Price for Tomatoes; Prepared or Preserved Otherwise than by Vinegar or Acetic Acid in Singapore - 2023
Contents:
- Price for Tomatoes; Prepared or Preserved Otherwise than by Vinegar or Acetic Acid in Singapore (CIF) - 2022
- Price for Tomatoes; Prepared or Preserved Otherwise than by Vinegar or Acetic Acid in Singapore (FOB) - 2022
- Imports of Tomatoes; Prepared or Preserved Otherwise than by Vinegar or Acetic Acid in Singapore
- Exports of Tomatoes; Prepared or Preserved Otherwise than by Vinegar or Acetic Acid in Singapore
Price for Tomatoes; Prepared or Preserved Otherwise than by Vinegar or Acetic Acid in Singapore (CIF) - 2022
In 2022, the average import price for tomatoes; prepared or preserved otherwise than by vinegar or acetic acid amounted to $1,363 per ton, increasing by 7% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +1.3%. The most prominent rate of growth was recorded in 2020 an increase of 11% against the previous year. Over the period under review, average import prices hit record highs in 2022 and is likely to see gradual growth in the near future.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the United States ($2,055 per ton), while the price for China ($974 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United States (+2.6%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Tomatoes; Prepared or Preserved Otherwise than by Vinegar or Acetic Acid in Singapore (FOB) - 2022
The average export price for tomatoes; prepared or preserved otherwise than by vinegar or acetic acid stood at $1,645 per ton in 2022, declining by -7.6% against the previous year. In general, the export price recorded a relatively flat trend pattern. The growth pace was the most rapid in 2018 an increase of 19% against the previous year. Over the period under review, the average export prices hit record highs at $1,781 per ton in 2021, and then reduced in the following year.
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 Japan ($2,047 per ton), while the average price for exports to Hong Kong SAR ($1,101 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 Bangladesh (+4.4%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Tomatoes; Prepared or Preserved Otherwise than by Vinegar or Acetic Acid in Singapore
In 2022, approx. 4.6K tons of tomatoes; prepared or preserved otherwise than by vinegar or acetic acid were imported into Singapore; increasing by 24% on the previous year. Overall, imports, however, showed a pronounced decrease.
In value terms, imports of tomatoes; prepared or preserved otherwise than by vinegar or acetic acid surged to $6.3M in 2022. The total import value increased at an average annual rate of +3.5% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years.
| Import of Tomatoes; Prepared or Preserved Otherwise than by Vinegar or Acetic Acid in Singapore (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Italy | 2.9 | 4.0 | 2.8 | 3.8 | 9.4% |
| United States | 1.4 | 1.5 | 0.9 | 1.2 | -5.0% |
| China | 0.4 | 0.3 | 0.4 | 0.6 | 14.5% |
| Malaysia | 0.3 | 0.2 | 0.1 | 0.1 | -30.7% |
| Others | 0.7 | 0.9 | 0.6 | 0.7 | 0.0% |
| Total | 5.6 | 6.9 | 4.7 | 6.3 | 4.0% |
Top Suppliers of Tomatoes; Prepared or Preserved Otherwise than by Vinegar or Acetic Acid to Singapore in 2022:
- Italy (3160.7 tons)
- China (597.2 tons)
- United States (560.8 tons)
- Malaysia (41.7 tons)
Exports of Tomatoes; Prepared or Preserved Otherwise than by Vinegar or Acetic Acid in Singapore
After two years of decline, shipments abroad of tomatoes; prepared or preserved otherwise than by vinegar or acetic acid increased by 0.9% to 529 tons in 2022. Over the period under review, exports, however, saw a abrupt curtailment.
In value terms, exports of tomatoes; prepared or preserved otherwise than by vinegar or acetic acid declined to $870K in 2022. Overall, exports, however, saw a deep setback.
| Export of Tomatoes; Prepared or Preserved Otherwise than by Vinegar or Acetic Acid in Singapore (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Malaysia | 306 | 265 | 304 | 314 | 0.9% |
| Brunei Darussalam | 211 | 176 | 166 | 167 | -7.5% |
| Bangladesh | 448 | 40.2 | 46.1 | 65.0 | -47.5% |
| Japan | N/A | 149 | 139 | 47.8 | -43.4% |
| Vietnam | 60.4 | 106 | 57.3 | 45.2 | -9.2% |
| Sri Lanka | 35.9 | 30.9 | 29.4 | 37.3 | 1.3% |
| Maldives | 32.4 | 16.6 | 49.9 | 27.0 | -5.9% |
| Hong Kong SAR | 199 | 43.2 | 37.8 | 26.9 | -48.7% |
| Thailand | 56.0 | 7.1 | 6.9 | 23.5 | -25.1% |
| Seychelles | 11.9 | 5.6 | 12.5 | 22.1 | 22.9% |
| Indonesia | 1.9 | 1.9 | 2.6 | 18.4 | 113.2% |
| South Korea | 22.9 | 44.5 | 20.2 | 14.9 | -13.3% |
| Timor-Leste | 19.3 | 12.3 | 16.0 | 12.0 | -14.6% |
| Others | 137 | 125 | 46.1 | 49.4 | -28.8% |
| Total | 1,541 | 1,024 | 934 | 870 | -17.4% |
Top Export Markets for Tomatoes; Prepared or Preserved Otherwise than by Vinegar or Acetic Acid from Singapore in 2022:
- Malaysia (195.5 tons)
- Brunei Darussalam (97.0 tons)
- Bangladesh (42.1 tons)
- Hong Kong SAR (24.5 tons)
- Vietnam (23.7 tons)
- Japan (23.4 tons)
- Sri Lanka (20.2 tons)
- Seychelles (14.6 tons)
- Thailand (13.9 tons)
- Maldives (13.7 tons)
- South Korea (13.0 tons)
- Indonesia (12.8 tons)
- Timor-Leste (8.4 tons)
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