Singapore: Mango And Mangosteen Market Overview 2021

Mango And Mangosteen Market Size in Singapore

In 2019, the Singaporean mango and mangosteen market increased by X% to $X, rising for the second consecutive year after two years of decline. Overall, consumption continues to indicate a moderate expansion. The most prominent rate of growth was recorded in 2018 with an increase of X% year-to-year. Over the period under review, the market hit record highs in 2019 and is likely to see steady growth in the near future.

Mango And Mangosteen Exports

Exports from Singapore

In 2019, shipments abroad of mangoes, mangosteens and guavas decreased by -X% to X tonnes for the first time since 2010, thus ending a eight-year rising trend. Overall, exports, however, showed a resilient expansion. The pace of growth appeared the most rapid in 2015 with an increase of X% against the previous year. Exports peaked at X tonnes in 2018, and then shrank notably in the following year.

In value terms, mango and mangosteen exports reduced remarkably to $X in 2019. In general, exports, however, showed a prominent expansion. The pace of growth was the most pronounced in 2015 when exports increased by X% year-to-year. Exports peaked at $X in 2016; however, from 2017 to 2019, exports remained at a lower figure.

Exports by Country

Malaysia (X tonnes) was the main destination for mango and mangosteen exports from Singapore, with a X% share of total exports. Moreover, mango and mangosteen exports to Malaysia exceeded the volume sent to the second major destination, Indonesia (X tonnes), sixfold.

From 2007 to 2019, the average annual rate of growth in terms of volume to Malaysia amounted to +X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Indonesia (-X% per year) and Brunei Darussalam (-X% per year).

In value terms, Malaysia ($X) remains the key foreign market for mango and mangosteen exports from Singapore, comprising X% of total exports. The second position in the ranking was occupied by Indonesia ($X), with a X% share of total exports.

From 2007 to 2019, 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: Indonesia (-X% per year) and Brunei Darussalam (-X% per year).

Export Prices by Country

The average mango and mangosteen export price stood at $X per tonne in 2019, surging by X% against the previous year. Over the last twelve-year period, it increased at an average annual rate of +X%. The most prominent rate of growth was recorded in 2008 when the average export price increased by X% year-to-year. The export price peaked at $X per tonne in 2016; however, from 2017 to 2019, export prices remained at a lower figure.

There were significant differences in the average prices for the major external markets. In 2019, the country with the highest price was Brunei Darussalam ($X per tonne), while the average price for exports to Indonesia ($X per tonne) was amongst the lowest.

From 2007 to 2019, the most notable rate of growth in terms of prices was recorded for supplies to Brunei Darussalam, while the prices for the other major destinations experienced mixed trend patterns.

Mango And Mangosteen Imports

Imports into Singapore

In 2019, mango and mangosteen imports into Singapore skyrocketed to X tonnes, increasing by X% compared with 2018. Over the period under review, imports recorded a tangible increase. The growth pace was the most rapid in 2018 when imports increased by X% y-o-y. Imports peaked in 2019 and are likely to see steady growth in the immediate term.

In value terms, mango and mangosteen imports skyrocketed to $X in 2019. In general, imports posted a strong increase. The pace of growth appeared the most rapid in 2018 when imports increased by X% y-o-y. Imports peaked in 2019 and are expected to retain growth in the immediate term.

Imports by Country

In 2019, Malaysia (X tonnes) constituted the largest supplier of mango and mangosteen to Singapore, with a X% share of total imports. Moreover, mango and mangosteen imports from Malaysia exceeded the figures recorded by the second-largest supplier, Thailand (X tonnes), threefold. Australia (X tonnes) ranked third in terms of total imports with a X% share.

From 2007 to 2019, the average annual rate of growth in terms of volume from Malaysia amounted to +X%. The remaining supplying countries recorded the following average annual rates of imports growth: Thailand (+X% per year) and Australia (+X% per year).

In value terms, Malaysia ($X), Australia ($X) and Thailand ($X) constituted the largest mango and mangosteen suppliers to Singapore, together accounting for X% of total imports.

In terms of the main suppliers, Thailand saw the highest growth rate of 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

In 2019, the average mango and mangosteen import price amounted to $X per tonne, growing by X% against the previous year. Over the period from 2007 to 2019, it increased at an average annual rate of +X%. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices amongst the major supplying countries. In 2019, the country with the highest price was Australia ($X per tonne), while the price for Malaysia ($X per tonne) was amongst the lowest.

From 2007 to 2019, the most notable rate of growth in terms of prices was attained by Taiwan (Chinese), 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 mangoes, mangosteens and guavas in the world?

+

India (25M tonnes) remains the largest mango and mangosteen consuming country worldwide, comprising approx. 46% of total volume. Moreover, mango and mangosteen consumption in India exceeded the figures recorded by the second-largest consumer, Indonesia (3.3M tonnes), eightfold. China (2.6M tonnes) ranked third in terms of total consumption with a 4.6% share.

What are the largest producers of mangoes, mangosteens and guavas in the world?

+

The country with the largest volume of mango and mangosteen production was India (26M tonnes), comprising approx. 46% of total volume. Moreover, mango and mangosteen production in India exceeded the figures recorded by the second-largest producer, Indonesia (3.3M tonnes), eightfold. China (2.4M tonnes) ranked third in terms of total production with a 4.3% share.

What are the leading suppliers of mangoes, mangosteens and guavas to Singapore?

+

In value terms, Malaysia ($8M), Australia ($6.5M) and Thailand ($6M) were the largest mango and mangosteen suppliers to Singapore, with a combined 65% share of total imports.

What are the leading importers of mangoes, mangosteens and guavas from Singapore?

+

In value terms, Malaysia ($831K) remains the key foreign market for mango and mangosteen exports from Singapore, comprising 84% of total exports. The second position in the ranking was occupied by Indonesia ($65K), with a 6.6% share of total exports.

What is the average export price for mangoes, mangosteens and guavas in Singapore?

+

The average mango and mangosteen export price stood at $2,471 per tonne in 2019, increasing by 5.6% against the previous year.

What is the average import price for mangoes, mangosteens and guavas in Singapore?

+

In 2019, the average mango and mangosteen import price amounted to $1,236 per tonne, jumping by 23% against the previous year.