Latest Report Update: Mar 21, 2021

Singapore - Milk - Market Analysis, Forecast, Size, Trends and Insights
Update: COVID-19 Impact

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Singapore: Milk Market Overview 2021

Milk Market Size in Singapore

The Singaporean milk market soared to $X in 2019, rising by X% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). In general, the total consumption indicated a resilient 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 increased by +X% against 2017 indices. The growth pace was the most rapid in 2008 when the market value increased by X% year-to-year. Milk consumption peaked in 2019 and is likely to see gradual growth in the near future.

Milk Exports

Exports from Singapore

In 2019, overseas shipments of milk decreased by -X% to X tonnes, falling for the fourth consecutive year after two years of growth. Overall, exports recorded a abrupt contraction. The pace of growth appeared the most rapid in 2012 with an increase of X% against the previous year. Over the period under review, exports reached the peak figure at X tonnes in 2007; however, from 2008 to 2019, exports remained at a lower figure.

In value terms, milk exports declined to $X in 2019. Over the period under review, exports showed a abrupt downturn. The most prominent rate of growth was recorded in 2012 when exports increased by X% y-o-y. Over the period under review, exports hit record highs at $X in 2007; however, from 2008 to 2019, exports remained at a lower figure.

Exports by Country

Malaysia (X tonnes), Gambia (X tonnes) and Cambodia (X tonnes) were the main destinations of milk exports from Singapore, with a combined X% share of total exports. These countries were followed by the United Arab Emirates, Comoros, Brunei Darussalam and the Philippines, which together accounted for a further X 2007 to 2019, the biggest increases were in Comoros, while shipments for the other leaders experienced more modest paces of growth.

In value terms, Malaysia ($X) remains the key foreign market for milk exports from Singapore, comprising X% of total exports. The second position in the ranking was occupied by Brunei Darussalam ($X), with a X% share of total exports. It was followed by Cambodia, with a X% share.

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

Export Prices by Country

In 2019, the average milk export price amounted to $X per tonne, declining by -X% against the previous year. Over the period under review, export price indicated a moderate expansion from 2007 to 2019: its price 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, milk export price increased by +X% against 2016 indices. The growth pace was the most rapid in 2009 when the average export price increased by X% year-to-year. The export price peaked at $X per tonne in 2012; however, from 2013 to 2019, export prices remained at a lower figure.

There were significant differences in the average prices for the major export markets. In 2019, the country with the highest price was Malaysia ($X per tonne), while the average price for exports to Gambia ($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 the Philippines, while the prices for the other major destinations experienced more modest paces of growth.

Milk Imports

Imports into Singapore

In 2019, approx. X tonnes of milk were imported into Singapore; with an increase of X% on the previous year's figure. Overall, total imports indicated a noticeable expansion from 2007 to 2019: its volume 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, imports increased by +X% against 2017 indices. The growth pace was the most rapid in 2015 when imports increased by X% y-o-y. Over the period under review, imports attained the maximum at X tonnes in 2016; however, from 2017 to 2019, imports remained at a lower figure.

In value terms, milk imports soared to $X in 2019. Over the period under review, total imports indicated strong growth 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, imports increased by +X% against 2017 indices. The most prominent rate of growth was recorded in 2015 when imports increased by X% y-o-y. As a result, imports reached the peak of $X. From 2016 to 2019, the growth imports remained at a somewhat lower figure.

Imports by Country

In 2019, Australia (X tonnes) constituted the largest milk supplier to Singapore, accounting for a X% share of total imports. Moreover, milk imports from Australia exceeded the figures recorded by the second-largest supplier, Thailand (X tonnes), threefold. The third position in this ranking was occupied by Germany (X tonnes), with a X% share.

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

In value terms, Australia ($X), Thailand ($X) and France ($X) constituted the largest milk suppliers to Singapore, with a combined X% share of total imports. New Zealand, Germany, Indonesia, Malaysia, Poland and India lagged somewhat behind, together comprising a further X the main suppliers, Poland (+X% per year) saw the highest rates of growth with regard to 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

The average milk import price stood at $X per tonne in 2019, jumping by X% against the previous year. Over the period from 2007 to 2019, it increased at an average annual rate of +X%. The pace of growth appeared the most rapid in 2008 an increase of X% y-o-y. Over the period under review, average import prices hit record highs at $X per tonne in 2015; however, from 2016 to 2019, import prices remained at a lower figure.

Prices varied noticeably by the country of origin; the country with the highest price was France ($X per tonne), while the price for Poland ($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 milk in the world?
+
The countries with the highest volumes of milk consumption in 2019 were India (190M tonnes), the U.S. (117M tonnes) and Pakistan (56M tonnes), with a combined 36% share of global consumption. Germany, China, Brazil, Russia, France, Turkey, New Zealand, Colombia, the UK and the Netherlands lagged somewhat behind, together accounting for a further 31%.
What are the largest producers of milk in the world?
+
The countries with the highest volumes of milk production in 2019 were India (190M tonnes), the U.S. (117M tonnes) and Pakistan (56M tonnes), together comprising 36% of global production. These countries were followed by Germany, Brazil, China, Russia, France, Turkey, New Zealand, Colombia, the UK and Poland, which together accounted for a further 31%.
What are the leading suppliers of milk to Singapore?
+
In value terms, Australia ($36M), Thailand ($22M) and France ($6.3M) appeared to be the largest milk suppliers to Singapore, together comprising 71% of total imports. New Zealand, Germany, Indonesia, Malaysia, Poland and India lagged somewhat behind, together accounting for a further 20%.
What are the leading importers of milk from Singapore?
+
In value terms, Malaysia ($1.1M) remains the key foreign market for milk exports from Singapore, comprising 60% of total exports. The second position in the ranking was occupied by Brunei Darussalam ($225K), with a 12% share of total exports. It was followed by Cambodia, with a 6.8% share.
What is the average export price for milk in Singapore?
+
In 2019, the average milk export price amounted to $1,819 per tonne, waning by -6.7% against the previous year.
What is the average import price for milk in Singapore?
+
In 2019, the average milk import price amounted to $1,007 per tonne, jumping by 19% against the previous year.

Product coverage:
• FCL 1130 - Camel milk
• FCL 882 - Cow milk, whole (fresh)
• FCL 1020 - Goat milk
• FCL 982 - Sheep milk
• FCL 951 - Buffalo milk
• FCL 888 - Skim Milk of Cows

This report provides an in-depth analysis of the milk 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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