Singapore: Green Peas Market Overview 2021

Green Peas Market Size in Singapore

The Singaporean green peas market dropped to $X in 2020, which is down 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). Over the period under review, consumption, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2011 with an increase of X% against the previous year. As a result, consumption attained the peak level of $X. From 2012 to 2020, the growth of the market remained at a somewhat lower figure.

Green Peas Exports

Exports from Singapore

In 2020, shipments abroad of peas (green) increased by X% to X tonnes, rising for the third consecutive year after two years of decline. Overall, exports, however, saw a perceptible contraction. The pace of growth appeared the most rapid in 2018 when exports increased by X% y-o-y. Over the period under review, exports attained the maximum at X tonnes in 2015; however, from 2016 to 2020, exports failed to regain the momentum.

In value terms, green peas exports soared to $X in 2020. Over the period under review, exports, however, saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2010 when exports increased by X% y-o-y. Exports peaked at $X in 2015; however, from 2016 to 2020, exports failed to regain the momentum.

Exports by Country

Maldives (X tonnes), Malaysia (X tonnes) and Indonesia (X kg) were the main destinations of green peas exports from Singapore, with a combined X% share of total exports.

From 2007 to 2020, the biggest increases were in Indonesia, while shipments for the other leaders experienced more modest paces of growth.

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

From 2007 to 2020, the average annual growth rate of value to Malaysia amounted to +X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Maldives (+X% per year) and Brunei Darussalam (-X% per year).

Export Prices by Country

In 2020, the average green peas export price amounted to $X per tonne, rising by X% against the previous year. In general, the export price enjoyed prominent growth. The most prominent rate of growth was recorded in 2009 when the average export price increased by X% y-o-y. Over the period under review, average export prices hit record highs at $X per tonne in 2014; however, from 2015 to 2020, export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major export markets. In 2020, the country with the highest price was Brunei Darussalam ($X per tonne), while the average price for exports to Fiji ($X per tonne) was amongst the lowest.

From 2007 to 2020, the most notable rate of growth in terms of prices was recorded for supplies to Sri Lanka, while the prices for the other major destinations experienced more modest paces of growth.

Green Peas Imports

Imports into Singapore

In 2020, green peas imports into Singapore skyrocketed to X tonnes, jumping by X% compared with the year before. Over the period under review, imports, however, recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2011 with an increase of X% against the previous year. As a result, imports attained the peak of X tonnes. From 2012 to 2020, the growth imports remained at a somewhat lower figure.

In value terms, green peas imports dropped sharply to $X in 2020. Overall, imports, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2011 with an increase of X% against the previous year. As a result, imports attained the peak of $X. From 2012 to 2020, the growth imports remained at a lower figure.

Imports by Country

In 2020, China (X tonnes) constituted the largest supplier of green peas to Singapore, with a X% share of total imports. Moreover, green peas imports from China exceeded the figures recorded by the second-largest supplier, Malaysia (X tonnes), eightfold.

From 2007 to 2020, the average annual growth rate of volume from China amounted to -X%. The remaining supplying countries recorded the following average annual rates of imports growth: Malaysia (+X% per year) and Myanmar (+X% per year).

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

From 2007 to 2020, the average annual rate of growth in terms of value from China totaled -X%. The remaining supplying countries recorded the following average annual rates of imports growth: Malaysia (+X% per year) and Myanmar (-X% per year).

Import Prices by Country

The average green peas import price stood at $X per tonne in 2020, which is down by -X% against the previous year. In general, the import price, however, continues to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2011 an increase of X% y-o-y. Over the period under review, average import prices hit record highs at $X per tonne in 2017; however, from 2018 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 Malaysia ($X per tonne), while the price for Myanmar ($X per tonne) was amongst the lowest.

From 2007 to 2020, the most notable rate of growth in terms of prices was attained by Malaysia, while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox AI Platform