Live Fish Price in Singapore - 2022
Contents:
- Live Fish Price in Singapore (FOB) - 2022
- Live Fish Price in Singapore (CIF) - 2022
- Live Fish Exports in Singapore
- Live Fish Imports in Singapore
Live Fish Price in Singapore (FOB) - 2022
In September 2022, the average live fish export price amounted to $103K per ton, surging by 6.8% against the previous month. Over the period under review, the export price, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in April 2022 an increase of 21% m-o-m. The export price peaked at $126K per ton in May 2022; however, from June 2022 to September 2022, the export prices stood at a somewhat lower figure.
There were significant differences in the average prices for the major foreign markets. In September 2022, the country with the highest price was Australia ($121K per ton), while the average price for exports to Malaysia ($29,199 per ton) was amongst the lowest.
From January 2022 to September 2022, the most notable rate of growth in terms of prices was recorded for supplies to Hong Kong SAR (+12.9%), while the prices for the other major destinations experienced more modest paces of growth.
Live Fish Price in Singapore (CIF) - 2022
In September 2022, the average live fish import price amounted to $21,577 per ton, picking up by 6.5% against the previous month. In general, the import price, however, saw a abrupt downturn. The pace of growth appeared the most rapid in May 2022 an increase of 15% m-o-m. As a result, import price reached the peak level of $38,393 per ton. From June 2022 to September 2022, the average import prices remained at a lower figure.
There were significant differences in the average prices amongst the major supplying countries. In September 2022, the country with the highest price was Taiwan (Chinese) ($46,727 per ton), while the price for Malaysia ($11,066 per ton) was amongst the lowest.
From January 2022 to September 2022, the most notable rate of growth in terms of prices was attained by Vietnam (+2.6%), while the prices for the other major suppliers experienced mixed trend patterns.
Live Fish Exports in Singapore
For the fourth consecutive year, Singapore recorded growth in shipments abroad of live fish, which increased by 110% to 1.7K tons in 2022. Overall, exports recorded significant growth. As a result, the exports reached the peak and are likely to continue growth in the immediate term.
In value terms, live fish exports surged to $52M in 2022. Over the period under review, total exports indicated a strong expansion from 2019 to 2022: its value increased at an average annual rate of +13.4% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +61.9% against 2020 indices. The growth pace was the most rapid in 2021 with an increase of 32%. The exports peaked in 2022 and are likely to continue growth in years to come.
| Export of Live Fish in Singapore (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Myanmar | N/A | N/A | N/A | 51.6 | 0% |
| Japan | 2.1 | 2.2 | 2.2 | N/A | 2.4% |
| Germany | 1.7 | 1.9 | 2.1 | N/A | 11.1% |
| Malaysia | 0.8 | 1.3 | 2.2 | N/A | 65.8% |
| United Kingdom | 7.3 | 6.8 | 8.3 | N/A | 6.6% |
| United States | 8.6 | 7.8 | 12.7 | N/A | 21.5% |
| Canada | 1.9 | 1.8 | 2.5 | N/A | 14.7% |
| Others | 13.0 | 10.1 | 12.0 | N/A | -3.9% |
| Total | 35.4 | 31.8 | 42.0 | 51.6 | 13.4% |
Top Export Markets for Live Fish from Singapore in 2022:
- Myanmar (1.7K tons)
Live Fish Imports in Singapore
Live fish imports into Singapore soared to 5.2K tons in 2022, picking up by 196% compared with the previous year. Over the period under review, imports enjoyed a significant increase. As a result, imports reached the peak and are likely to continue growth in the immediate term.
In value terms, live fish imports soared to $39M in 2022. Overall, total imports indicated buoyant growth from 2019 to 2022: its value increased at an average annual rate of +5.6% 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 +78.1% against 2020 indices. As a result, imports reached the peak and are likely to continue growth in the immediate term.
| Import of Live Fish in Singapore (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Myanmar | 0.6 | 0.3 | 0.1 | 39.4 | 303.4% |
| China | 4.9 | 1.4 | 1.8 | N/A | -39.4% |
| Vietnam | 4.6 | 2.8 | 3.1 | N/A | -17.9% |
| Malaysia | 10.7 | 8.4 | 10.8 | N/A | 0.5% |
| Indonesia | 6.2 | 4.1 | 4.4 | N/A | -15.8% |
| Others | 6.5 | 5.2 | 6.8 | N/A | 2.3% |
| Total | 33.4 | 22.1 | 27.0 | 39.4 | 5.7% |
Top Suppliers of Live Fish to Singapore in 2022:
- Myanmar (5.2K tons)
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