Figure 1:
Market Volume, In Physical Terms, 2012–2022
Figure 2:
Market Value, 2012–2022
Figure 3:
Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2007-2022
Figure 4:
Market Structure – Domestic Supply vs. Imports, In Value Terms, 2007-2022
Figure 5:
Trade Balance, In Physical Terms, 2007-2022
Figure 6:
Trade Balance, In Value Terms, 2007-2022
Figure 7:
Per Capita Consumption, 2007-2022
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:
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, 2012–2022
Figure 21:
Production, In Value Terms, 2012–2022
Figure 22:
Imports, In Physical Terms, 2012–2022
Figure 23:
Imports, In Value Terms, 2012–2022
Figure 24:
Imports, In Physical Terms, By Country, 2022
Figure 25:
Imports, In Physical Terms, By Country, 2012–2022
Figure 26:
Imports, In Value Terms, By Country, 2012–2022
Figure 27:
Import Prices, By Country Of Origin, 2012–2022
Figure 28:
Exports, In Physical Terms, 2012–2022
Figure 29:
Exports, In Value Terms, 2012–2022
Figure 30:
Exports, In Physical Terms, By Country, 2022
Figure 31:
Exports, In Physical Terms, By Country, 2012–2022
Figure 32:
Exports, In Value Terms, By Country, 2012–2022
Figure 33:
Export Prices, By Country Of Destination, 2012–2022
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