Singapore: Overview of the Market for Grapefruit Juice (Single Strength) 2021

Market Size for Grapefruit Juice (Single Strength) in Singapore

The Singaporean grapefruit juice (single strength) market shrank sharply to $X in 2020, declining by -X% against 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). In general, consumption, however, enjoyed a remarkable increase. The pace of growth was the most pronounced in 2011 when the market value increased by X% against the previous year. Grapefruit juice (single strength) consumption peaked at $X in 2019, and then reduced rapidly in the following year.

Exports of Grapefruit Juice (Single Strength)

Exports from Singapore

In 2020, grapefruit juice (single strength) exports from Singapore dropped dramatically to X tonnes, reducing by -X% compared with the previous year's figure. Over the period under review, exports recorded a deep setback. The pace of growth was the most pronounced in 2013 with an increase of X% y-o-y. Over the period under review, exports attained the peak figure at X tonnes in 2010; however, from 2011 to 2020, exports failed to regain the momentum.

In value terms, grapefruit juice (single strength) exports fell to $X in 2020. Overall, exports saw a abrupt descent. The pace of growth appeared the most rapid in 2013 with an increase of X% y-o-y. Exports peaked at $X in 2007; however, from 2008 to 2020, exports failed to regain the momentum.

Exports by Country

Myanmar (X kg) was the main destination for grapefruit juice (single strength) exports from Singapore, accounting for a X% share of total exports. Moreover, grapefruit juice (single strength) exports to Myanmar exceeded the volume sent to the second major destination, Seychelles (X kg), fourfold. South Korea (X kg) ranked third in terms of total exports with a X% share.

From 2007 to 2020, the average annual rate of growth in terms of volume to Myanmar stood at +X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Seychelles (+X% per year) and South Korea (-X% per year).

In value terms, Myanmar ($X) emerged as the key foreign market for grapefruit juice (single strength) exports from Singapore, comprising X% of total exports. The second position in the ranking was occupied by Seychelles ($X), with a X% share of total exports. It was followed by Malaysia, with a X% share.

From 2007 to 2020, the average annual growth rate of value to Myanmar totaled +X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Seychelles (+X% per year) and Malaysia (-X% per year).

Export Prices by Country

In 2020, the average grapefruit juice (single strength) export price amounted to $X per tonne, with an increase of X% against the previous year. In general, the export price continues to indicate a strong expansion. As a result, export price attained the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably by the country of destination; the country with the highest price was Myanmar ($X per tonne), while the average price for exports to Cambodia ($X per tonne) was amongst the lowest.

From 2007 to 2020, the most notable rate of growth in terms of prices was recorded for supplies to Myanmar, while the prices for the other major destinations experienced mixed trend patterns.

Imports of Grapefruit Juice (Single Strength)

Imports into Singapore

In 2020, approx. X tonnes of grapefruit juice (single strength) were imported into Singapore; which is down by -X% compared with the previous year. Over the period under review, imports, however, continue to indicate prominent growth. The pace of growth appeared the most rapid in 2011 when imports increased by X% year-to-year. Over the period under review, imports attained the peak figure at X tonnes in 2019, and then shrank remarkably in the following year.

In value terms, grapefruit juice (single strength) imports reduced remarkably to $X in 2020. Overall, imports, however, posted a resilient increase. The pace of growth appeared the most rapid in 2011 with an increase of X% year-to-year. Over the period under review, imports hit record highs at $X in 2019, and then shrank dramatically in the following year.

Imports by Country

In 2020, Cyprus (X tonnes) constituted the largest supplier of grapefruit juice (single strength) to Singapore, with a X% share of total imports. Moreover, grapefruit juice (single strength) imports from Cyprus exceeded the figures recorded by the second-largest supplier, South Africa (X tonnes), threefold. Israel (X tonnes) ranked third in terms of total imports with a X% share.

From 2007 to 2020, the average annual growth rate of volume from Cyprus amounted to +X%. The remaining supplying countries recorded the following average annual rates of imports growth: South Africa (+X% per year) and Israel (+X% per year).

In value terms, Cyprus ($X), Israel ($X) and South Africa ($X) were the largest grapefruit juice (single strength) suppliers to Singapore, with a combined X% share of total imports. These countries were followed by China, the U.S., the United Arab Emirates and Spain, which together accounted for a further X the main suppliers, China (+X% per year) recorded the highest rates of growth with regard to 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 grapefruit juice (single strength) import price stood at $X per tonne in 2020, reducing by -X% against the previous year. In general, the import price recorded a noticeable slump. The pace of growth was the most pronounced in 2018 an increase of X% against the previous year. Over the period under review, average import prices hit record highs at $X per tonne in 2012; however, from 2013 to 2020, import prices stood at a somewhat lower figure.

Prices varied noticeably by the country of origin; the country with the highest price was China ($X per tonne), while the price for Cyprus ($X per tonne) was amongst the lowest.

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

Source: IndexBox AI Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for grapefruit juice (single strength) in the world?

+

South Africa (182K tonnes) remains the largest grapefruit juice (single strength) consuming country worldwide, accounting for 49% of total volume. Moreover, grapefruit juice (single strength) consumption in South Africa exceeded the figures recorded by the second-largest consumer, the U.S. (36K tonnes), fivefold. Israel (26K tonnes) ranked third in terms of total consumption with a 7.2% share.

What are the largest producers of grapefruit juice (single strength) in the world?

+

The country with the largest volume of grapefruit juice (single strength) production was South Africa (186K tonnes), comprising approx. 53% of total volume. Moreover, grapefruit juice (single strength) production in South Africa exceeded the figures recorded by the second-largest producer, Israel (42K tonnes), fourfold. The third position in this ranking was occupied by the U.S. (36K tonnes), with a 10% share.

What are the leading suppliers of grapefruit juice (single strength) to Singapore?

+

In value terms, the largest grapefruit juice (single strength) suppliers to Singapore were Cyprus ($35K), Israel ($27K) and South Africa ($19K), together comprising 65% of total imports. These countries were followed by China, the U.S., the United Arab Emirates and Spain, which together accounted for a further 21%.

What are the leading importers of grapefruit juice (single strength) from Singapore?

+

In value terms, Myanmar ($2.4K) emerged as the key foreign market for grapefruit juice (single strength) exports from Singapore, comprising 80% of total exports. The second position in the ranking was occupied by Seychelles ($291), with a 9.7% share of total exports. It was followed by Malaysia, with a 2.8% share.

What is the average export price for grapefruit juice (single strength) in Singapore?

+

The average grapefruit juice (single strength) export price stood at $2,113 per tonne in 2020, increasing by 80% against the previous year.

What is the average import price for grapefruit juice (single strength) in Singapore?

+

The average grapefruit juice (single strength) import price stood at $701 per tonne in 2020, waning by -25.3% against the previous year.