Singapore: Dried Mushroom Market Overview 2021

Dried Mushroom Market Size in Singapore

For the third consecutive year, the Singaporean dried mushroom market recorded growth in sales value, which increased by X% to $X in 2019. Overall, the total consumption indicated a strong increase 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, consumption increased by +X% against 2016 indices. The pace of growth was the most pronounced in 2013 with an increase of X% against the previous year. Dried mushroom consumption peaked in 2019 and is expected to retain growth in the near future.

Dried Mushroom Exports

Exports from Singapore

In 2019, overseas shipments of mushrooms (dried) decreased by -X% to X tonnes, falling for the second year in a row after five years of growth. Overall, exports continue to indicate a perceptible contraction. The pace of growth appeared the most rapid in 2008 with an increase of X% year-to-year. As a result, exports attained the peak of X tonnes. From 2009 to 2019, the growth exports remained at a somewhat lower figure.

In value terms, dried mushroom exports shrank markedly to $X in 2019. Over the period under review, exports saw a deep setback. The pace of growth was the most pronounced in 2010 when exports increased by X% against the previous year. Exports peaked at $X in 2014; however, from 2015 to 2019, exports stood at a somewhat lower figure.

Exports by Country

Brunei Darussalam (X tonnes), Sri Lanka (X tonnes) and Malaysia (X tonnes) were the main destinations of dried mushroom exports from Singapore, with a combined X% share of total exports. Mauritius, Vanuatu, Maldives, New Caledonia and Indonesia lagged somewhat behind, together accounting for a further X 2007 to 2019, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Vanuatu (+X% per year), while exports for the other leaders experienced more modest paces of growth.

In value terms, Brunei Darussalam ($X), Malaysia ($X) and Sri Lanka ($X) constituted the largest markets for dried mushroom exported from Singapore worldwide, with a combined X% share of total exports. These countries were followed by Mauritius, Indonesia, Maldives, Vanuatu and New Caledonia, which together accounted for a further X the main countries of destination, New Caledonia saw the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2019, the average dried mushroom export price amounted to $X per tonne, which is down by -X% against the previous year. Over the period under review, the export price showed a perceptible decline. The pace of growth was the most pronounced in 2013 an increase of X% y-o-y. The export price peaked at $X per tonne in 2011; however, from 2012 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 Malaysia ($X per tonne), while the average price for exports to Vanuatu ($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 Indonesia, while the prices for the other major destinations experienced more modest paces of growth.

Dried Mushroom Imports

Imports into Singapore

In 2019, purchases abroad of mushrooms (dried) increased by X% to X tonnes, rising for the second year in a row after two years of decline. 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 in certain years. The pace of growth was the most pronounced in 2013 when imports increased by X% against the previous year. Imports peaked in 2019 and are expected to retain growth in the immediate term.

In value terms, dried mushroom imports expanded markedly to $X in 2019. Overall, total imports indicated buoyant 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 2016 indices. The pace of growth appeared the most rapid in 2013 with an increase of X% y-o-y. Imports peaked in 2019 and are likely to see gradual growth in the near future.

Imports by Country

In 2019, China (X tonnes) was the main dried mushroom supplier to Singapore, with a X% share of total imports. Moreover, dried mushroom imports from China exceeded the figures recorded by the second-largest supplier, Malaysia (X tonnes), more than tenfold.

From 2007 to 2019, the average annual growth rate of volume from China stood at +X%.

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

From 2007 to 2019, the average annual growth rate of value from China totaled +X%.

Import Prices by Country

In 2019, the average dried mushroom import price amounted to $X per tonne, growing by X% against the previous year. Over the period under review, import price indicated a notable increase 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, dried mushroom import price increased by +X% against 2016 indices. The pace of growth appeared the most rapid in 2009 an increase of X% year-to-year. Over the period under review, average import prices hit record highs in 2019 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 China ($X per tonne), while the price for Malaysia stood at $X per tonne.

From 2007 to 2019, the most notable rate of growth in terms of prices was attained by China.

Source: IndexBox AI Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for mushrooms (dried) in the world?

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China (747K tonnes) remains the largest dried mushroom consuming country worldwide, comprising approx. 76% of total volume. Moreover, dried mushroom consumption in China exceeded the figures recorded by the second-largest consumer, Zambia (50K tonnes), more than tenfold. The third position in this ranking was occupied by Viet Nam (45K tonnes), with a 4.5% share.

What are the largest producers of mushrooms (dried) in the world?

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China (845K tonnes) remains the largest dried mushroom producing country worldwide, accounting for 90% of total volume. Moreover, dried mushroom production in China exceeded the figures recorded by the second-largest producer, Zambia (50K tonnes), more than tenfold.

What are the leading suppliers of mushrooms (dried) to Singapore?

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In value terms, China ($28M) constituted the largest supplier of dried mushroom to Singapore, comprising 93% of total imports. The second position in the ranking was occupied by Malaysia ($378K), with a 1.3% share of total imports.

What are the leading importers of mushrooms (dried) from Singapore?

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In value terms, the largest markets for dried mushroom exported from Singapore were Brunei Darussalam ($113K), Malaysia ($65K) and Sri Lanka ($44K), with a combined 73% share of total exports. These countries were followed by Mauritius, Indonesia, Maldives, Vanuatu and New Caledonia, which together accounted for a further 18%.

What is the average export price for mushrooms (dried) in Singapore?

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In 2019, the average dried mushroom export price amounted to $4,837 per tonne, falling by -31% against the previous year.

What is the average import price for mushrooms (dried) in Singapore?

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In 2019, the average dried mushroom import price amounted to $16,287 per tonne, surging by 3.4% against the previous year.