Singapore: Overview of the Market for Peel Of Citrus Fruit Or Melons 2021

Market Size for Peel Of Citrus Fruit Or Melons in Singapore

After three years of growth, the Singaporean market for peel of citrus fruit or melons decreased by -X% to $X in 2020. Overall, the total consumption indicated a notable increase from 2007 to 2020: its value increased at an average annual rate of +X% over the last thirteen years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2020 figures, consumption increased by +X% against 2016 indices. The most prominent rate of growth was recorded in 2013 when the market value increased by X% against the previous year. Citrus fruit or melons peel consumption peaked at $X in 2019, and then declined slightly in the following year.

Production of Peel Of Citrus Fruit Or Melons in Singapore

In value terms, citrus fruit or melons peel production dropped to $X in 2020 estimated in export prices. Overall, production recorded buoyant growth. The pace of growth appeared the most rapid in 2013 with an increase of X% y-o-y. Over the period under review, production hit record highs at $X in 2019, and then declined slightly in the following year.

Exports of Peel Of Citrus Fruit Or Melons

Exports from Singapore

In 2020, the amount of peel of citrus fruit or melons exported from Singapore fell remarkably to X kg, with a decrease of -X% against the previous year. Over the period under review, exports recorded a precipitous descent. The growth pace was the most rapid in 2009 with an increase of X% y-o-y. As a result, exports attained the peak of X tonnes. from 2010 to 2020, the growth exports remained at a lower figure.

In value terms, citrus fruit or melons peel exports declined rapidly to $X in 2020. In general, exports showed a deep contraction. The pace of growth was the most pronounced in 2013 with an increase of X% year-to-year. As a result, exports reached the peak of $X. from 2014 to 2020, the growth exports remained at a lower figure.

Exports by Country

Malaysia (X kg), Indonesia (X kg) and Cambodia (X kg) were the main destinations of citrus fruit or melons peel exports from Singapore, with a combined X% share of total exports.

From 2007 to 2020, the biggest increases were in Cambodia, while shipments for the other leaders experienced mixed trend patterns.

In value terms, the largest markets for citrus fruit or melons peel exported from Singapore were Malaysia ($X), Indonesia ($X) and Cambodia ($X), with a combined X% share of total exports.

In terms of the main countries of destination, Malaysia 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

In 2020, the average export price for peel of citrus fruit or melons amounted to $X per tonne, waning by -X% against the previous year. Overall, the export price, however, continues to indicate a buoyant expansion. The pace of growth was the most pronounced in 2014 an increase of X% y-o-y. As a result, export price attained the peak level of $X per tonne. from 2015 to 2020, the growth in terms of the average export prices remained at a lower figure.

Average prices varied noticeably for the major foreign markets. In 2020, the country with the highest price was Malaysia ($X per tonne), while the average price for exports to Cambodia ($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 Malaysia, while the prices for the other major destinations experienced more modest paces of growth.

Imports of Peel Of Citrus Fruit Or Melons

Imports into Singapore

In 2020, approx. X tonnes of peel of citrus fruit or melons were imported into Singapore; which is down by -X% compared with the year before. Overall, imports saw a abrupt descent. The most prominent rate of growth was recorded in 2008 with an increase of X% against the previous year. As a result, imports reached the peak of X tonnes. from 2009 to 2020, the growth imports remained at a somewhat lower figure.

In value terms, citrus fruit or melons peel imports expanded rapidly to $X in 2020. Over the period under review, imports showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2010 when imports increased by X% y-o-y. Imports peaked in 2020 and are likely to continue growth in the near future.

Imports by Country

China (X tonnes), Japan (X tonnes) and Spain (X tonnes) were the main suppliers of citrus fruit or melons peel imports to Singapore, with a combined X% share of total imports.

From 2007 to 2020, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Spain (+X% per year), while imports for the other leaders experienced more modest paces of growth.

In value terms, Japan ($X), China ($X) and France ($X) constituted the largest citrus fruit or melons peel suppliers to Singapore, with a combined X% share of total imports. Spain and Hong Kong SAR lagged somewhat behind, together accounting for a further X terms of the main suppliers, Spain (+X% per year) 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

The average import price for peel of citrus fruit or melons stood at $X per tonne in 2020, with an increase of X% against the previous year. Overall, the import price showed a resilient expansion. The most prominent rate of growth was recorded in 2009 an increase of X% against the previous year. The import price peaked at $X per tonne in 2014; however, from 2015 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 Hong Kong SAR ($X per tonne), while the price for China ($X per tonne) was amongst the lowest.

From 2007 to 2020, the most notable rate of growth in terms of prices was attained by China, while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for peel of citrus fruit or melons in the world?

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The country with the largest volume of citrus fruit or melons peel consumption was China (80K tonnes), accounting for 15% of total volume. Moreover, citrus fruit or melons peel consumption in China exceeded the figures recorded by the second-largest consumer, India (33K tonnes), twofold. The U.S. (31K tonnes) ranked third in terms of total consumption with a 5.8% share.

What are the largest producers of peel of citrus fruit or melons in the world?

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China (82K tonnes) remains the largest citrus fruit or melons peel producing country worldwide, comprising approx. 15% of total volume. Moreover, citrus fruit or melons peel production in China exceeded the figures recorded by the second-largest producer, India (33K tonnes), twofold. Myanmar (31K tonnes) ranked third in terms of total production with a 5.5% share.

What are the leading suppliers of peel of citrus fruit or melons to Singapore?

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In value terms, the largest citrus fruit or melons peel suppliers to Singapore were Japan ($29K), China ($20K) and France ($13K), together accounting for 80% of total imports. Spain and Hong Kong SAR lagged somewhat behind, together comprising a further 19%.

What are the leading importers of peel of citrus fruit or melons from Singapore?

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In value terms, Malaysia ($745), Indonesia ($659) and Cambodia ($236) were the largest markets for citrus fruit or melons peel exported from Singapore worldwide, with a combined 99% share of total exports.

What is the average export price for peel of citrus fruit or melons in Singapore?

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In 2020, the average export price for peel of citrus fruit or melons amounted to $3,067 per tonne, shrinking by -26.4% against the previous year.

What is the average import price for peel of citrus fruit or melons in Singapore?

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The average import price for peel of citrus fruit or melons stood at $4,702 per tonne in 2020, picking up by 13% against the previous year.