Singapore: Strawberry Market 2022

Strawberry Market Size in Singapore

In 2021, after three years of growth, there was significant decline in the Singaporean strawberry market, when its value decreased by -X% to $X. Over the period under review, consumption recorded a relatively flat trend pattern. Strawberry consumption peaked at $X in 2020, and then fell rapidly in the following year.

Strawberry Exports

Exports from Singapore

Strawberry exports from Singapore reduced rapidly to X tonnes in 2021, waning by -X% on 2020. Over the period under review, exports showed a precipitous curtailment. The most prominent rate of growth was recorded in 2020 with an increase of X% year-to-year. As a result, the exports attained the peak of X tonnes, and then contracted markedly in the following year.

In value terms, strawberry exports fell markedly to $X in 2021. Overall, exports showed a abrupt contraction. The growth pace was the most rapid in 2020 with an increase of X% y-o-y. As a result, the exports attained the peak of $X, and then declined notably in the following year.

Exports by Country

Malaysia (X tonnes) was the main destination for strawberry exports from Singapore, accounting for a X% share of total exports. Moreover, strawberry exports to Malaysia exceeded the volume sent to the second major destination, Brunei Darussalam (X kg), sixfold. Cambodia (X kg) ranked third in terms of total exports with a X% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to Malaysia stood at -X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Brunei Darussalam (-X% per year) and Cambodia (-X% per year).

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

From 2012 to 2021, the average annual rate of growth in terms of value to Malaysia amounted to -X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Brunei Darussalam (-X% per year) and Cambodia (-X% per year).

Export Prices by Country

In 2021, the average strawberry export price amounted to $X per tonne, falling by -X% against the previous year. Over the period under review, the export price, however, saw a buoyant increase. The pace of growth appeared the most rapid in 2020 when the average export price increased by X% year-to-year. The export price peaked at $X per tonne in 2018; however, from 2019 to 2021, the export prices remained at a lower figure.

Average prices varied somewhat for the major foreign markets. In 2021, the countries with the highest prices were Brunei Darussalam ($X per tonne) and Cambodia ($X per tonne), while the average price for exports to Malaysia ($X per tonne) and Indonesia ($X per tonne) were amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Malaysia (+X%), while the prices for the other major destinations experienced more modest paces of growth.

Strawberry Imports

Imports into Singapore

After two years of growth, purchases abroad of strawberries decreased by -X% to X tonnes in 2021. Over the period under review, imports saw a slight reduction. The growth pace was the most rapid in 2015 when imports increased by X% against the previous year. As a result, imports reached the peak of X tonnes. From 2016 to 2021, the growth imports remained at a somewhat lower figure.

In value terms, strawberry imports declined remarkably to $X in 2021. In general, imports recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2015 with an increase of X% against the previous year. Over the period under review, imports attained the maximum at $X in 2020, and then dropped notably in the following year.

Imports by Country

In 2021, South Korea (X tonnes) constituted the largest supplier of strawberry to Singapore, with a X% share of total imports. Moreover, strawberry imports from South Korea exceeded the figures recorded by the second-largest supplier, Australia (X tonnes), twofold. The United States (X tonnes) ranked third in terms of total imports with a X% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from South Korea amounted to +X%. The remaining supplying countries recorded the following average annual rates of imports growth: Australia (+X% per year) and the United States (-X% per year).

In value terms, South Korea ($X) constituted the largest supplier of strawberry to Singapore, comprising X% of total imports. The second position in the ranking was occupied by Australia ($X), with a X% share of total imports. It was followed by Japan, with an X% share.

From 2012 to 2021, the average annual growth rate of value from South Korea stood at +X%. The remaining supplying countries recorded the following average annual rates of imports growth: Australia (+X% per year) and Japan (+X% per year).

Import Prices by Country

In 2021, the average strawberry import price amounted to $X per tonne, which is down by -X% against the previous year. Over the last nine-year period, it increased at an average annual rate of +X%. The most prominent rate of growth was recorded in 2020 when the average import price increased by X% against the previous year. As a result, import price reached the peak level of $X per tonne, and then reduced in the following year.

Prices varied noticeably by the country of origin: the country with the highest price was Japan ($X per tonne), while the price for Hong Kong SAR ($X per tonne) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by New Zealand (+X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform