Singapore: Confectionery Market 2022

Confectionery Market Size in Singapore

The singaporean confectionery market soared to $X in 2021, jumping 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).In general, the total consumption indicated buoyant growth from 2012 to 2021: its value increased at an average annual rate of +X% over the last nine years. the trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period.As a result, consumption attained the peak level and is likely to continue growth in the immediate term.

Confectionery Production in Singapore

In value terms, confectionery production amounted to $X in 2021 estimated in export price.The total output value increased at an average annual rate of +X% from 2012 to 2021; the trend pattern remained consistent, with somewhat noticeable fluctuations in certain years.The pace of growth appeared the most rapid in 2014 when the production volume increased by X a result, production reached the peak level of $X. from 2015 to 2021, production growth remained at a lower figure.

Confectionery Exports

Exports from Singapore

In 2021, overseas shipments of confectionery decreased by -X% to X tons, falling for the third year in a row after two years of growth.In general, exports showed a slight setback.The pace of growth was the most pronounced in 2013 when exports increased by X% against the previous year.Over the period under review, the exports reached the peak figure at X tons in 2014; however, from 2015 to 2021, the exports remained at a lower figure.

In value terms, confectionery exports dropped sharply to $X in 2021.Over the period under review, exports recorded a slight decline.The pace of growth was the most pronounced in 2014 when exports increased by X% against the previous year.As a result, the exports attained the peak of $X. from 2015 to 2021, the growth of the exports remained at a lower figure.

Exports by Country

Oman (X tons) was the main destination for confectionery exports from Singapore, with a X% share of total exports. Moreover, confectionery exports to Oman exceeded the volume sent to the second major destination, Myanmar (X tons), eightfold.

From 2012 to 2021, the average annual growth rate of volume to Oman stood at +X%.

In value terms, Oman ($X) emerged as the key foreign market for confectionery exports from Singapore, comprising X% of total exports. The second position in the ranking was taken by Myanmar ($X), with a X% share of total exports.

From 2012 to 2021, the average annual growth rate of value to Oman stood at +X%.

Export Prices by Country

The average confectionery export price stood at $X per ton in 2021, which is down by -X% against the previous year. In general, the export price saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2014 when the average export price increased by X%. As a result, the export price reached the peak level of $X per ton. from 2015 to 2021, the the average export prices remained at a somewhat lower figure.

Average prices varied noticeably for the major overseas markets. In 2021, the country with the highest price was Myanmar ($X per ton), while the average price for exports to Oman totaled $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Myanmar (+X%).

Confectionery Imports

Imports into Singapore

Confectionery imports into singapore was estimated at X tons in 2021, increasing by X% compared with the previous year.The total import volume increased at an average annual rate of +X% from 2012 to 2021; the trend pattern remained consistent, with only minor fluctuations throughout the analyzed period.The pace of growth was the most pronounced in 2014 with an increase of X peaked at X tons in 2019; however, from 2020 to 2021, imports failed to regain momentum.

In value terms, confectionery imports expanded sharply to $X in 2021.The total import value increased at an average annual rate of +X% from 2012 to 2021; the trend pattern remained relatively stable, with somewhat noticeable fluctuations throughout the analyzed period.The growth pace was the most rapid in 2014 when imports increased by X% against the previous year.Imports peaked at $X in 2019; however, from 2020 to 2021, imports failed to regain momentum.

Imports by Country

Malaysia (X tons), Myanmar (X tons) and the Netherlands (X tons) were the main suppliers of confectionery imports to Singapore, together comprising X% of total imports.

From 2012 to 2021, the biggest increases were in Myanmar (with a CAGR of +X%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Malaysia ($X) constituted the largest supplier of confectionery to Singapore, comprising X% of total imports. The second position in the ranking was held by Myanmar ($X), with a X% share of total imports. It was followed by the Netherlands, with a X% share.

From 2012 to 2021, the average annual rate of growth in terms of value from Malaysia stood at +X%. The remaining supplying countries recorded the following average annual rates of imports growth: Myanmar (+X% per year) and the Netherlands (+X% per year).

Import Prices by Country

In 2021, the average confectionery import price amounted to $X per ton, surging by X% against the previous year. In general, the import price, however, continues to indicate a mild reduction. The most prominent rate of growth was recorded in 2014 when the average import price increased by X%. As a result, import price reached the peak level of $X per ton. from 2015 to 2021, the average import prices failed to regain momentum.

Prices varied noticeably country of origin: the country with the highest price was Japan ($X per ton), while the price for Myanmar ($X per ton) was amongst the lowest.

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

Source: IndexBox Market Intelligence Platform

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