Singapore: Mate Market 2024

Mate Market Size in Singapore

In 2022, the Singaporean mate market was finally on the rise to reach $X for the first time since 2017, thus ending a four-year declining trend. In general, consumption recorded resilient growth. As a result, consumption reached the peak level and is likely to continue growth in the immediate term.

Mate Production in Singapore

In value terms, mate production reduced to $X in 2022 estimated in export price. Overall, production, however, posted strong growth. The most prominent rate of growth was recorded in 2013 with an increase of X%. Over the period under review, production reached the peak level at $X in 2014; however, from 2015 to 2022, production stood at a somewhat lower figure.

The average yield of mate in Singapore was estimated at less than X kg per ha in 2022, flattening at the year before. Over the period under review, the yield showed a relatively flat trend pattern. Despite the increased use of modern agricultural techniques and methods, future yield figures may still be impacted by adverse weather conditions.

The mate harvested area in Singapore was estimated at less than X ha in 2022, therefore, remained relatively stable against the previous year's figure. Over the period under review, the harvested area saw a relatively flat trend pattern.

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Mate Exports

Exports from Singapore

Mate exports from Singapore declined remarkably to X tons in 2022, with a decrease of X% against the previous year's figure. Over the period under review, exports, however, posted a notable increase. The growth pace was the most rapid in 2013 with an increase of X%. The exports peaked at X tons in 2014; however, from 2015 to 2022, the exports remained at a lower figure.

In value terms, mate exports dropped rapidly to $X in 2022. Overall, exports, however, recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2013 with an increase of X%. Over the period under review, the exports hit record highs at $X in 2014; however, from 2015 to 2022, the exports remained at a lower figure.

Exports by Country

Hong Kong SAR (X tons) was the main destination for mate exports from Singapore, accounting for a X% share of total exports. Moreover, mate exports to Hong Kong SAR 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 X% share.

From 2012 to 2022, 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: Brunei Darussalam (X% per year) and Australia (X% per year).

In value terms, Hong Kong SAR ($X) remains the key foreign market for mate exports from Singapore, comprising X% of total exports. The second position in the ranking was held by Brunei Darussalam ($X), with a X% share of total exports. It was followed by Australia, with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of value to Hong Kong SAR amounted to X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Brunei Darussalam (X% per year) and Australia (X% per year).

Export Prices by Country

In 2022, the average mate export price amounted to $X per ton, surging by X% against the previous year. Over the period under review, the export price, however, continues to indicate a slight downturn. The pace of growth was the most pronounced in 2021 an increase of X%. The export price peaked at $X per ton in 2014; however, from 2015 to 2022, the export prices failed to regain momentum.

Average prices varied somewhat for the major overseas markets. In 2022, amid the top suppliers, the highest price was recorded for prices to Malaysia ($X per ton) and Australia ($X per ton), while the average price for exports to Taiwan (Chinese) ($X per ton) and Brunei Darussalam ($X per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Malaysia (X%), while the prices for the other major destinations experienced more modest paces of growth.

Mate Imports

Imports into Singapore

In 2022, after three years of decline, there was significant growth in supplies from abroad of mate, when their volume increased by X% to X tons. In general, imports, however, continue to indicate a abrupt downturn. The most prominent rate of growth was recorded in 2014 with an increase of X% against the previous year. As a result, imports reached the peak of X tons. From 2015 to 2022, the growth of imports remained at a lower figure.

In value terms, mate imports soared to $X in 2022. Overall, imports saw a perceptible increase. The most prominent rate of growth was recorded in 2014 with an increase of X%. As a result, imports reached the peak of $X. From 2015 to 2022, the growth of imports failed to regain momentum.

Imports by Country

Australia (X tons), India (X tons) and Malaysia (X tons) were the main suppliers of mate imports to Singapore, with a combined X% share of total imports. The United States, Switzerland, China, Taiwan (Chinese), the UK, South Korea, the Philippines and Spain lagged somewhat behind, together comprising a further X%.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Switzerland (with a CAGR of X.7%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest mate suppliers to Singapore were India ($X), Australia ($X) and the United States ($X), with a combined X% share of total imports. Malaysia, Switzerland, Taiwan (Chinese), China, South Korea, the UK, the Philippines and Spain lagged somewhat behind, together comprising a further X%.

Switzerland, with a CAGR of X.4%, 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 mate import price stood at $X per ton in 2022, surging by X% against the previous year. Over the period under review, the import price showed strong growth. The pace of growth was the most pronounced in 2020 an increase of X%. As a result, import price attained the peak level of $X per ton. From 2021 to 2022, the average import prices failed to regain momentum.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Spain ($X per ton), while the price for Malaysia ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Taiwan (Chinese) (X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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