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Singapore - Meat - Market Analysis, Forecast, Size, Trends and Insights
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Singapore: Meat Market Overview 2021

Meat Market Size in Singapore

The Singaporean meat market contracted to $X in 2019, dropping by -X% against the previous year. Over the period under review, the total consumption indicated a moderate expansion from 2007 to 2019: its value increased at an average annual rate of +X% over the last twelve-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2019 figures, consumption decreased by -X% against 2017 indices. The growth pace was the most rapid in 2010 with an increase of X% against the previous year. Over the period under review, the market reached the peak level at $X in 2017; however, from 2018 to 2019, consumption remained at a lower figure.

Meat Production in Singapore

In value terms, meat production expanded significantly to $X in 2019 estimated in export prices. The total output value increased at an average annual rate of +X% over the period from 2007 to 2019; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2014 when the production volume increased by X% y-o-y. Meat production peaked at $X in 2012; however, from 2013 to 2019, production failed to regain the momentum.

In 2019, the average meat yield in Singapore contracted to X kg per head, therefore, remained relatively stable against 2018 figures. In general, the yield continues to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2009 with an increase of X% year-to-year. The meat yield peaked at X kg per head in 2011; however, from 2012 to 2019, the yield remained at a lower figure.

In 2019, the number of animals slaughtered for meat production in Singapore shrank modestly to X heads, remaining relatively unchanged against the previous year's figure. In general, the number of producing animals showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2008 with an increase of X% y-o-y. Over the period under review, this number attained the maximum level at X heads in 2016; however, from 2017 to 2019, producing animals stood at a somewhat lower figure.

Meat Exports

Exports from Singapore

In 2019, exports of meat from Singapore skyrocketed to X tonnes, jumping by X% compared with 2018. In general, exports saw a resilient increase. As a result, exports attained the peak and are likely to continue growth in the immediate term.

In value terms, meat exports soared to $X in 2019. Overall, exports enjoyed a resilient increase. The most prominent rate of growth was recorded in 2011 with an increase of X% year-to-year. Over the period under review, exports hit record highs in 2019 and are expected to retain growth in years to come.

Exports by Country

Malaysia (X tonnes), Indonesia (X tonnes) and Brunei Darussalam (X tonnes) were the main destinations of meat exports from Singapore, with a combined X% share of total exports.

From 2007 to 2019, the biggest increases were in Malaysia, while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for meat exported from Singapore were Indonesia ($X), Malaysia ($X) and Brunei Darussalam ($X), with a combined X% share of total exports.

Brunei Darussalam recorded 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

The average meat export price stood at $X per tonne in 2019, falling by -X% against the previous year. In general, the export price saw a slight setback. The most prominent rate of growth was recorded in 2011 an increase of X% y-o-y. The export price peaked at $X per tonne in 2014; however, from 2015 to 2019, export prices failed to regain the momentum.

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

Meat Imports

Imports into Singapore

In 2019, the amount of meat imported into Singapore declined to X tonnes, falling by -X% against the year before. The total import volume increased at an average annual rate of +X% over the period from 2007 to 2019; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2017 with an increase of X% y-o-y. As a result, imports reached the peak of X tonnes. From 2018 to 2019, the growth imports remained at a somewhat lower figure.

In value terms, meat imports shrank modestly to $X in 2019. In general, total imports indicated measured growth from 2007 to 2019: its value increased at an average annual rate of +X% over the last twelve years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2019 figures, imports decreased by -X% against 2017 indices. The pace of growth was the most pronounced in 2010 when imports increased by X% against the previous year. Over the period under review, imports attained the maximum at $X in 2017; however, from 2018 to 2019, imports stood at a somewhat lower figure.

Imports by Country

Brazil (X tonnes), Australia (X tonnes) and the Netherlands (X tonnes) were the main suppliers of meat imports to Singapore, with a combined X% share of total imports. These countries were followed by Spain, the U.S., Germany and New Zealand, which together accounted for a further X 2007 to 2019, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Spain (+X% per year), while imports for the other leaders experienced more modest paces of growth.

In value terms, Australia ($X), Brazil ($X) and the U.S. ($X) constituted the largest meat suppliers to Singapore, with a combined X% share of total imports. The Netherlands, Spain, New Zealand and Germany lagged somewhat behind, together accounting for a further X (+X% per year) 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

In 2019, the average meat import price amounted to $X per tonne, surging by X% against the previous year. Over the period from 2007 to 2019, it increased at an average annual rate of +X%. The most prominent rate of growth was recorded in 2011 when the average import price increased by X% year-to-year. As a result, import price reached the peak level of $X per tonne. From 2012 to 2019, the growth in terms of the average import prices remained at a lower figure.

Prices varied noticeably by the country of origin; the country with the highest price was New Zealand ($X per tonne), while the price for Brazil ($X per tonne) was amongst the lowest.

From 2007 to 2019, the most notable rate of growth in terms of prices was attained by New Zealand, 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 meat in the world?
+
China (71M tonnes) constituted the country with the largest volume of meat consumption, accounting for 33% of total volume. Moreover, meat consumption in China exceeded the figures recorded by the second-largest consumer, the U.S. (23M tonnes), threefold. The third position in this ranking was occupied by Brazil (12M tonnes), with a 5.4% share.
What are the largest producers of meat in the world?
+
The country with the largest volume of meat production was China (68M tonnes), comprising approx. 31% of total volume. Moreover, meat production in China exceeded the figures recorded by the second-largest producer, the U.S. (25M tonnes), threefold. Brazil (14M tonnes) ranked third in terms of total production with a 6.4% share.
What are the leading suppliers of meat to Singapore?
+
In value terms, the largest meat suppliers to Singapore were Australia ($168M), Brazil ($164M) and the U.S. ($42M), together comprising 72% of total imports. These countries were followed by the Netherlands, Spain, New Zealand and Germany, which together accounted for a further 20%.
What are the leading importers of meat from Singapore?
+
In value terms, the largest markets for meat exported from Singapore were Indonesia ($14M), Malaysia ($13M) and Brunei Darussalam ($3.1M), with a combined 88% share of total exports.
What is the average export price for meat in Singapore?
+
The average meat export price stood at $3,047 per tonne in 2019, which is down by -26.4% against the previous year.
What is the average import price for meat in Singapore?
+
The average meat import price stood at $4,198 per tonne in 2019, with an increase of 9.4% against the previous year.

Product coverage:
• FCL 1108 - Meat of asses
• FCL 947 - Buffalo meat
• FCL 1127 - Meat of camels
• FCL 867 - Meat of cattle
• FCL 870 - Meat of cattle, boneless
• FCL 1017 - Goat meat
• FCL 1097 - Horse meat
• FCL 1111 - Meat of mules
• FCL 1158 - Meat of other domestic camelids
• FCL 1151 - Meat of other domestic rodents
• FCL 1035 - Pig meat
• FCL 1141 - Rabbit meat
• FCL 977 - Meat of sheep

This report provides an in-depth analysis of the meat market in Singapore. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2025.


Country coverage:
• Singapore

Data coverage:
• Market volume and value
• Per Capita consumption
• Forecast of the market dynamics in the medium term
• Trade (exports and imports) in Singapore
• Export and import prices
• Market trends, drivers and restraints
• Key market players and their profiles

Reasons to buy this report:
• Take advantage of the latest data
• Find deeper insights into current market developments
• Discover vital success factors affecting the market
This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:
1. How to diversify your business and benefit from new market opportunities
2. How to load your idle production capacity
3. How to boost your sales on overseas markets
4. How to increase your profit margins
5. How to make your supply chain more sustainable
6. How to reduce your production and supply chain costs
7. How to outsource production to other countries
8. How to prepare your business for global expansion
While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.
1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business

1.1
REPORT DESCRIPTION
1.2
RESEARCH METHODOLOGY AND AI PLATFORM
1.3
DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
1.4
GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance

2.1
KEY FINDINGS
2.2
MARKET TRENDS
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects

3.1
MARKET SIZE
3.2
MARKET STRUCTURE
3.3
TRADE BALANCE
3.4
PER CAPITA CONSUMPTION
3.5
MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCTS

Finding New Products to Diversify Your Business

4.1
TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
4.2
BEST-SELLING PRODUCTS
4.3
MOST CONSUMED PRODUCT
4.4
MOST TRADED PRODUCT
4.5
MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain

5.1
TOP COUNTRIES TO SOURCE YOUR PRODUCT
5.2
TOP PRODUCING COUNTRIES
5.3
COUNTRIES WITH TOP YIELDS
5.4
TOP EXPORTING COUNTRIES
5.5
LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports

6.1
TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
6.2
TOP CONSUMING MARKETS
6.3
UNSATURATED MARKETS
6.4
TOP IMPORTING MARKETS
6.5
MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry

7.1
PRODUCTION, PRODUCING ANIMALS AND YIELD
8. IMPORTS

The Largest Import Supplying Countries

8.1
IMPORTS FROM 2007–2020
8.2
IMPORTS BY COUNTRY
8.3
IMPORT PRICES BY COUNTRY
9. EXPORTS

The Largest Destinations for Exports

9.1
EXPORTS FROM 2007–2020
9.2
EXPORTS BY COUNTRY
9.3
EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles

LIST OF TABLES
Table 1:
Key Findings In 2020
Table 2:
Market Volume, In Physical Terms, 2007–2020
Table 3:
Market Value, 2007–2020
Table 4:
Per Capita Consumption In 2007–2020
Table 5:
Imports, In Physical Terms, By Country, 2007–2020
Table 6:
Imports, In Value Terms, By Country, 2007–2020
Table 7:
Import Prices, By Country Of Origin, 2007–2020
Table 8:
Exports, In Physical Terms, By Country, 2007–2020
Table 9:
Exports, In Value Terms, By Country, 2007–2020
Table 10:
Export Prices, By Country Of Destination, 2007–2020
LIST OF FIGURES
Figure 1:
Market Volume, In Physical Terms, 2007–2020
Figure 2:
Market Value, 2007–2020
Figure 3:
Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2007–2020
Figure 4:
Market Structure – Domestic Supply vs. Imports, In Value Terms, 2007–2020
Figure 5:
Trade Balance, In Physical Terms, 2007–2020
Figure 6:
Trade Balance, In Value Terms, 2007–2020
Figure 7:
Per Capita Consumption, 2007–2020
Figure 8:
Market Forecast To 2025
Figure 9:
Products: Market Size And Growth, By Type
Figure 10:
Products: Average Per Capita Consumption, By Type
Figure 11:
Products: Exports And Growth, By Type
Figure 12:
Products: Export Prices And Growth, By Type
Figure 13:
Production Volume And Growth
Figure 14:
Yield And Growth
Figure 15:
Exports And Growth
Figure 16:
Export Prices And Growth
Figure 17:
Market Size And Growth
Figure 18:
Per Capita Consumption
Figure 19:
Imports And Growth
Figure 20:
Import Prices
Figure 21:
Production, In Physical Terms, 2007–2020
Figure 22:
Production, In Value Terms, 2007–2020
Figure 23:
Producing Animals Slaughtered, 2007–2020
Figure 24:
Yield, 2007–2020
Figure 25:
Imports, In Physical Terms, 2007–2020
Figure 26:
Imports, In Value Terms, 2007–2020
Figure 27:
Imports, In Physical Terms, By Country, 2020
Figure 28:
Imports, In Physical Terms, By Country, 2007–2020
Figure 29:
Imports, In Value Terms, By Country, 2007–2020
Figure 30:
Import Prices, By Country Of Origin, 2007–2020
Figure 31:
Exports, In Physical Terms, 2007–2020
Figure 32:
Exports, In Value Terms, 2007–2020
Figure 33:
Exports, In Physical Terms, By Country, 2020
Figure 34:
Exports, In Physical Terms, By Country, 2007–2020
Figure 35:
Exports, In Value Terms, By Country, 2007–2020
Figure 36:
Export Prices, By Country Of Destination, 2007–2020

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