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Singapore - Olives - Market Analysis, Forecast, Size, Trends and Insights
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Singapore: Olive Market Overview 2021

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Olive Market Size in Singapore

The Singaporean olive market amounted to $X in 2018, almost unchanged from the previous year. Over the period under review, consumption showed a relatively flat trend pattern. Over the period under review, the market reached the maximum level at $X in 2017, and then totaled in the following year.

Olive Production in Singapore

In value terms, olive production shrank rapidly to $X in 2019 estimated in export prices. In general, production continues to indicate a deep slump. The growth pace was the most rapid in 2015 with an increase of X% against the previous year. Over the period under review, production reached the peak level at $X in 2012; however, from 2013 to 2019, production failed to regain the momentum.

In 2019, the average yield of olives in Singapore totaled X kg per ha, therefore, remained relatively stable against the previous year. In general, the yield showed a relatively flat trend pattern. Despite the increased use of modern agricultural techniques and methods, future yield figures may still be impacted by adverse weather conditions.

The olive harvested area in Singapore stood at X ha in 2019, remaining relatively unchanged against the year before. Over the period under review, the harvested area saw a relatively flat trend pattern.

Olive Exports

Exports from Singapore

In 2019, overseas shipments of olives decreased by -X% to X tonnes, falling for the second year in a row after three years of growth. Overall, exports showed a abrupt decline. The pace of growth appeared the most rapid in 2017 with an increase of X% y-o-y. Exports peaked at X tonnes in 2012; however, from 2013 to 2019, exports failed to regain the momentum.

In value terms, olive exports shrank rapidly to $X in 2019. Over the period under review, exports showed a deep setback. The smallest decline of -X% was in 2014. Over the period under review, exports hit record highs at $X in 2012; however, from 2013 to 2019, exports remained at a lower figure.

Exports by Country

Indonesia (X tonnes), Brunei Darussalam (X tonnes) and South Korea (X tonnes) were the main destinations of olive exports from Singapore, with a combined X% share of total exports.

From 2012 to 2019, the biggest increases were in Indonesia (+X% per year), while shipments for the other leaders experienced more modest paces of growth.

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

From 2012 to 2019, the average annual growth rate of value to Indonesia amounted to +X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Brunei Darussalam (+X% per year) and South Korea (X% per year).

Export Prices by Country

In 2019, the average olive export price amounted to $X per tonne, with a decrease of -X% against the previous year. Over the period under review, the export price continues to indicate a abrupt decline. The most prominent rate of growth was recorded in 2013 an increase of X% against the previous year. As a result, export price reached the peak level of $X per tonne. From 2014 to 2019, the growth in terms of the average export prices failed to regain the momentum.

Average prices varied somewhat for the major export markets. In 2019, the country with the highest price was South Korea ($X per tonne), while the average price for exports to Brunei Darussalam ($X per tonne) was amongst the lowest.

From 2012 to 2019, the most notable rate of growth in terms of prices was recorded for supplies to South Korea, while the prices for the other major destinations experienced a decline.

Olive Imports

Imports into Singapore

In 2019, approx. X tonnes of olives were imported into Singapore; surging by X% compared with the previous year's figure. In general, imports, however, showed a abrupt curtailment. The pace of growth was the most pronounced in 2017 with an increase of X% year-to-year. As a result, imports attained the peak of X tonnes. From 2018 to 2019, the growth imports remained at a somewhat lower figure.

In value terms, olive imports contracted remarkably to $X in 2019. Overall, imports, however, enjoyed a modest increase. The growth pace was the most rapid in 2014 when imports increased by X% year-to-year. As a result, imports attained the peak of $X. From 2015 to 2019, the growth imports remained at a somewhat lower figure.

Imports by Country

China (X tonnes), Bangladesh (X tonnes) and Thailand (X tonnes) were the main suppliers of olive imports to Singapore, with a combined X% share of total imports.

From 2012 to 2019, the biggest increases were in Bangladesh, while purchases for the other leaders experienced more modest paces of growth.

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

From 2012 to 2019, the average annual rate of growth in terms of value from China amounted to +X%. The remaining supplying countries recorded the following average annual rates of imports growth: Thailand (+X% per year) and Bangladesh (+X% per year).

Import Prices by Country

The average olive import price stood at $X per tonne in 2019, reducing by -X% against the previous year. In general, the import price, however, enjoyed resilient growth. The most prominent rate of growth was recorded in 2014 when the average import price increased by X% y-o-y. The import price peaked at $X per tonne in 2018, and then declined dramatically in the following year.

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

From 2012 to 2019, the most notable rate of growth in terms of prices was attained by India, 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 olives in the world?
+
The country with the largest volume of olive consumption was Spain (6M tonnes), comprising approx. 31% of total volume. Moreover, olive consumption in Spain exceeded the figures recorded by the second-largest consumer, Italy (2.2M tonnes), threefold. The third position in this ranking was occupied by Morocco (1.9M tonnes), with a 9.8% share.
What are the largest producers of olives in the world?
+
Spain (6M tonnes) remains the largest olive producing country worldwide, comprising approx. 31% of total volume. Moreover, olive production in Spain exceeded the figures recorded by the second-largest producer, Italy (2.2M tonnes), threefold. Morocco (1.9M tonnes) ranked third in terms of total production with a 9.8% share.
What are the leading suppliers of olives to Singapore?
+
In value terms, China ($11K) constituted the largest supplier of olive to Singapore, comprising 62% of total imports. The second position in the ranking was occupied by Thailand ($4.4K), with a 24% share of total imports. It was followed by Bangladesh, with a 7.9% share.
What are the leading importers of olives from Singapore?
+
In value terms, Indonesia ($7.1K) remains the key foreign market for olive exports from Singapore, comprising 47% of total exports. The second position in the ranking was occupied by Brunei Darussalam ($3.2K), with a 22% share of total exports.
What is the average export price for olives in Singapore?
+
In 2019, the average olive export price amounted to $1,334 per tonne, reducing by -10.8% against the previous year.
What is the average import price for olives in Singapore?
+
In 2019, the average olive import price amounted to $2,905 per tonne, which is down by -29.3% against the previous year.

Product coverage:
• FCL 260 - Olives

This report provides an in-depth analysis of the olive 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, HARVESTED AREA AND YIELD
8. IMPORTS

The Largest Import Supplying Countries

8.1
IMPORTS FROM 2007–2019
8.2
IMPORTS BY COUNTRY
8.3
IMPORT PRICES BY COUNTRY
9. EXPORTS

The Largest Destinations for Exports

9.1
EXPORTS FROM 2007–2019
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 2019
Table 2:
Market Volume, In Physical Terms, 2007–2019
Table 3:
Market Value, 2007–2019
Table 4:
Per Capita Consumption In 2007–2019
Table 5:
Imports, In Physical Terms, By Country, 2007–2019
Table 6:
Imports, In Value Terms, By Country, 2007–2019
Table 7:
Import Prices, By Country Of Origin, 2007–2019
Table 8:
Exports, In Physical Terms, By Country, 2007–2019
Table 9:
Exports, In Value Terms, By Country, 2007–2019
Table 10:
Export Prices, By Country Of Destination, 2007–2019
LIST OF FIGURES
Figure 1:
Market Volume, In Physical Terms, 2007–2019
Figure 2:
Market Value, 2007–2019
Figure 3:
Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2007–2019
Figure 4:
Market Structure – Domestic Supply vs. Imports, In Value Terms, 2007–2019
Figure 5:
Trade Balance, In Physical Terms, 2007–2019
Figure 6:
Trade Balance, In Value Terms, 2007–2019
Figure 7:
Per Capita Consumption, 2007–2019
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, 2007–2019
Figure 22:
Production, In Value Terms, 2007–2019
Figure 23:
Area Harvested, 2007–2019
Figure 24:
Yield, 2007–2019
Figure 25:
Imports, In Physical Terms, 2007–2019
Figure 26:
Imports, In Value Terms, 2007–2019
Figure 27:
Imports, In Physical Terms, By Country, 2019
Figure 28:
Imports, In Physical Terms, By Country, 2007–2019
Figure 29:
Imports, In Value Terms, By Country, 2007–2019
Figure 30:
Import Prices, By Country Of Origin, 2007–2019
Figure 31:
Exports, In Physical Terms, 2007–2019
Figure 32:
Exports, In Value Terms, 2007–2019
Figure 33:
Exports, In Physical Terms, By Country, 2019
Figure 34:
Exports, In Physical Terms, By Country, 2007–2019
Figure 35:
Exports, In Value Terms, By Country, 2007–2019
Figure 36:
Export Prices, By Country Of Destination, 2007–2019

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