Singapore: Dried Mushroom Market 2022

Dried Mushroom Market Size in Singapore

The Singaporean dried mushroom market skyrocketed to $X in 2021, jumping 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, consumption showed a prominent expansion. As a result, consumption attained the peak level and is likely to continue growth in the immediate term.

Dried Mushroom Exports

Exports from Singapore

In 2021, exports of dried mushrooms and truffles from Singapore contracted to X tons, shrinking by -X% against 2020. Over the period under review, exports saw a pronounced slump. The most prominent rate of growth was recorded in 2013 when exports increased by X%. Over the period under review, the exports reached the peak figure at X tons in 2016; however, from 2017 to 2021, the exports remained at a lower figure.

In value terms, dried mushroom exports contracted to $X in 2021. Overall, exports continue to indicate a drastic downturn. The growth pace was the most rapid in 2013 when exports increased by X%. The exports peaked at $X in 2014; however, from 2015 to 2021, the exports remained at a lower figure.

Exports by Country

Oman (X tons), Brunei Darussalam (X tons) and Palau (X tons) were the main destinations of dried mushroom exports from Singapore, with a combined X% share of total exports.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Oman (with a CAGR of +X%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for dried mushroom exported from Singapore were Oman ($X), Brunei Darussalam ($X) and Malaysia ($X), together accounting for X% of total exports. Indonesia, Sri Lanka, Palau, the United Arab Emirates and Barbados lagged somewhat behind, together comprising a further X, with a CAGR of +X%, saw the highest rates of growth with regard to 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 dried mushroom export price stood at $X per ton in 2021, dropping by -X% against the previous year. Overall, the export price recorded a drastic downturn. The most prominent rate of growth was recorded in 2013 an increase of X% against the previous year. As a result, the export price attained the peak level of $X per ton. From 2014 to 2021, the the average export prices failed to regain momentum.

Prices varied noticeably by the country of destination: the country with the highest price was Malaysia ($X per ton), while the average price for exports to Palau ($X per ton) was amongst the lowest.

From 2012 to 2021, 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 a decline.

Dried Mushroom Imports

Imports into Singapore

In 2021, the amount of dried mushrooms and truffles imported into Singapore skyrocketed to X tons, jumping by X% against the previous year's figure. In general, imports showed buoyant growth. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, dried mushroom imports surged to $X in 2021. Overall, total imports indicated resilient growth from 2012 to 2021: its value increased at an average annual rate of +X% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2021, Oman (X tons) constituted the largest supplier of dried mushroom to Singapore, accounting for a X% share of total imports. Moreover, dried mushroom imports from Oman exceeded the figures recorded by the second-largest supplier, China (X tons), sixfold.

From 2012 to 2021, the average annual rate of growth in terms of volume from Oman amounted to +X%.

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

From 2012 to 2021, the average annual rate of growth in terms of value from Oman totaled +X%.

Import Prices by Country

In 2021, the average dried mushroom import price amounted to $X per ton, surging by X% against the previous year. Overall, the import price, however, recorded a mild curtailment. The most prominent rate of growth was recorded in 2013 an increase of X% against the previous year. The import price peaked at $X per ton in 2014; however, from 2015 to 2021, import prices stood at a somewhat lower figure.

Average prices varied somewhat amongst the major supplying countries. In 2021, the country with the highest price was Oman ($X per ton), while the price for China amounted to $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Oman (+X%).

Source: IndexBox Market Intelligence Platform