Singapore: Baby Food Market 2024

Baby Food Market Size in Singapore

After eight years of decline, the Singaporean baby food market increased by X% to $X in 2022. Overall, consumption, however, showed a relatively flat trend pattern. Baby food consumption peaked at $X in 2013; however, from 2014 to 2022, consumption stood at a somewhat lower figure.

Baby Food Production in Singapore

In value terms, baby food production rose markedly to $X in 2022 estimated in export price. Overall, production, however, showed a pronounced descent. The most prominent rate of growth was recorded in 2020 when the production volume increased by X% against the previous year. Over the period under review, production reached the maximum level at $X in 2013; however, from 2014 to 2022, production stood at a somewhat lower figure.

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Baby Food Exports

Exports from Singapore

In 2022, after two years of growth, there was significant decline in shipments abroad of food preparations for infants, when their volume decreased by X% to X tons. In general, exports showed a noticeable shrinkage. The most prominent rate of growth was recorded in 2020 when exports increased by X%. Over the period under review, the exports attained the peak figure at X tons in 2013; however, from 2014 to 2022, the exports remained at a lower figure.

In value terms, baby food exports reduced rapidly to $X in 2022. Overall, exports showed a deep reduction. The most prominent rate of growth was recorded in 2020 with an increase of X% against the previous year. Over the period under review, the exports reached the peak figure at $X in 2013; however, from 2014 to 2022, the exports failed to regain momentum.

Exports by Country

Indonesia (X tons), Thailand (X tons) and Malaysia (X tons) were the main destinations of baby food exports from Singapore, with a combined X% share of total exports. Taiwan (Chinese), Vietnam, India, the Philippines, Nigeria, Israel, Jordan, Papua New Guinea, Cambodia and New Zealand lagged somewhat behind, together accounting for 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 Jordan (with a CAGR of X%), while the other leaders experienced more modest paces of growth.

In value terms, Thailand ($X), Indonesia ($X) and Vietnam ($X) constituted the largest markets for baby food exported from Singapore worldwide, together accounting for X% of total exports. Taiwan (Chinese), Malaysia, India, the Philippines, Nigeria, Cambodia, Jordan, Israel, Papua New Guinea and New Zealand lagged somewhat behind, together comprising a further X%.

Jordan, with a CAGR of X%, recorded the highest rates of growth with regard to the value of exports, in terms of the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2022, the average baby food export price amounted to $X per ton, with an increase of X% against the previous year. In general, the export price, however, saw a perceptible contraction. The most prominent rate of growth was recorded in 2014 when the average export price increased by X% against the previous year. As a result, the export price attained the peak level of $X per ton. From 2015 to 2022, the average export prices remained at a somewhat lower figure.

There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Cambodia ($X per ton), while the average price for exports to Malaysia ($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 India (X%), while the prices for the other major destinations experienced more modest paces of growth.

Baby Food Imports

Imports into Singapore

In 2022, approx. X tons of food preparations for infants were imported into Singapore; waning by X% against the year before. In general, imports showed a pronounced slump. The pace of growth appeared the most rapid in 2014 with an increase of X% against the previous year. As a result, imports reached the peak of X tons. From 2015 to 2022, the growth of imports remained at a lower figure.

In value terms, baby food imports contracted to $X in 2022. Overall, imports continue to indicate a noticeable contraction. The most prominent rate of growth was recorded in 2014 when imports increased by X% against the previous year. As a result, imports attained the peak of $X. From 2015 to 2022, the growth of imports failed to regain momentum.

Imports by Country

The Netherlands (X tons), Australia (X tons) and Ireland (X tons) were the main suppliers of baby food imports to Singapore, with a combined X% share of total imports. Thailand, Indonesia, Malaysia, Switzerland, Germany, New Zealand, the Philippines and Spain lagged somewhat behind, together accounting for a further X%.

From 2012 to 2022, the biggest increases were recorded for Thailand (with a CAGR of X%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest baby food suppliers to Singapore were the Netherlands ($X), Australia ($X) and Switzerland ($X), together comprising X% of total imports. Ireland, Thailand, Germany, Indonesia, New Zealand, Malaysia, the Philippines and Spain lagged somewhat behind, together accounting for a further X%.

Among the main suppliers, Thailand, with a CAGR of X%, recorded 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 baby food import price stood at $X per ton in 2022, stabilizing at the previous year. Overall, the import price continues to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2013 when the average import price increased by X%. Over the period under review, average import prices reached the maximum at $X per ton in 2014; however, from 2015 to 2022, import prices remained at a lower figure.

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 the Netherlands ($X per ton), while the price for Malaysia ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

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