Price for Edible Products of Animal Origin; Not Elsewhere Specified or Included in Singapore - 2023
Contents:
- Price for Edible Products of Animal Origin; Not Elsewhere Specified or Included in Singapore (CIF) - 2022
- Price for Edible Products of Animal Origin; Not Elsewhere Specified or Included in Singapore (FOB) - 2022
- Imports of Edible Products of Animal Origin; Not Elsewhere Specified or Included in Singapore
- Exports of Edible Products of Animal Origin; Not Elsewhere Specified or Included in Singapore
Price for Edible Products of Animal Origin; Not Elsewhere Specified or Included in Singapore (CIF) - 2022
In 2022, the average import price for edible products of animal origin; not elsewhere specified or includeds amounted to $732,805 per ton, declining by -8.5% against the previous year. Over the period under review, the import price recorded a perceptible shrinkage. The most prominent rate of growth was recorded in 2018 when the average import price increased by 22% against the previous year. The import price peaked at $1,102,127 per ton in 2012; however, from 2013 to 2022, import prices stood at a somewhat lower figure.
There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Malaysia ($1,066,639 per ton), while the price for Taiwan (Chinese) ($13,750 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Malaysia (-2.5%), while the prices for the other major suppliers experienced a decline.
Price for Edible Products of Animal Origin; Not Elsewhere Specified or Included in Singapore (FOB) - 2022
The average export price for edible products of animal origin; not elsewhere specified or includeds stood at $784,898 per ton in 2022, dropping by -19.8% against the previous year. Overall, the export price showed a perceptible shrinkage. The pace of growth was the most pronounced in 2018 an increase of 36% against the previous year. Over the period under review, the average export prices reached the maximum at $1,541,411 per ton in 2019; however, from 2020 to 2022, the export prices remained at a lower figure.
There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Hong Kong SAR ($1,200,860 per ton), while the average price for exports to China ($192,427 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 Taiwan (Chinese) (+17.2%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Edible Products of Animal Origin; Not Elsewhere Specified or Included in Singapore
In 2022, the amount of edible products of animal origin; not elsewhere specified or includeds imported into Singapore declined to 89 tons, falling by -7.5% on 2021. In general, imports, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 with an increase of 51%. As a result, imports reached the peak of 96 tons, and then dropped in the following year.
In value terms, imports of edible products of animal origin; not elsewhere specified or includeds declined markedly to $65M in 2022. Overall, imports saw a abrupt decline. The pace of growth appeared the most rapid in 2021 with an increase of 43% against the previous year.
| Import of Edible Products of Animal Origin; Not Elsewhere Specified or Included in Singapore (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Indonesia | 75.4 | 46.1 | 67.9 | 57.1 | -8.9% |
| Malaysia | 6.9 | 6.2 | 7.1 | 7.1 | 1.0% |
| China | 0.6 | 0.5 | 1.0 | 0.2 | -30.7% |
| Taiwan (Chinese) | N/A | N/A | N/A | 0.1 | 0% |
| Spain | N/A | N/A | N/A | N/A | 0% |
| Others | 1.7 | 1.1 | 1.1 | 0.7 | -25.6% |
| Total | 84.7 | 53.9 | 77.2 | 65.3 | -8.3% |
Top Suppliers of Edible Products of Animal Origin; Not Elsewhere Specified or Included to Singapore in 2022:
- Indonesia (68.3 tons)
- Taiwan (Chinese) (7.4 tons)
- Malaysia (6.7 tons)
- China (2.7 tons)
- Spain (2.4 tons)
Exports of Edible Products of Animal Origin; Not Elsewhere Specified or Included in Singapore
Exports of edible products of animal origin; not elsewhere specified or includeds from Singapore declined to 52 tons in 2022, reducing by -8.4% compared with the previous year's figure. Overall, total exports indicated a strong increase from 2019 to 2022: its volume increased at an average annual rate of +11.8% 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 +51.8% against 2020 indices. The most prominent rate of growth was recorded in 2021 when exports increased by 66% against the previous year. As a result, the exports reached the peak of 57 tons, and then dropped in the following year.
In value terms, exports of edible products of animal origin; not elsewhere specified or includeds contracted notably to $41M in 2022. Over the period under review, exports faced a deep setback. The most prominent rate of growth was recorded in 2021 when exports increased by 35%.
| Export of Edible Products of Animal Origin; Not Elsewhere Specified or Included in Singapore (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Thailand | 52.0 | 34.8 | 48.8 | 33.6 | -13.5% |
| Malaysia | 0.6 | 4.5 | 4.3 | 2.6 | 63.0% |
| Vietnam | N/A | N/A | N/A | 2.2 | 0% |
| Taiwan (Chinese) | 2.1 | 0.8 | 0.4 | 1.2 | -17.0% |
| Indonesia | 1.1 | 0.6 | 1.5 | 0.4 | -28.6% |
| China | N/A | N/A | N/A | 0.3 | 0% |
| Others | 1.3 | 0.5 | 0.4 | 0.4 | -32.5% |
| Total | 57.2 | 41.2 | 55.5 | 40.8 | -10.7% |
Top Export Markets for Edible Products of Animal Origin; Not Elsewhere Specified or Included from Singapore in 2022:
- Thailand (29.4 tons)
- Malaysia (10.5 tons)
- Vietnam (6.8 tons)
- China (1.7 tons)
- Taiwan (Chinese) (1.4 tons)
- Indonesia (1.3 tons)
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