Singapore: Non-Wheat Groats Market 2024

Non-Wheat Groats Market Size in Singapore

In 2022, the Singaporean non-wheat groats market increased by X% to $X, rising for the second consecutive year after two years of decline. Overall, the total consumption indicated a pronounced increase from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption increased by X% against 2020 indices. Non-wheat groats consumption peaked at $X in 2018; however, from 2019 to 2022, consumption remained at a lower figure.

Non-Wheat Groats Production in Singapore

In value terms, non-wheat groats production reduced to $X in 2022 estimated in export price. Overall, production, however, continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2013 with an increase of X% against the previous year. As a result, production attained the peak level of $X. From 2014 to 2022, production growth failed to regain momentum.

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Non-Wheat Groats Exports

Exports from Singapore

In 2022, shipments abroad of groats and meal of cereals (excluding wheat) decreased by X% to X tons, falling for the second year in a row after two years of growth. In general, exports showed a dramatic descent. The most prominent rate of growth was recorded in 2013 with an increase of X%. As a result, the exports reached the peak of X tons. From 2014 to 2022, the growth of the exports remained at a lower figure.

In value terms, non-wheat groats exports fell remarkably to $X in 2022. Overall, exports faced a abrupt slump. The pace of growth appeared the most rapid in 2013 with an increase of X%. As a result, the exports reached the peak of $X. From 2014 to 2022, the growth of the exports failed to regain momentum.

Exports by Country

Malaysia (X tons) was the main destination for non-wheat groats exports from Singapore, accounting for a X% share of total exports. Moreover, non-wheat groats exports to Malaysia exceeded the volume sent to the second major destination, Timor-Leste (X tons), threefold. The third position in this ranking was held by Bangladesh (X tons), with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Malaysia stood at X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Timor-Leste (X% per year) and Bangladesh (X% per year).

In value terms, Malaysia ($X) emerged as the key foreign market for groats and meal of cereals (excluding wheat) exports from Singapore, comprising X% of total exports. The second position in the ranking was held by Bangladesh ($X), with a X% share of total exports. It was followed by the Philippines, with a X% share.

From 2012 to 2022, the average annual growth rate of value to Malaysia stood at X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Bangladesh (X% per year) and the Philippines (X% per year).

Export Prices by Country

The average non-wheat groats export price stood at $X per ton in 2022, picking up by X% against the previous year. Overall, the export price saw a remarkable increase. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Bangladesh ($X per ton), while the average price for exports to Timor-Leste ($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 the Philippines (X%), while the prices for the other major destinations experienced more modest paces of growth.

Non-Wheat Groats Imports

Imports into Singapore

For the third year in a row, Singapore recorded growth in purchases abroad of groats and meal of cereals (excluding wheat), which increased by X% to X tons in 2022. Over the period under review, imports recorded a significant expansion. The most prominent rate of growth was recorded in 2018 when imports increased by X% against the previous year. Imports peaked in 2022 and are expected to retain growth in the immediate term.

In value terms, non-wheat groats imports surged to $X in 2022. In general, imports saw a significant increase. The pace of growth was the most pronounced in 2021 with an increase of X%. Imports peaked in 2022 and are expected to retain growth in years to come.

Imports by Country

In 2022, Malaysia (X tons) was the main supplier of non-wheat groats to Singapore, with a X% share of total imports. It was followed by India (X tons), with a X% share of total imports.

From 2012 to 2022, the average annual rate of growth in terms of volume from Malaysia amounted to X%.

In value terms, Malaysia ($X) constituted the largest supplier of groats and meal of cereals (excluding wheat) to Singapore, comprising X% of total imports. The second position in the ranking was held by India ($X), with a X% share of total imports.

From 2012 to 2022, the average annual growth rate of value from Malaysia totaled X%.

Import Prices by Country

In 2022, the average non-wheat groats import price amounted to $X per ton, dropping by X% against the previous year. Over the period under review, the import price continues to indicate a mild curtailment. The most prominent rate of growth was recorded in 2019 an increase of X%. Over the period under review, average import prices reached the peak figure at $X per ton in 2017; however, from 2018 to 2022, import prices failed to regain momentum.

Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Malaysia ($X per ton), while the price for India totaled $X per ton.

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

Source: IndexBox Platform

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