Singapore: Tomato Market 2024

Tomato Market Size in Singapore

After six years of growth, the Singaporean tomato market decreased by X% to $X in 2023. The market value increased at an average annual rate of X% from 2012 to 2023; the trend pattern remained relatively stable, with only minor fluctuations being observed throughout the analyzed period. Over the period under review, the market attained the maximum level at $X in 2022, and then dropped in the following year.

Tomato Production in Singapore

In value terms, tomato production expanded significantly to $X in 2023 estimated in export price. Overall, production continues to indicate temperate growth. The growth pace was the most rapid in 2017 when the production volume increased by X% against the previous year. As a result, production attained the peak level of $X. From 2018 to 2023, production growth failed to regain momentum.

In 2023, the average tomato yield in Singapore skyrocketed to X tons per ha, picking up by X% against 2022. Overall, the yield, however, recorded a abrupt contraction. The tomato yield peaked at X tons per ha in 2014; however, from 2015 to 2023, the yield remained at a lower figure. Despite the increased use of modern agricultural techniques and methods, future yield figures may still be impacted by adverse weather conditions.

In 2023, the total area harvested in terms of tomatoes production in Singapore skyrocketed to X ha, rising by X% compared with the previous year. Over the period under review, the harvested area posted temperate growth. The most prominent rate of growth was recorded in 2021 when the harvested area increased by X% against the previous year. The tomato harvested area peaked at X ha in 2017; however, from 2018 to 2023, the harvested area failed to regain momentum.

Tomato Exports

Exports from Singapore

In 2023, after two years of growth, there was significant decline in shipments abroad of tomatoes, when their volume decreased by X% to X tons. Overall, exports showed a deep setback. The most prominent rate of growth was recorded in 2016 when exports increased by X% against the previous year. The exports peaked at X tons in 2012; however, from 2013 to 2023, the exports stood at a somewhat lower figure.

In value terms, tomato exports dropped remarkably to $X in 2023. Over the period under review, exports recorded a deep reduction. The most prominent rate of growth was recorded in 2021 when exports increased by X% against the previous year. Over the period under review, the exports hit record highs at $X in 2012; however, from 2013 to 2023, the exports failed to regain momentum.

Exports by Country

Brunei Darussalam (X tons), Indonesia (X tons) and Malaysia (X tons) were the main destinations of tomato exports from Singapore, together accounting for X% of total exports. Myanmar and Cambodia lagged somewhat behind, together comprising a further X%.

From 2012 to 2023, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Myanmar (with a CAGR of X%), while the other leaders experienced mixed trend patterns.

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

From 2012 to 2023, the average annual growth rate of value to Brunei Darussalam was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: Indonesia (X% per year) and Malaysia (X% per year).

Export Prices by Country

In 2023, the average tomato export price amounted to $X per ton, shrinking by X% against the previous year. In general, export price indicated a moderate expansion from 2012 to 2023: its price increased at an average annual rate of X% over the last eleven-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, tomato export price decreased by X% against 2021 indices. The pace of growth was the most pronounced in 2013 an increase of X%. Over the period under review, the average export prices reached the maximum at $X per ton in 2021; however, from 2022 to 2023, the export prices failed to regain momentum.

There were significant differences in the average prices for the major overseas markets. In 2023, amid the top suppliers, the country with the highest price was Cambodia ($X per ton), while the average price for exports to Indonesia ($X per ton) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was recorded for supplies to Cambodia (X%), while the prices for the other major destinations experienced more modest paces of growth.

Tomato Imports

Imports into Singapore

In 2023, overseas purchases of tomatoes were finally on the rise to reach X tons after two years of decline. Over the period under review, imports continue to indicate a relatively flat trend pattern. Over the period under review, imports reached the peak figure at X tons in 2016; however, from 2017 to 2023, imports stood at a somewhat lower figure.

In value terms, tomato imports declined remarkably to $X in 2023. Overall, imports showed modest growth. The most prominent rate of growth was recorded in 2013 when imports increased by X% against the previous year. Over the period under review, imports hit record highs at $X in 2022, and then fell markedly in the following year.

Imports by Country

In 2023, Malaysia (X tons) was the main supplier of tomato to Singapore, accounting for a X% share of total imports. It was followed by the Netherlands (X tons), with a X% share of total imports.

From 2012 to 2023, the average annual rate of growth in terms of volume from Malaysia was relatively modest.

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

From 2012 to 2023, the average annual growth rate of value from Malaysia was relatively modest.

Import Prices by Country

In 2023, the average tomato import price amounted to $X per ton, which is down by X% against the previous year. Overall, the import price, however, recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2013 an increase of X%. The import price peaked at $X per ton in 2022, and then declined significantly in the following year.

There were significant differences in the average prices amongst the major supplying countries. In 2023, amid the top importers, the country with the highest price was the Netherlands ($X per ton), while the price for Malaysia totaled $X per ton.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by the Netherlands (X%).

Source: IndexBox Platform