Singapore: Oil Crops Market Overview 2020

Oil Crops Market Size in Singapore

The revenue of the oil crops market in Singapore amounted to $X in 2017, increasing by X% against the previous year. In general, the total market indicated a remarkable increase from 2007 to 2017: its value increased at an average annual rate of +X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations throughout the analyzed period. Based on 2017 figures, the oil crops consumption decreased by -X% against 2015 indices. The most prominent rate of growth was recorded in 2008, when market value increased by X% year-to-year. Singapore oil crops consumption peaked of $X in 2015; however, from 2016 to 2017, it failed to regain its momentum.

Oil Crops Production in Singapore

In 2017, the amount of oil crops (primary) produced in Singapore totaled X tonnes, falling by -X% against the previous year. In general, oil crops production continues to indicate a deep slump. The pace of growth was the most pronounced in 2012, when it surged by X% y-o-y. Singapore oil crops production peaked of X tonnes in 2013; however, from 2014 to 2017, it stood at a somewhat lower level. Oil crops output in Singapore indicated a deep downturn, which was largely conditioned by a deep curtailment of the harvested area and a measured decrease in yield figures.

Average yield of oil crops (primary) in Singapore amounted to X tonne per ha in 2017, coming down by -X% against the previous year. Overall, oil crops yield continues to indicate a temperate curtailment. The growth pace was the most rapid in 2016, when yield increased by X% against the previous year. Singapore oil crops yield peaked of X tonne per ha in 2007; however, from 2008 to 2017, it stood at a somewhat lower level. Despite the increased use of modern agricultural techniques and methods, future yield figures may still be impacted by adverse weather conditions.

In 2017, approx. X ha of oil crops (primary) were harvested in Singapore; declining by -X% against the previous year. In general, oil crops harvested area continues to indicate a temperate decline. The most prominent rate of growth was recorded in 2012, with an increase of X% y-o-y. Singapore oil crops harvested area peaked of X ha in 2014; however, from 2015 to 2017, it failed to regain its momentum.

Oil Crops Exports from Singapore

In 2017, exports of oil crops (primary) from Singapore stood at X tonnes, coming down by -X% against the previous year. In general, oil crops exports continue to indicate a slight growth. The growth pace was the most rapid in 2009, when it surged by X% year-to-year. Singapore exports peaked of X tonnes in 2012; however, from 2013 to 2017, it stood at a somewhat lower level.

In value terms, oil crops exports stood at $X in 2017. Overall, oil crops exports continue to indicate a mild expansion. Over the period under review, the oil crops exports attained its peak figure level of $X in 2012; however, from 2013 to 2017, it stood at a somewhat lower level.

Oil Crops Exports by Country from Singapore

The U.S. (X tonnes) and Brazil (X tonnes) were the largest exporters of oil crops (primary) in 2017, recording approx. X% and X% of total exports, respectively. Canada (X tonnes) ranks second in terms of the global exports with a X% share, followed by Argentina (X%). Ukraine (X tonnes), Paraguay (X tonnes), Australia (X tonnes) and Romania (X tonnes) held the weak share of total exports.

From 2007 to 2017, the most notable rate of growth in terms of exports, amongst the main exporting countries, was attained by Romania (+X% per year), while the other leaders experienced more modest paces of growth.

In value terms, the largest oil crops markets worldwide were the U.S. ($X), Brazil ($X) and Canada ($X), together comprising X% of total exports. Argentina, Australia, Paraguay, Ukraine, Romania and Singapore lagged somewhat behind, together accounting for a further X%.

In terms of the main exporting countries , Romania (+X% per year) experienced the highest growth rate of exports, over the last decade, while the other leaders experienced more modest paces of growth.

Oil Crops Export Prices by Country in Singapore

In 2017, the oil crops export price in Singapore amounted to $X per tonne, standing approx. at the previous year. Overall, oil crops export price continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2010, when the export prices increased by X% year-to-year. Over the period under review, the export prices for oil crops (primary) reached its peak figure level of $X per tonne in 2013; however, from 2014 to 2017, it failed to regain its momentum.

Export prices varied noticeably by the country of destination; the country with the highest export price was Australia ($X per tonne), while Ukraine ($X per tonne) was amongst the lowest.

From 2007 to 2017, the most notable rate of growth in terms of export prices was attained by Paraguay (+X% per year), while the other leaders experienced more modest paces of growth.

Oil Crops Imports into Singapore

Oil crops imports into Singapore stood at X tonnes in 2017, growing by X% against the previous year. In general, the total imports indicated a prominent increase from 2007 to 2017: its volume increased at an average annual rate of +X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations throughout the analyzed period. Based on 2017 figures, the oil crops imports decreased by -X% against 2015 indices. The pace of growth appeared the most rapid in 2008, with an increase of X% against the previous year. Over the period under review, the oil crops imports reached its peak figure volume of X tonnes in 2015; however, from 2016 to 2017, it stood at a somewhat lower level.

In value terms, oil crops imports totaled $X in 2017. In general, the total imports indicated a strong increase from 2007 to 2017: its value increased at an average annual rate of +X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations throughout the analyzed period. Based on 2017 figures, the oil crops imports decreased by -X% against 2015 indices. Over the period under review, the oil crops imports attained its peak figure level of $X in 2015; however, from 2016 to 2017, it failed to regain its momentum.

Oil Crops Imports by Country into Singapore

China dominates oil crops imports structure, amounting to X tonnes, which was approx. X% of total imports in 2017. It was distantly followed by Germany (X tonnes), achieving X% share of total imports. The Netherlands (X tonnes), Mexico (X tonnes), Japan (X tonnes), Turkey (X tonnes), Spain (X tonnes), Indonesia (X tonnes), Belgium (X tonnes), Thailand (X tonnes), Viet Nam (X tonnes) and France (X tonnes) followed a long way behind the leaders.

China was also the fastest growing in terms of the oil crops (primary) imports, with a CAGR of +X% from 2007 to 2017. At the same time, Viet Nam (+X%), France (+X%), Thailand (+X%), Indonesia (+X%), Belgium (+X%), Germany (+X%), Turkey (+X%), the Netherlands (+X%), Spain (+X%) and Mexico (+X%) displayed positive paces of growth. By contrast, Japan (-X%) illustrated a downward trend over the same period. From 2007 to 2017, the share of China decreased by -X% percentage points, while the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, China ($X) constitutes the largest market for imported oil crops (primary) into Singapore, making up X% of global imports. The second position in the ranking was occupied by Germany ($X), with a X% share of global imports. It was followed by Turkey, with a X% share.

In China, oil crops imports increased at an average annual rate of +X% over the period from 2007-2017. In the other countries, the average annual rates were as follows: Germany (+X% per year) and Turkey (+X% per year).

Oil Crops Import Prices by Country in Singapore

In 2017, the oil crops import price in Singapore amounted to $X per tonne, rising by X% against the previous year. Over the period from 2007 to 2017, it increased at an average annual rate of +X%. The pace of growth was the most pronounced in 2008, when the import prices increased by X% against the previous year. Singapore import price peaked of $X per tonne in 2011; however, from 2012 to 2017, it stood at a somewhat lower level.

Import prices varied noticeably by the country of destination; the country with the highest import price was Viet Nam ($X per tonne), while the Netherlands ($X per tonne) was amongst the lowest.

From 2007 to 2017, the most notable rate of growth in terms of import prices was attained by Viet Nam (+X% per year), while the other leaders experienced more modest paces of growth.

Source: IndexBox AI Platform