Singapore: Market for Jams, Marmalades, Fruit Jellies, Fruit Or Nut Purees And Pastes 2022

Market Size for Jams, Marmalades, Fruit Jellies, Fruit Or Nut Purees And Pastes in Singapore

In 2021, the Singaporean fruit or nut preserves market increased by 10% to $X for the first time since 2018, thus ending a two-year declining trend. The market value increased at an average annual rate of +1.2% over the period from 2012 to 2021; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being observed throughout the analyzed period. Over the period under review, the market reached the maximum level at $X in 2018; however, from 2019 to 2021, consumption stood at a somewhat lower figure.

Production of Jams, Marmalades, Fruit Jellies, Fruit Or Nut Purees And Pastes in Singapore

In value terms, fruit or nut preserves production expanded sharply to $X in 2021 estimated in export price. Overall, production continues to indicate a slight expansion. The pace of growth appeared the most rapid in 2017 when the production volume increased by 16% against the previous year. Fruit or nut preserves production peaked at $X in 2018; however, from 2019 to 2021, production remained at a lower figure.

Exports of Jams, Marmalades, Fruit Jellies, Fruit Or Nut Purees And Pastes

Exports from Singapore

In 2021, fruit or nut preserves exports from Singapore surged to X tons, jumping by 125% against the previous year's figure. Overall, exports recorded a relatively flat trend pattern. The exports peaked at X tons in 2015; however, from 2016 to 2021, the exports stood at a somewhat lower figure.

In value terms, fruit or nut preserves exports skyrocketed to $X in 2021. In general, exports, however, continue to indicate a noticeable decline. The exports peaked at $X in 2015; however, from 2016 to 2021, the exports remained at a lower figure.

Exports by Country

Malaysia (X tons) was the main destination for fruit or nut preserves exports from Singapore, with a 39% share of total exports. Moreover, fruit or nut preserves exports to Malaysia exceeded the volume sent to the second major destination, Brunei Darussalam (X tons), twofold. Australia (X tons) ranked third in terms of total exports with a 9% share.

From 2012 to 2021, the average annual growth rate of volume to Malaysia was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: Brunei Darussalam (+2.1% per year) and Australia (+1.5% per year).

In value terms, Malaysia ($X), Brunei Darussalam ($X) and Australia ($X) were the largest markets for fruit or nut preserves exported from Singapore worldwide, with a combined 62% share of total exports. These countries were followed by Indonesia, Maldives, Thailand, South Korea, Bangladesh, Hong Kong SAR and Myanmar, which together accounted for a further 26%.

In terms of the main countries of destination, South Korea, with a CAGR of +15.9%, recorded the highest rates of growth with regard to the value of exports, 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 fruit or nut preserves export price amounted to $X per ton, dropping by -14.9% against the previous year. Over the period under review, the export price continues to indicate a perceptible slump. The pace of growth was the most pronounced in 2016 an increase of 17% against the previous year. Over the period under review, the average export prices hit record highs at $X per ton in 2018; however, from 2019 to 2021, the export prices stood at a somewhat lower figure.

Average prices varied somewhat for the major export markets. In 2021, the countries with the highest prices were Bangladesh ($X per ton) and Indonesia ($X per ton), while the average price for exports to Malaysia ($X per ton) and Hong Kong SAR ($X per ton) were amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to South Korea (+2.6%), while the prices for the other major destinations experienced mixed trend patterns.

Imports of Jams, Marmalades, Fruit Jellies, Fruit Or Nut Purees And Pastes

Imports into Singapore

In 2021, supplies from abroad of jams, marmalades, fruit jellies, fruit or nut purees and pastes was finally on the rise to reach X tons for the first time since 2018, thus ending a two-year declining trend. The total import volume increased at an average annual rate of +2.0% from 2012 to 2021; the trend pattern remained relatively stable, with only minor fluctuations being observed in certain years. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, fruit or nut preserves imports surged to $X in 2021. The total import value increased at an average annual rate of +2.3% from 2012 to 2021; the trend pattern remained relatively stable, with only minor fluctuations being observed in certain years. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

Malaysia (X tons), India (X tons) and France (X tons) were the main suppliers of fruit or nut preserves imports to Singapore, together accounting for 45% of total imports. Thailand, Taiwan (Chinese), Australia, the United States, China, the Philippines, Vietnam, Belgium, the UK, Poland, New Zealand and South Africa lagged somewhat behind, together accounting for a further 44%.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Vietnam (with a CAGR of +101.4%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest fruit or nut preserves suppliers to Singapore were France ($X), Malaysia ($X) and Thailand ($X), together accounting for 49% of total imports. Taiwan (Chinese), Australia, India, the United States, the UK, China, the Philippines, Vietnam, New Zealand, Belgium, Poland and South Africa lagged somewhat behind, together comprising a further 39%.

Vietnam, with a CAGR of +93.0%, recorded the highest growth rate of the value of imports, in terms of 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 fruit or nut preserves import price stood at $X per ton in 2021, with an increase of 1.6% against the previous year. Over the period under review, the import price showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2015 an increase of 14%. Over the period under review, average import prices attained the maximum in 2021 and is expected to retain growth in the near future.

There were significant differences in the average prices amongst the major supplying countries. In 2021, the country with the highest price was France ($X per ton), while the price for South Africa ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Malaysia (+3.8%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Market Intelligence Platform

Frequently Asked Questions (FAQ) :