Singapore: Potato Chips Market 2024

Potato Chips Market Size in Singapore

The Singaporean potato chips market expanded modestly to $X in 2022, surging by X% against the previous year. In general, consumption, however, saw a prominent expansion. Potato chips consumption peaked in 2022 and is expected to retain growth in years to come.

Potato Chips Production in Singapore

In value terms, potato chips production reached $X in 2022 estimated in export price. Over the period under review, the total production indicated resilient growth from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production decreased by X% against 2018 indices. The growth pace was the most rapid in 2016 with an increase of X% against the previous year. Over the period under review, production attained the peak level at $X in 2018; however, from 2019 to 2022, production failed to regain momentum.

Potato Chips Exports

Exports from Singapore

In 2022, the amount of potato chips exported from Singapore rose modestly to X tons, increasing by X% on the previous year's figure. Over the period under review, total exports indicated a noticeable increase from 2012 to 2022: its volume increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports decreased by X% against 2018 indices. The pace of growth was the most pronounced in 2014 when exports increased by X% against the previous year. The exports peaked at X tons in 2018; however, from 2019 to 2022, the exports failed to regain momentum.

In value terms, potato chips exports reduced to $X in 2022. Overall, exports showed resilient growth. The growth pace was the most rapid in 2017 with an increase of X% against the previous year. Over the period under review, the exports attained the peak figure at $X in 2020; however, from 2021 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

The Philippines (X tons), Malaysia (X tons) and Hong Kong SAR (X tons) were the main destinations of potato chips exports from Singapore, with a combined X% share of total exports. Bangladesh, China, Japan, Mongolia, Australia, the United States, Nepal, Thailand, Myanmar and Indonesia lagged somewhat behind, together accounting for a further X%.

From 2012 to 2022, the biggest increases were recorded for Bangladesh (with a CAGR of X%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the Philippines ($X) emerged as the key foreign market for potato chips exports from Singapore, comprising X% of total exports. The second position in the ranking was held by Malaysia ($X), with an X% share of total exports. It was followed by Hong Kong SAR, with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of value to the Philippines amounted to X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Malaysia (X% per year) and Hong Kong SAR (X% per year).

Export Prices by Country

The average potato chips export price stood at $X per ton in 2022, waning by X% against the previous year. In general, the export price, however, saw prominent growth. The pace of growth appeared the most rapid in 2017 when the average export price increased by X% against the previous year. Over the period under review, the average export prices attained the peak figure at $X per ton in 2020; however, from 2021 to 2022, the export prices remained at a lower figure.

There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was the United States ($X per ton), while the average price for exports to Myanmar ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Mongolia (X%), while the prices for the other major destinations experienced more modest paces of growth.

Potato Chips Imports

Imports into Singapore

In 2022, potato chips imports into Singapore amounted to X tons, with an increase of X% compared with the year before. Over the period under review, imports posted buoyant growth. The most prominent rate of growth was recorded in 2018 with an increase of X% against the previous year. Imports peaked in 2022 and are expected to retain growth in the near future.

In value terms, potato chips imports expanded slightly to $X in 2022. Overall, imports recorded strong growth. The growth pace was the most rapid in 2013 with an increase of X%. Over the period under review, imports attained the maximum in 2022 and are likely to continue growth in the immediate term.

Imports by Country

China (X tons), Malaysia (X tons) and the United States (X tons) were the main suppliers of potato chips imports to Singapore, with a combined X% share of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by China (with a CAGR of X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the United States ($X), Malaysia ($X) and China ($X) constituted the largest potato chips suppliers to Singapore, together comprising X% of total imports.

In terms of the main suppliers, China, with a CAGR of X%, 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 potato chips import price stood at $X per ton in 2022, remaining relatively unchanged against the previous year. In general, the import price continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 when the average import price increased by X%. Over the period under review, average import prices reached the peak figure at $X per ton in 2019; however, from 2020 to 2022, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Thailand ($X per ton), while the price for China ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Thailand (X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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