Singapore - Oranges - Market Analysis, Forecast, Size, Trends and Insights
Update: COVID-19 Impact

Singapore: Orange Market Overview 2020

Orange Market Size in Singapore

The revenue of the orange market in Singapore amounted to $X in 2018, standing approx. at 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). Over the period under review, the total market indicated a strong expansion from 2007 to 2018: its value 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, orange consumption increased by +X% against 2015 indices. The growth pace was the most rapid in 2011 with an increase of X% year-to-year. Over the period under review, the orange market reached its peak figure level at $X in 2014; however, from 2015 to 2018, consumption failed to regain its momentum.

Orange Exports

Exports from Singapore

In 2018, the exports of oranges from Singapore amounted to X tonnes, shrinking by -X% against the previous year. Over the period under review, orange exports continue to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2014 with an increase of X% year-to-year. In that year, orange exports attained their peak of X tonnes. From 2015 to 2018, the growth of orange exports remained at a lower figure.

In value terms, orange exports totaled $X in 2018. Overall, orange exports continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2013 when exports increased by X% y-o-y. Over the period under review, orange exports reached their maximum at $X in 2014; however, from 2015 to 2018, exports remained at a lower figure.

Exports by Country

Malaysia (X tonnes), Brunei Darussalam (X tonnes) and Indonesia (X tonnes) were the main destinations of orange exports from Singapore, together comprising X% of total exports. Cambodia, Viet Nam, Timor-Leste and China, Hong Kong SAR lagged somewhat behind, together accounting for 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 Viet Nam (+X% per year), while the other leaders experienced more modest paces of growth.

In value terms, Malaysia ($X), Brunei Darussalam ($X) and Indonesia ($X) constituted the largest markets for orange exported from Singapore worldwide, with a combined X% share of total exports. Viet Nam, Cambodia, Timor-Leste and China, Hong Kong SAR lagged somewhat behind, together comprising a further X Nam (+X% per year) recorded the highest rates of growth with regard to exports, among the main countries of destination over the last eleven-year period, while the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2018, the average orange export price amounted to $X per tonne, surging by X% against the previous year. Over the period under review, the orange export price continues to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2018 when the average export price increased by X% y-o-y. The export price peaked at $X per tonne in 2011; however, from 2012 to 2018, export prices failed to regain their momentum.

Average prices varied somewhat for the major foreign markets. In 2018, the countries with the highest prices were Viet Nam ($X per tonne) and Brunei Darussalam ($X per tonne), while the average price for exports to Indonesia ($X per tonne) and Timor-Leste ($X per tonne) were amongst the lowest.

From 2007 to 2018, the most notable rate of growth in terms of prices was recorded for supplies to Viet Nam, while the prices for the other major destinations experienced more modest paces of growth.

Orange Imports

Imports into Singapore

In 2018, the orange imports into Singapore stood at X tonnes, shrinking by -X% against the previous year. The total import volume increased at an average annual rate of +X% 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 2017 with an increase of X% year-to-year. In that year, orange imports reached their peak of X tonnes, and then declined slightly in the following year.

In value terms, orange imports totaled $X in 2018. Over the period under review, the total imports indicated a resilient expansion from 2007 to 2018: its value increased 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, orange imports increased by +X% against 2015 indices. The growth pace was the most rapid in 2011 with an increase of X% y-o-y. Imports peaked at $X in 2014; however, from 2015 to 2018, imports remained at a lower figure.

Imports by Country

The U.S. (X tonnes), South Africa (X tonnes) and Australia (X tonnes) were the main suppliers of orange imports to Singapore, with a combined X% share of total imports.

From 2007 to 2018, the most notable rate of growth in terms of imports, amongst the main suppliers, was attained by Australia, while the other leaders experienced more modest paces of growth.

In value terms, the U.S. ($X), South Africa ($X) and Australia ($X) constituted the largest orange suppliers to Singapore, together accounting for X% of total imports. These countries were followed by Egypt, China and Spain, which together accounted for a further X terms of the main suppliers, Egypt recorded the highest rates of growth with regard to imports, over the last eleven-year period, while the other leaders experienced more modest paces of growth.

Import Prices by Country

The average orange import price stood at $X per tonne in 2018, increasing by X% against the previous year. Over the last eleven years, it increased at an average annual rate of +X%. The most prominent rate of growth was recorded in 2011 when the average import price increased by X% year-to-year. Over the period under review, the average import prices for oranges attained their maximum at $X per tonne in 2014; however, from 2015 to 2018, import prices stood at a somewhat lower figure.

Average prices varied somewhat amongst the major supplying countries. In 2018, the countries with the highest prices were Australia ($X per tonne) and Egypt ($X per tonne), while the price for China ($X per tonne) and the U.S. ($X per tonne) were amongst the lowest.

From 2007 to 2018, the most notable rate of growth in terms of prices was attained by Egypt, while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox AI Platform