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Singapore - Peas (Dry) - Market Analysis, Forecast, Size, Trends and Insights
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Singapore: Dry Peas Market Overview 2021

Dry Peas Market Size in Singapore

The Singaporean dry peas market declined to $X in 2020, remaining stable 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, consumption, however, recorded a deep slump. The most prominent rate of growth was recorded in 2017 when the market value increased by X% y-o-y. Over the period under review, the market reached the maximum level at $X in 2007; however, from 2008 to 2020, consumption failed to regain the momentum.

Dry Peas Exports

Exports from Singapore

Dry peas exports from Singapore contracted markedly to X tonnes in 2020, waning by -X% on 2019. Over the period under review, exports, however, showed a modest increase. The pace of growth appeared the most rapid in 2009 when exports increased by X% y-o-y. Over the period under review, exports hit record highs at X tonnes in 2011; however, from 2012 to 2020, exports stood at a somewhat lower figure.

In value terms, dry peas exports contracted notably to $X in 2020. In general, exports, however, recorded a relatively flat trend pattern. The growth pace was the most rapid in 2010 with an increase of X% year-to-year. Over the period under review, exports attained the peak figure at $X in 2011; however, from 2012 to 2020, exports stood at a somewhat lower figure.

Exports by Country

The UK (X tonnes) was the main destination for dry peas exports from Singapore, accounting for a X% share of total exports. Moreover, dry peas exports to the UK exceeded the volume sent to the second major destination, Canada (X tonnes), more than tenfold.

From 2007 to 2020, the average annual growth rate of volume to the UK stood at +X%.

From 2007 to 2020, the average annual rate of growth in terms of value to the UK totaled +X%.

Export Prices by Country

The average dry peas export price stood at $X per tonne in 2020, surging by X% against the previous year. Over the period under review, the export price, however, recorded a perceptible downturn. The pace of growth appeared the most rapid in 2018 when the average export price increased by X% year-to-year. Over the period under review, average export prices reached the maximum at $X per tonne in 2007; however, from 2008 to 2020, export prices remained at a lower figure.

Average prices varied noticeably for the major overseas markets. In 2020, the country with the highest price was the UK ($X per tonne), while the average price for exports to Canada totaled $X per tonne.

From 2007 to 2020, the most notable rate of growth in terms of prices was recorded for supplies to Canada.

Dry Peas Imports

Imports into Singapore

In 2020, imports of peas (dry) into Singapore stood at X tonnes, surging by X% compared with 2019. Overall, imports, however, saw a deep slump. The most prominent rate of growth was recorded in 2015 when imports increased by X% against the previous year. Over the period under review, imports reached the peak figure at X tonnes in 2011; however, from 2012 to 2020, imports failed to regain the momentum.

In value terms, dry peas imports contracted sharply to $X in 2020. In general, imports, however, recorded a noticeable decrease. The pace of growth was the most pronounced in 2015 with an increase of X% y-o-y. As a result, imports attained the peak of $X. from 2016 to 2020, the growth imports remained at a lower figure.

Imports by Country

In 2020, Canada (X tonnes) constituted the largest supplier of dry peas to Singapore, with a X% share of total imports. Moreover, dry peas imports from Canada exceeded the figures recorded by the second-largest supplier, New Zealand (X tonnes), fourfold. Democratic Republic of the Congo (X tonnes) ranked third in terms of total imports with a X% share.

From 2007 to 2020, the average annual rate of growth in terms of volume from Canada amounted to -X%. The remaining supplying countries recorded the following average annual rates of imports growth: New Zealand (-X% per year) and Democratic Republic of the Congo (X% per year).

In value terms, Canada ($X) constituted the largest supplier of dry peas to Singapore, comprising X% of total imports. The second position in the ranking was occupied by Democratic Republic of the Congo ($X), with a X% share of total imports. It was followed by New Zealand, with a X% share.

From 2007 to 2020, the average annual rate of growth in terms of value from Canada stood at +X%. The remaining supplying countries recorded the following average annual rates of imports growth: Democratic Republic of the Congo (X% per year) and New Zealand (-X% per year).

Import Prices by Country

In 2020, the average dry peas import price amounted to $X per tonne, falling by -X% against the previous year. Overall, the import price, however, posted a modest increase. The pace of growth was the most pronounced in 2012 when the average import price increased by X% year-to-year. The import price peaked at $X per tonne in 2016; however, from 2017 to 2020, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2020, the country with the highest price was Democratic Republic of the Congo ($X per tonne), while the price for Ukraine ($X per tonne) was amongst the lowest.

From 2007 to 2020, the most notable rate of growth in terms of prices was attained by Canada, while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for peas (dry) in the world?
+
The country with the largest volume of dry peas consumption was China (4.4M tonnes), accounting for 29% of total volume. Moreover, dry peas consumption in China exceeded the figures recorded by the second-largest consumer, Russia (1.9M tonnes), twofold. India (925K tonnes) ranked third in terms of total consumption with a 6.2% share.
What are the largest producers of peas (dry) in the world?
+
The countries with the highest volumes of dry peas production in 2020 were Canada (4.4M tonnes), Russia (2.6M tonnes) and China (1.5M tonnes), together comprising 57% of global production.
What are the leading suppliers of peas (dry) to Singapore?
+
In value terms, Canada ($382K) constituted the largest supplier of dry peas to Singapore, comprising 51% of total imports. The second position in the ranking was occupied by Democratic Republic of the Congo ($111K), with a 15% share of total imports. It was followed by New Zealand, with a 14% share.
What is the average export price for peas (dry) in Singapore?
+
In 2020, the average dry peas export price amounted to $1,330 per tonne, growing by 2.6% against the previous year.
What is the average import price for peas (dry) in Singapore?
+
The average dry peas import price stood at $543 per tonne in 2020, reducing by -17.9% against the previous year.

Product coverage:
• FCL 187 - Peas, dry

This report provides an in-depth analysis of the dry peas 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

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 2007–2020
8.2
IMPORTS BY COUNTRY
8.3
IMPORT PRICES BY COUNTRY
9. EXPORTS

The Largest Destinations for Exports

9.1
EXPORTS FROM 2007–2020
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 2020
Table 2:
Market Volume, In Physical Terms, 2007–2020
Table 3:
Market Value, 2007–2020
Table 4:
Per Capita Consumption In 2007–2020
Table 5:
Imports, In Physical Terms, By Country, 2007–2020
Table 6:
Imports, In Value Terms, By Country, 2007–2020
Table 7:
Import Prices, By Country Of Origin, 2007–2020
Table 8:
Exports, In Physical Terms, By Country, 2007–2020
Table 9:
Exports, In Value Terms, By Country, 2007–2020
Table 10:
Export Prices, By Country Of Destination, 2007–2020
LIST OF FIGURES
Figure 1:
Market Volume, In Physical Terms, 2007–2020
Figure 2:
Market Value, 2007–2020
Figure 3:
Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2007–2020
Figure 4:
Market Structure – Domestic Supply vs. Imports, In Value Terms, 2007–2020
Figure 5:
Trade Balance, In Physical Terms, 2007–2020
Figure 6:
Trade Balance, In Value Terms, 2007–2020
Figure 7:
Per Capita Consumption, 2007–2020
Figure 8:
Market Forecast To 2030
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, 2007–2020
Figure 22:
Production, In Value Terms, 2007–2020
Figure 23:
Area Harvested, 2007–2020
Figure 24:
Yield, 2007–2020
Figure 25:
Imports, In Physical Terms, 2007–2020
Figure 26:
Imports, In Value Terms, 2007–2020
Figure 27:
Imports, In Physical Terms, By Country, 2020
Figure 28:
Imports, In Physical Terms, By Country, 2007–2020
Figure 29:
Imports, In Value Terms, By Country, 2007–2020
Figure 30:
Import Prices, By Country Of Origin, 2007–2020
Figure 31:
Exports, In Physical Terms, 2007–2020
Figure 32:
Exports, In Value Terms, 2007–2020
Figure 33:
Exports, In Physical Terms, By Country, 2020
Figure 34:
Exports, In Physical Terms, By Country, 2007–2020
Figure 35:
Exports, In Value Terms, By Country, 2007–2020
Figure 36:
Export Prices, By Country Of Destination, 2007–2020
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