Singapore: Poppy Seed Market Overview 2021

Poppy Seed Market Size in Singapore

In 2019, the Singaporean poppy seed market was finally on the rise to reach $X for the first time since 2013, thus ending a five-year declining trend. Over the period under review, consumption, however, faced a abrupt shrinkage. The pace of growth appeared the most rapid in 2010 when the market value increased by X% y-o-y. As a result, consumption attained the peak level of $X. From 2011 to 2019, the growth of the market remained at a somewhat lower figure.

Poppy Seed Production in Singapore

In value terms, poppy seed production shrank to $X in 2019 estimated in export prices. Over the period under review, production posted prominent growth. The most prominent rate of growth was recorded in 2018 when the production volume increased by X% y-o-y. As a result, production reached the peak level of $X, and then fell in the following year.

In 2019, the average yield of poppy seed in Singapore amounted to X kg per ha, flattening at 2018. In general, the yield saw a relatively flat trend pattern. Despite the increased use of modern agricultural techniques and methods, future yield figures may still be impacted by adverse weather conditions.

In 2019, approx. X ha of poppy seed were harvested in Singapore; therefore, remained relatively stable against the previous year. Over the period under review, the harvested area recorded a relatively flat trend pattern.

Poppy Seed Exports

Exports from Singapore

For the ninth consecutive year, Singapore recorded growth in shipments abroad of poppy seed, which increased by X% to X kg in 2019. Overall, exports saw a buoyant increase. The most prominent rate of growth was recorded in 2009 when exports increased by X% y-o-y. Exports peaked in 2019 and are expected to retain growth in the near future.

In value terms, poppy seed exports amounted to $X in 2019. In general, exports saw a significant expansion. The pace of growth appeared the most rapid in 2018 when exports increased by X% y-o-y. Over the period under review, exports hit record highs in 2019 and are likely to see steady growth in the immediate term.

Exports by Country

Maldives (X kg) was the main destination for poppy seed exports from Singapore, accounting for a approx. X% share of total exports.

From 2007 to 2019, the average annual growth rate of volume to Maldives stood at +X%.

In value terms, Maldives ($X) also remains the key foreign market for poppy seed exports from Singapore.

From 2007 to 2019, the average annual growth rate of value to Maldives totaled +X%.

Export Prices by Country

In 2019, the average poppy seed export price amounted to $X per tonne, dropping by -X% against the previous year. Over the period under review, the export price, however, recorded buoyant growth. The pace of growth was the most pronounced in 2010 an increase of X% year-to-year. The export price peaked at $X per tonne in 2018, and then shrank in the following year.

As there is only one major export destination, the average price level is determined by prices for Maldives.

From 2007 to 2019, the rate of growth in terms of prices for Maldives amounted to +X% per year.

Poppy Seed Imports

Imports into Singapore

In 2019, purchases abroad of poppy seed was finally on the rise to reach X kg after five years of decline. In general, imports showed mild growth. The most prominent rate of growth was recorded in 2013 with an increase of X% y-o-y. Imports peaked at X kg in 2011; however, from 2012 to 2019, imports remained at a lower figure.

In value terms, poppy seed imports surged to $X in 2019. Over the period under review, imports showed a strong expansion. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

The Netherlands (X kg) and India (X kg) were the main suppliers of poppy seed imports to Singapore.

From 2007 to 2019, the biggest increases were in the Netherlands.

In value terms, India ($X) constituted the largest supplier of poppy seed to Singapore, comprising X% of total imports. The second position in the ranking was occupied by the Netherlands ($X), with a X% share of total imports.

From 2007 to 2019, the average annual rate of growth in terms of value from India stood at +X%.

Import Prices by Country

In 2019, the average poppy seed import price amounted to $X per tonne, picking up by X% against the previous year. In general, the import price continues to indicate resilient growth. The pace of growth was the most pronounced in 2012 when the average import price increased by X% y-o-y. As a result, import price attained the peak level of $X per tonne. From 2013 to 2019, the growth in terms of the average import prices remained at a lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2019, the country with the highest price was India ($X per tonne), while the price for the Netherlands stood at $X per tonne.

From 2007 to 2019, the most notable rate of growth in terms of prices was attained by India.

Source: IndexBox AI Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for poppy seed in the world?

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India (17K tonnes) constituted the country with the largest volume of poppy seed consumption, comprising approx. 18% of total volume. Moreover, poppy seed consumption in India exceeded the figures recorded by the second-largest consumer, Germany (8.1K tonnes), twofold. Russia (7.2K tonnes) ranked third in terms of total consumption with a 7.7% share.

What are the largest producers of poppy seed in the world?

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The countries with the highest volumes of poppy seed production in 2019 were Turkey (27K tonnes), the Czech Republic (18K tonnes) and Spain (14K tonnes), with a combined 57% share of global production. Australia, China, France, Hungary, Croatia, Germany, the UK, Slovakia and Austria lagged somewhat behind, together comprising a further 36%.

What are the leading suppliers of poppy seed to Singapore?

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In value terms, India ($193) constituted the largest supplier of poppy seed to Singapore, comprising 68% of total imports. The second position in the ranking was occupied by the Netherlands ($90), with a 32% share of total imports.

What are the leading importers of poppy seed from Singapore?

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In value terms, Maldives ($959) remains the key foreign market for poppy seed exports from Singapore.

What is the average export price for poppy seed in Singapore?

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The average poppy seed export price stood at $2,350 per tonne in 2019, dropping by -8.3% against the previous year.

What is the average import price for poppy seed in Singapore?

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The average poppy seed import price stood at $5,145 per tonne in 2019, increasing by 7.8% against the previous year.