Price for Cereals; Barley, Other than Seed in Singapore - 2023
Contents:
- Price for Cereals; Barley, Other than Seed in Singapore (CIF) - 2022
- Price for Cereals; Barley, Other than Seed in Singapore (FOB) - 2022
- Imports of Cereals; Barley, Other than Seed in Singapore
- Exports of Cereals; Barley, Other than Seed in Singapore
Price for Cereals; Barley, Other than Seed in Singapore (CIF) - 2022
The average import price for cereals; barley, other than seeds stood at $2,525 per ton in 2022, with a decrease of -10.9% against the previous year. In general, the import price saw a noticeable curtailment. The most prominent rate of growth was recorded in 2019 when the average import price increased by 185%. Over the period under review, average import prices hit record highs at $3,468 per ton in 2012; however, from 2013 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 China ($2,139 per ton), while the price for Indonesia ($277 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Thailand (+4.5%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Cereals; Barley, Other than Seed in Singapore (FOB) - 2022
In 2022, the average export price for cereals; barley, other than seeds amounted to $3,066 per ton, shrinking by -45.5% against the previous year. Over the period under review, the export price, however, saw a buoyant expansion. The pace of growth appeared the most rapid in 2017 an increase of 343% against the previous year. The export price peaked at $5,625 per ton in 2021, and then contracted sharply in the following year.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the Philippines ($8,155 per ton), while the average price for exports to Thailand ($767 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 the Philippines (+17.5%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Cereals; Barley, Other than Seed in Singapore
For the fourth consecutive year, Singapore recorded growth in overseas purchases of cereals; barley, other than seeds, which increased by 5.4% to 498 tons in 2022. Over the period under review, imports enjoyed significant growth. The pace of growth was the most pronounced in 2020 with an increase of 76%. Over the period under review, imports hit record highs in 2022 and are expected to retain growth in years to come.
In value terms, cereals; barley, other than seed imports fell to $1.3M in 2022. Overall, imports enjoyed a significant increase. The most prominent rate of growth was recorded in 2020 when imports increased by 131%.
Import of Cereals; Barley, Other than Seed in Singapore (Thousand USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Netherlands | 74.1 | 139 | 174 | 260 | 52.0% |
China | 97.9 | 247 | 364 | 255 | 37.6% |
New Zealand | N/A | N/A | N/A | 60.0 | 0% |
Philippines | 43.0 | 135 | 98.8 | 17.7 | -25.6% |
Indonesia | 0.9 | 2.2 | 4.1 | 5.2 | 79.4% |
Ukraine | N/A | N/A | 8.8 | 4.3 | -51.1% |
Others | 263 | 582 | 691 | 657 | 35.7% |
Total | 479 | 1,105 | 1,341 | 1,258 | 38.0% |
Top Suppliers of Cereals; Barley, Other than Seed to Singapore in 2022:
- Netherlands (303.2 tons)
- China (119.0 tons)
- New Zealand (28.6 tons)
- Indonesia (18.6 tons)
- Philippines (8.5 tons)
- Ukraine (8.1 tons)
Exports of Cereals; Barley, Other than Seed in Singapore
In 2022, shipments abroad of cereals; barley, other than seeds decreased by -20.6% to 95 tons, falling for the second consecutive year after two years of growth. Overall, exports, however, recorded a significant expansion. The most prominent rate of growth was recorded in 2020 when exports increased by 315% against the previous year. As a result, the exports attained the peak of 191 tons. From 2021 to 2022, the growth of the exports remained at a lower figure.
In value terms, cereals; barley, other than seed exports declined notably to $291K in 2022. In general, exports, however, showed significant growth. The pace of growth was the most pronounced in 2020 with an increase of 307%.
Export of Cereals; Barley, Other than Seed in Singapore (Thousand USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Philippines | N/A | 55.3 | 308 | 97.9 | 33.1% |
Malaysia | 20.7 | 14.3 | 11.4 | 30.9 | 14.3% |
Australia | 2.1 | 3.1 | 3.4 | 6.1 | 42.7% |
Mauritius | 3.8 | 3.5 | 5.7 | 4.5 | 5.8% |
Hong Kong SAR | N/A | 17.1 | 2.1 | 3.4 | -55.4% |
Brunei Darussalam | 1.8 | 1.1 | 1.1 | 0.7 | -27.0% |
Thailand | N/A | 34.3 | N/A | N/A | 0% |
Others | 36.8 | 136 | 341 | 147 | 58.7% |
Total | 65.1 | 265 | 672 | 291 | 64.7% |
Top Export Markets for Cereals; Barley, Other than Seed from Singapore in 2022:
- Malaysia (22.4 tons)
- Philippines (12.0 tons)
- Mauritius (4.5 tons)
- Hong Kong SAR (3.8 tons)
- Australia (3.6 tons)
- Brunei Darussalam (0.7 tons)
This report provides an in-depth analysis of the barley market in Singapore.
This report provides an in-depth analysis of the grain market in Singapore.
This report provides an in-depth analysis of the global barley market.
This report provides an in-depth analysis of the global grain market.
This report provides an in-depth analysis of the barley market in Singapore.
This report provides an in-depth analysis of the global barley market.
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