Singapore: Orange Market Overview 2021

Orange Market Size in Singapore

The Singaporean orange market surged to $X in 2019, growing 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). Overall, the total consumption indicated a measured increase 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, consumption decreased by -X% against 2017 indices. The most prominent rate of growth was recorded in 2017 with an increase of X% year-to-year. As a result, consumption attained the peak level of $X. From 2018 to 2019, the growth of the market remained at a lower figure.

Orange Exports

Exports from Singapore

In 2019, overseas shipments of oranges increased by X% to X tonnes, rising for the second year in a row after three years of decline. In general, exports recorded significant growth. The most prominent rate of growth was recorded in 2010 with an increase of X% y-o-y. Exports peaked at X tonnes in 2014; however, from 2015 to 2019, exports remained at a lower figure.

In value terms, orange exports contracted slightly to $X in 2019. Overall, exports posted a significant increase. The most prominent rate of growth was recorded in 2010 with an increase of X% year-to-year. Over the period under review, exports reached the peak figure at $X in 2014; however, from 2015 to 2019, exports stood at a somewhat lower figure.

Exports by Country

Malaysia (X tonnes) was the main destination for orange exports from Singapore, accounting for a X% share of total exports. Moreover, orange exports to Malaysia exceeded the volume sent to the second major destination, Indonesia (X tonnes), twofold. The third position in this ranking was occupied by Brunei Darussalam (X tonnes), with a X% share.

From 2007 to 2019, the average annual growth rate of volume to Malaysia amounted to +X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Indonesia (+X% per year) and Brunei Darussalam (+X% per year).

In value terms, the largest markets for orange exported from Singapore were Malaysia ($X), Brunei Darussalam ($X) and Indonesia ($X), with a combined X% share of total exports. These countries were followed by Cambodia and Timor-Leste, which together accounted for a further X terms of the main countries of destination, Cambodia recorded the highest growth rate of 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

The average orange export price stood at $X per tonne in 2019, dropping by -X% against the previous year. Overall, export price indicated a notable expansion 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, orange export price increased by +X% against 2015 indices. The growth pace was the most rapid in 2010 an increase of X% year-to-year. The export price peaked at $X per tonne in 2011; however, from 2012 to 2019, export prices remained at a lower figure.

There were significant differences in the average prices for the major external markets. In 2019, the country with the highest price was Brunei Darussalam ($X per tonne), while the average price for exports to Malaysia ($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 Cambodia, while the prices for the other major destinations experienced more modest paces of growth.

Orange Imports

Imports into Singapore

In 2019, approx. X tonnes of oranges were imported into Singapore; surging by X% compared with the previous year's figure. 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 throughout the analyzed period. The most prominent rate of growth was recorded in 2017 with an increase of X% year-to-year. As a result, imports reached the peak of X tonnes. From 2018 to 2019, the growth imports failed to regain the momentum.

In value terms, orange imports surged to $X in 2019. Over the period under review, total imports indicated a strong expansion 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, imports decreased by -X% against 2017 indices. The pace of growth was the most pronounced in 2017 with an increase of X% year-to-year. Over the period under review, imports attained the peak figure at $X in 2014; however, from 2015 to 2019, imports remained at a lower figure.

Imports by Country

Australia (X tonnes), the U.S. (X tonnes) and South Africa (X tonnes) were the main suppliers of orange imports to Singapore, with a combined X% share of total imports. Egypt, Spain and Malaysia lagged somewhat behind, together accounting for a further X 2007 to 2019, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Malaysia, while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest orange suppliers to Singapore were Australia ($X), the U.S. ($X) and South Africa ($X), together accounting for X% of total imports. These countries were followed by Egypt, Spain and Malaysia, which together accounted for a further X the main suppliers, Egypt saw the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2019, the average orange import price amounted to $X per tonne, rising by X% against the previous year. Over the period from 2007 to 2019, it increased at an average annual rate of +X%. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

Average prices varied somewhat amongst the major supplying countries. In 2019, the highest prices were recorded for prices from the U.S. ($X per tonne) and Australia ($X per tonne), while the price for South Africa ($X per tonne) and Malaysia ($X per tonne) were amongst the lowest.

From 2007 to 2019, 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

Frequently Asked Questions (FAQ) :

What are the largest markets for oranges in the world?

+

The countries with the highest volumes of orange consumption in 2019 were Brazil (17M tonnes), China (11M tonnes) and India (9.6M tonnes), together comprising 48% of global consumption.

What are the largest producers of oranges in the world?

+

The countries with the highest volumes of orange production in 2019 were Brazil (17M tonnes), China (10M tonnes) and India (9.5M tonnes), with a combined 47% share of global production.

What are the leading suppliers of oranges to Singapore?

+

In value terms, the largest orange suppliers to Singapore were Australia ($13M), the U.S. ($12M) and South Africa ($8M), together accounting for 80% of total imports. These countries were followed by Egypt, Spain and Malaysia, which together accounted for a further 18%.

What are the leading importers of oranges from Singapore?

+

In value terms, the largest markets for orange exported from Singapore were Malaysia ($1.9M), Brunei Darussalam ($1.6M) and Indonesia ($1.3M), together comprising 90% of total exports. Cambodia and Timor-Leste lagged somewhat behind, together comprising a further 8.4%.

What is the average export price for oranges in Singapore?

+

In 2019, the average orange export price amounted to $1,022 per tonne, waning by -4.1% against the previous year.

What is the average import price for oranges in Singapore?

+

The average orange import price stood at $922 per tonne in 2019, increasing by 13% against the previous year.