Singapore: Prepared Frozen Vegetable Market 2022

Prepared Frozen Vegetable Market Size in Singapore

The Singaporean prepared frozen vegetable market surged to $X in 2020, with an increase of X% against the previous year. In general, consumption enjoyed buoyant growth. The most prominent rate of growth was recorded in 2013 when the market value increased by X% y-o-y. Over the period under review, the market reached the maximum level in 2020 and is likely to see steady growth in the near future.

Prepared Frozen Vegetable Production in Singapore

In value terms, prepared frozen vegetable production skyrocketed to $X in 2020 estimated in export prices. Over the period under review, production saw a prominent increase. The most prominent rate of growth was recorded in 2012 when the production volume increased by X% year-to-year. Prepared frozen vegetable production peaked in 2020 and is expected to retain growth in the immediate term.

Prepared Frozen Vegetable Exports

Exports from Singapore

For the fifth year in a row, Singapore recorded decline in shipments abroad of frozen vegetables and mixtures of vegetables (prepared or preserved), which decreased by -X% to X tons in 2020. Overall, exports continue to indicate a abrupt decrease. The growth pace was the most rapid in 2015 with an increase of X% against the previous year. Over the period under review, exports attained the peak figure at X tons in 2007; however, from 2008 to 2020, exports remained at a lower figure.

In value terms, prepared frozen vegetable exports reduced dramatically to $X in 2020. In general, exports showed a deep setback. The pace of growth was the most pronounced in 2015 with an increase of X% against the previous year. As a result, exports attained the peak of $X. from 2016 to 2020, the growth exports failed to regain the momentum.

Exports by Country

Brunei Darussalam (X tons), Malaysia (X tons) and Indonesia (X tons) were the main destinations of prepared frozen vegetable exports from Singapore, together comprising X% of total exports.

From 2007 to 2020, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Brunei Darussalam, while exports for the other leaders experienced more modest paces of growth.

In value terms, Malaysia ($X), Brunei Darussalam ($X) and Indonesia ($X) were the largest markets for prepared frozen vegetable exported from Singapore worldwide, together accounting for X% of total exports.

Malaysia recorded the highest growth rate of 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 2020, the average prepared frozen vegetable export price amounted to $X per ton, growing by X% against the previous year. Overall, export price indicated a pronounced expansion from 2007 to 2020: its price increased at an average annual rate of +X% over the last thirteen years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2020 figures, prepared frozen vegetable export price increased by +X% against 2017 indices. The growth pace was the most rapid in 2008 an increase of X% against the previous year. The export price peaked in 2020 and is likely to see gradual growth in the immediate term.

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

From 2007 to 2020, the most notable rate of growth in terms of prices was recorded for supplies to Timor-Leste, while the prices for the other major destinations experienced more modest paces of growth.

Prepared Frozen Vegetable Imports

Imports into Singapore

After two years of growth, overseas purchases of frozen vegetables and mixtures of vegetables (prepared or preserved) decreased by -X% to X tons in 2020. Over the period under review, imports recorded a mild shrinkage. The most prominent rate of growth was recorded in 2019 with an increase of X% year-to-year. As a result, imports attained the peak of X tons, and then contracted significantly in the following year.

In value terms, prepared frozen vegetable imports declined to $X in 2020. Overall, total imports indicated a mild expansion from 2007 to 2020: its value decreased at an average annual rate of -X% over the last thirteen years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2020 figures, imports increased by +X% against 2015 indices. The pace of growth was the most pronounced in 2011 when imports increased by X% against the previous year. Over the period under review, imports hit record highs at $X in 2019, and then dropped in the following year.

Imports by Country

The United States (X tons), the Netherlands (X tons) and China (X tons) were the main suppliers of prepared frozen vegetable imports to Singapore, together comprising X% of total imports.

From 2007 to 2020, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by the Netherlands (+X% per year), while imports for the other leaders experienced more modest paces of growth.

In value terms, the United States ($X), the Netherlands ($X) and China ($X) appeared to be the largest prepared frozen vegetable suppliers to Singapore, together accounting for X% of total imports.

The Netherlands (+X% per year) recorded 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

The average prepared frozen vegetable import price stood at $X per ton in 2020, picking up by X% against the previous year. Over the last thirteen years, it increased at an average annual rate of +X%. The growth pace was the most rapid in 2012 an increase of X% against the previous year. Over the period under review, average import prices attained the maximum at $X per ton in 2017; however, from 2018 to 2020, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2020, the country with the highest price was Japan ($X per ton), while the price for Malaysia ($X per ton) was amongst the lowest.

From 2007 to 2020, the most notable rate of growth in terms of prices was attained by Belgium, while the prices for the other major suppliers experienced more modest paces of growth.

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Source: IndexBox Platform

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