Singapore - Mushrooms (Dried) - Market Analysis, Forecast, Size, Trends and Insights
Update: COVID-19 Impact

Singapore: Dried Mushroom Market Overview 2020

Dried Mushroom Market Size in Singapore

The revenue of the dried mushroom market in Singapore amounted to $X in 2018, surging 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). The market value increased at an average annual rate of +X% over the period from 2007 to 2018; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2013 with an increase of X% year-to-year. In that year, the dried mushroom market reached its peak level of $X. From 2014 to 2018, the growth of the dried mushroom market remained at a lower figure.

Dried Mushroom Exports

Exports from Singapore

Dried mushroom exports from Singapore stood at X tonnes in 2018, surging by X% against the previous year. Over the period under review, dried mushroom exports continue to indicate a prominent expansion. The most prominent rate of growth was recorded in 2008 when exports increased by X% against the previous year. Over the period under review, dried mushroom exports reached their maximum in 2018 and are expected to retain its growth in the immediate term.

In value terms, dried mushroom exports stood at $X in 2018. In general, dried mushroom exports continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2010 when exports increased by X% y-o-y. Exports peaked at $X in 2014; however, from 2015 to 2018, exports stood at a somewhat lower figure.

Exports by Country

Brunei Darussalam (X tonnes), Malaysia (X tonnes) and Viet Nam (X tonnes) were the main destinations of dried mushroom exports from Singapore, together comprising X% of total exports. The Philippines, Indonesia, French Polynesia, the United Arab Emirates, Taiwan, Chinese, India, China, Hong Kong SAR, Pakistan and Mauritius lagged somewhat behind, together comprising a further X 2007 to 2018, the most notable rate of growth in terms of exports, amongst the main countries of destination, was attained by Pakistan (+X% per year), while the other leaders experienced more modest paces of growth.

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

From 2007 to 2018, the average annual rate of growth in terms 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 Indonesia (-X% per year).

Export Prices by Country

The average dried mushroom export price stood at $X per tonne in 2018, falling by -X% against the previous year. Over the period under review, the dried mushroom export price continues to indicate a deep curtailment. The most prominent rate of growth was recorded in 2009 when the average export price increased by X% year-to-year. The export price peaked at $X per tonne in 2013; however, from 2014 to 2018, export prices stood at a somewhat lower figure.

Prices varied noticeably by the country of destination; the country with the highest price was Indonesia ($X per tonne), while the average price for exports to Taiwan, Chinese ($X per tonne) was amongst the lowest.

From 2007 to 2018, the most notable rate of growth in terms of prices was recorded for supplies to Indonesia, while the prices for the other major destinations experienced a decline.

Dried Mushroom Imports

Imports into Singapore

In 2018, the dried mushroom imports into Singapore totaled X tonnes, picking up by X% against the previous year. Overall, dried mushroom imports, however, continue to indicate a slight decline. The pace of growth was the most pronounced in 2013 when imports increased by X% y-o-y. Imports peaked at X tonnes in 2010; however, from 2011 to 2018, imports remained at a lower figure.

In value terms, dried mushroom imports totaled $X in 2018. Over the period under review, the total imports indicated significant growth from 2007 to 2018: its value decreased at an average annual rate of -X% over the last eleven years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2018 figures, dried mushroom imports increased by +X% against 2016 indices. The most prominent rate of growth was recorded in 2010 with an increase of X% year-to-year. Imports peaked at $X in 2013; however, from 2014 to 2018, imports remained at a lower figure.

Imports by Country

In 2018, China (X tonnes) constituted the largest supplier of dried mushroom to Singapore, accounting for a X% share of total imports. Moreover, dried mushroom imports from China exceeded the figures recorded by the second-largest supplier, China, Hong Kong SAR (X tonnes), more than tenfold.

From 2007 to 2018, the average annual growth rate of volume from China stood at -X%. The remaining supplying countries recorded the following average annual rates of imports growth: China, Hong Kong SAR (+X% per year) and Thailand (+X% per year).

In value terms, China ($X) constituted the largest supplier of dried mushroom to Singapore, comprising X% of total dried mushroom imports. The second position in the ranking was occupied by China, Hong Kong SAR ($X), with a X% share of total imports.

From 2007 to 2018, the average annual rate of growth in terms of value from China totaled +X%. The remaining supplying countries recorded the following average annual rates of imports growth: China, Hong Kong SAR (+X% per year) and Thailand (+X% per year).

Import Prices by Country

The average dried mushroom import price stood at $X per tonne in 2018, going down by -X% against the previous year. Overall, the import price indicated a resilient increase from 2007 to 2018: its price increased at an average annual rate of +X% over the last eleven-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2018 figures, dried mushroom import price increased by +X% against 2016 indices. The pace of growth appeared the most rapid in 2010 when the average import price increased by X% y-o-y. The import price peaked at $X per tonne in 2017, and then declined slightly in the following year.

Prices varied noticeably by the country of origin; the country with the highest price was China, Hong Kong SAR ($X per tonne), while the price for Thailand ($X per tonne) was amongst the lowest.

From 2007 to 2018, the most notable rate of growth in terms of prices was attained by China, while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox AI Platform