Singapore: Market for Grapefruit Juice (Single Strength) 2022

Exports of Grapefruit Juice (Single Strength)

Exports from Singapore

In 2021, shipments abroad of grapefruit juice (single strength) decreased by -X% to X tonnes for the first time since 2018, thus ending a two-year rising trend. Over the period under review, exports, however, posted a modest increase. The most prominent rate of growth was recorded in 2019 with an increase of X% year-to-year. Over the period under review, the exports reached the peak figure at X tonnes in 2013; however, from 2014 to 2021, the exports stood at a somewhat lower figure.

In value terms, grapefruit juice (single strength) exports shrank markedly to $X in 2021. Overall, exports, however, showed a slight increase. The pace of growth was the most pronounced in 2019 with an increase of X% year-to-year. The exports peaked at $X in 2013; however, from 2014 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

Hong Kong SAR (X tonnes) 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 Hong Kong SAR exceeded the volume sent to the second major destination, Seychelles (X kg), fivefold. The third position in this ranking was occupied by Myanmar (X kg), with an X% share.

From 2012 to 2021, the average annual growth rate of volume to Hong Kong SAR amounted to +X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Seychelles (+X% per year) and Myanmar (+X% per year).

In value terms, the largest markets for grapefruit juice (single strength) exported from Singapore were Hong Kong SAR ($X), Seychelles ($X) and Myanmar ($X), with a combined X% share of total exports.

Seychelles, with a CAGR of +X%, saw 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 2021, the average grapefruit juice (single strength) export price amounted to $X per tonne, therefore, remained relatively stable against the previous year. In general, the export price continues to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2018 when the average export price increased by X% y-o-y. As a result, the export price attained the peak level of $X per tonne. From 2019 to 2021, the the average export prices remained at a lower figure.

There were significant differences in the average prices for the major export markets. In 2021, the country with the highest price was Seychelles ($X per tonne), while the average price for exports to Hong Kong SAR ($X per tonne) was amongst the lowest.

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

Imports of Grapefruit Juice (Single Strength)

Imports into Singapore

In 2021, the amount of grapefruit juice (single strength) imported into Singapore skyrocketed to X tonnes, rising by X% against the previous year. In general, imports showed a remarkable increase. The most prominent rate of growth was recorded in 2016 with an increase of X% y-o-y. Over the period under review, imports attained the peak figure at X tonnes in 2019; however, from 2020 to 2021, imports remained at a lower figure.

In value terms, grapefruit juice (single strength) imports skyrocketed to $X in 2021. Over the period under review, imports posted a perceptible expansion. The most prominent rate of growth was recorded in 2016 when imports increased by X% year-to-year. Over the period under review, imports hit record highs at $X in 2019; however, from 2020 to 2021, imports failed to regain momentum.

Imports by Country

Cyprus (X tonnes), South Africa (X tonnes) and the United States (X tonnes) were the main suppliers of grapefruit juice (single strength) imports to Singapore, together accounting for X% of total imports. Israel, Spain, the United Arab Emirates and China lagged somewhat behind, together comprising a further X 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by China (+X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest grapefruit juice (single strength) suppliers to Singapore were Cyprus ($X), South Africa ($X) and the United States ($X), with a combined X% share of total imports. These countries were followed by Israel, China, the United Arab Emirates and Spain, which together accounted for a further X, with a CAGR of +X%, recorded the highest growth rate of 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 grapefruit juice (single strength) import price stood at $X per tonne in 2021, shrinking by -X% against the previous year. Overall, the import price recorded a pronounced descent. The pace of growth appeared the most rapid in 2018 when the average import price increased by X% year-to-year. The import price peaked at $X per tonne in 2012; however, from 2013 to 2021, import prices failed to regain momentum.

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 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 Platform