Singapore: Frozen Potato Market 2022

Frozen Potato Market Size in Singapore

The Singaporean frozen potato market stood at $X in 2021, stabilizing at the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). The market value increased at an average annual rate of +X% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2019 with an increase of X% against the previous year. As a result, consumption attained the peak level of $X. From 2020 to 2021, the growth of the market failed to regain momentum.

Frozen Potato Exports

Exports from Singapore

In 2021, the amount of frozen potatoes exported from Singapore reduced to X tons, with a decrease of -X% on 2020. Overall, exports faced a abrupt decline. The most prominent rate of growth was recorded in 2017 when exports increased by X%. Over the period under review, the exports hit record highs at X tons in 2012; however, from 2013 to 2021, the exports failed to regain momentum.

In value terms, frozen potato exports stood at $X in 2021. In general, exports recorded a significant curtailment. The growth pace was the most rapid in 2017 with an increase of X% against the previous year. Over the period under review, the exports reached the maximum at $X in 2012; however, from 2013 to 2021, the exports remained at a lower figure.

Exports by Country

Malaysia (X tons) and Maldives (X tons) were the main destinations of frozen potato exports from Singapore.

From 2012 to 2021, the biggest increases were in Maldives (with a CAGR of -X value terms, the largest markets for frozen potato exported from Singapore were Malaysia ($X) and Maldives ($X, with a CAGR of -X%, recorded the highest growth rate of the value of exports, among the main countries of destination over the period under review.

Export Prices by Country

The average frozen potato export price stood at $X per ton in 2021, with an increase of X% against the previous year. Overall, the export price, however, recorded a pronounced downturn. The growth pace was the most rapid in 2016 when the average export price increased by X% against the previous year. As a result, the export price reached the peak level of $X per ton. From 2017 to 2021, the the average export prices failed to regain momentum.

Average prices varied noticeably for the major external markets. In 2021, the country with the highest price was Maldives ($X per ton), while the average price for exports to Malaysia totaled $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Maldives (+X%).

Frozen Potato Imports

Imports into Singapore

After two years of growth, overseas purchases of frozen potatoes decreased by -X% to X tons in 2021. The total import volume increased at an average annual rate of +X% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth was the most pronounced in 2017 when imports increased by X% against the previous year. Imports peaked at X tons in 2020, and then reduced in the following year.

In value terms, frozen potato imports amounted to $X in 2021. The total import value increased at an average annual rate of +X% over the period from 2012 to 2021; however, the trend pattern remained consistent, with somewhat noticeable fluctuations in certain years. The pace of growth was the most pronounced in 2019 when imports increased by X%. As a result, imports reached the peak of $X. From 2020 to 2021, the growth of imports remained at a lower figure.

Imports by Country

In 2021, the United States (X tons) constituted the largest supplier of frozen potato to Singapore, accounting for a X% share of total imports. Moreover, frozen potato imports from the United States exceeded the figures recorded by the second-largest supplier, Oman (X tons), fourfold. The third position in this ranking was held by the Netherlands (X tons), with a X% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from the United States was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: Oman (X% per year) and the Netherlands (+X% per year).

In value terms, the United States ($X) constituted the largest supplier of frozen potato to Singapore, comprising X% of total imports. The second position in the ranking was taken by Oman ($X), with an X% share of total imports. It was followed by Malaysia, with a X% share.

From 2012 to 2021, the average annual rate of growth in terms of value from the United States was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: Oman (X% per year) and Malaysia (+X% per year).

Import Prices by Country

In 2021, the average frozen potato import price amounted to $X per ton, surging by X% against the previous year. Overall, the import price, however, continues to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2015 an increase of X% against the previous year. As a result, import price attained the peak level of $X per ton. From 2016 to 2021, the average import prices remained at a somewhat lower figure.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by China (+X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Market Intelligence Platform

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