Price for Fish; Edible Offal, Fish Heads, Tails and Maws in Singapore - 2023

Contents:

1. Price for Fish; Edible Offal, Fish Heads, Tails and Maws in Singapore (CIF) - 2022
2. Price for Fish; Edible Offal, Fish Heads, Tails and Maws in Singapore (FOB) - 2022
3. Imports of Fish; Edible Offal, Fish Heads, Tails and Maws in Singapore
4. Exports of Fish; Edible Offal, Fish Heads, Tails and Maws in Singapore

Price for Fish; Edible Offal, Fish Heads, Tails and Maws in Singapore (CIF) - 2022

In 2022, the average import price for fish; edible offal, fish heads, tails and mawses amounted to $52,383 per ton, standing approx. at the previous year. Overall, import price indicated a prominent increase from 2012 to 2022: its price increased at an average annual rate of +6.1% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, import price for fish; edible offal, fish heads, tails and mawses increased by +42.3% against 2020 indices. The most prominent rate of growth was recorded in 2014 an increase of 60% against the previous year. Over the period under review, average import prices reached the peak figure at $54,279 per ton in 2015; however, from 2016 to 2022, import prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Hong Kong SAR ($234,156 per ton), while the price for Thailand ($12,732 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by New Zealand (+25.3%), while the prices for the other major suppliers experienced more modest paces of growth.

Price for Fish; Edible Offal, Fish Heads, Tails and Maws in Singapore (FOB) - 2022

In 2022, the average export price for fish; edible offal, fish heads, tails and mawses amounted to $49,216 per ton, declining by -21% against the previous year. Overall, the export price, however, recorded a strong expansion. The growth pace was the most rapid in 2014 an increase of 128% against the previous year. Over the period under review, the average export prices attained the maximum at $135,578 per ton in 2018; however, from 2019 to 2022, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Hong Kong SAR ($163,838 per ton), while the average price for exports to Brunei Darussalam ($3,061 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 Malaysia (+31.7%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Fish; Edible Offal, Fish Heads, Tails and Maws in Singapore

In 2022, overseas purchases of fish; edible offal, fish heads, tails and mawses were finally on the rise to reach 273 tons after two years of decline. Over the period under review, imports, however, saw a abrupt descent.

In value terms, imports of fish; edible offal, fish heads, tails and mawses surged to $14M in 2022. In general, total imports indicated a tangible expansion from 2019 to 2022: its value increased at an average annual rate of +2.6% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +80.1% against 2020 indices. The most prominent rate of growth was recorded in 2021 with an increase of 37% against the previous year. Imports peaked in 2022 and are likely to see steady growth in the near future.

Top Suppliers of Fish; Edible Offal, Fish Heads, Tails and Maws to Singapore in 2022:

1. Vietnam (111.5 tons)
2. Thailand (50.1 tons)
3. Malaysia (48.4 tons)
4. Indonesia (18.8 tons)
5. China (10.6 tons)
6. New Zealand (9.3 tons)
7. Hong Kong SAR (7.2 tons)

Exports of Fish; Edible Offal, Fish Heads, Tails and Maws in Singapore

In 2022, approx. 54 tons of fish; edible offal, fish heads, tails and mawses were exported from Singapore; falling by -10.5% against the previous year's figure. In general, exports saw a drastic downturn. The growth pace was the most rapid in 2021 when exports increased by 104% against the previous year.

In value terms, exports of fish; edible offal, fish heads, tails and mawses contracted markedly to $2.7M in 2022. Overall, exports continue to indicate a sharp decrease. The pace of growth appeared the most rapid in 2021 with an increase of 24% against the previous year.

Top Export Markets for Fish; Edible Offal, Fish Heads, Tails and Maws from Singapore in 2022:

1. Brunei Darussalam (20.9 tons)
2. China (11.2 tons)
3. Malaysia (6.8 tons)
4. Hong Kong SAR (6.8 tons)
5. Australia (4.1 tons)
6. Indonesia (2.5 tons)
7. Vietnam (1.0 tons)
8. Thailand (0.6 tons)

Source: IndexBox Market Intelligence Platform