Price for Vegetable Products Not Elsewhere Specified or Included in Singapore - 2023
Contents:
- Price for Vegetable Products Not Elsewhere Specified or Included in Singapore (CIF) - 2023
- Price for Vegetable Products Not Elsewhere Specified or Included in Singapore (FOB) - 2022
- Imports of Vegetable Products Not Elsewhere Specified or Included in Singapore
- Exports of Vegetable Products Not Elsewhere Specified or Included in Singapore
Price for Vegetable Products Not Elsewhere Specified or Included in Singapore (CIF) - 2023
The average import price for vegetable products not elsewhere specified or includeds stood at $780 per ton in September 2022, growing by 1.6% against the previous month. In general, the import price recorded a modest increase. The most prominent rate of growth was recorded in August 2022 an increase of 137% m-o-m. Over the period under review, average import prices reached the maximum in September 2022.
Prices varied noticeably by the country of origin: the country with the highest price was Indonesia ($804 per ton), while the price for Malaysia amounted to $294 per ton.
From June 2022 to September 2022, the most notable rate of growth in terms of prices was attained by Malaysia (-5.6%).
Price for Vegetable Products Not Elsewhere Specified or Included in Singapore (FOB) - 2022
In 2022, the average export price for vegetable products not elsewhere specified or includeds amounted to $2,267 per ton, jumping by 27% against the previous year. Overall, export price indicated temperate growth from 2012 to 2022: its price increased at an average annual rate of +2.2% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, export price for vegetable products not elsewhere specified or includeds increased by +86.4% against 2020 indices. The most prominent rate of growth was recorded in 2018 an increase of 69% against the previous year. Over the period under review, the average export prices reached the peak figure at $2,646 per ton in 2019; however, from 2020 to 2022, the export prices stood at a somewhat lower figure.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was China ($2,626 per ton), while the average price for exports to Bangladesh ($703 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 Japan (+11.9%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Vegetable Products Not Elsewhere Specified or Included in Singapore
In 2022, imports of vegetable products not elsewhere specified or includeds into Singapore skyrocketed to 119K tons, rising by 68% on the previous year's figure. In general, total imports indicated a resilient increase from 2019 to 2022: its volume increased at an average annual rate of +17.7% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports reached the peak and are likely to continue growth in the immediate term.
In value terms, imports of vegetable products not elsewhere specified or includeds soared to $28M in 2022. Over the period under review, imports enjoyed significant growth. As a result, imports attained the peak and are likely to continue growth in the immediate term.
| Import of Vegetable Products Not Elsewhere Specified or Included in Singapore (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Indonesia | 9.8 | 10.6 | 16.0 | 26.0 | 38.4% |
| Malaysia | 0.9 | 0.5 | 0.4 | 0.8 | -3.9% |
| Cote d'Ivoire | N/A | N/A | N/A | N/A | 0% |
| Others | 0.9 | 0.8 | 1.0 | 1.3 | 13.0% |
| Total | 11.6 | 12.0 | 17.4 | 28.1 | 34.3% |
Top Suppliers of Vegetable Products Not Elsewhere Specified or Included to Singapore in 2022:
- Indonesia (115.1K tons)
- Malaysia (3.0K tons)
Exports of Vegetable Products Not Elsewhere Specified or Included in Singapore
In 2022, overseas shipments of vegetable products not elsewhere specified or includeds decreased by -44.6% to 621 tons, falling for the second consecutive year after two years of growth. In general, exports, however, enjoyed a significant expansion. The pace of growth was the most pronounced in 2020 with an increase of 1,009% against the previous year. As a result, the exports reached the peak of 2.9K tons. From 2021 to 2022, the growth of the exports of failed to regain momentum.
In value terms, exports of vegetable products not elsewhere specified or includeds declined dramatically to $1.4M in 2022. Overall, exports, however, saw a significant expansion. The most prominent rate of growth was recorded in 2020 with an increase of 567%. As a result, the exports attained the peak of $3.5M. From 2021 to 2022, the growth of the exports of remained at a somewhat lower figure.
| Export of Vegetable Products Not Elsewhere Specified or Included in Singapore (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 88.6 | 3,301 | 1,779 | 828 | 110.6% |
| Japan | 48.4 | 51.1 | N/A | 364 | 95.9% |
| Malaysia | 14.1 | 4.7 | 6.2 | 99.0 | 91.5% |
| Qatar | N/A | N/A | N/A | 20.4 | 0% |
| Australia | 23.9 | 17.9 | 0.9 | 12.7 | -19.0% |
| Others | 344 | 93.5 | 216 | 82.9 | -37.8% |
| Total | 520 | 3,468 | 2,002 | 1,408 | 39.4% |
Top Export Markets for Vegetable Products Not Elsewhere Specified or Included from Singapore in 2022:
- China (315.4 tons)
- Japan (208.2 tons)
- Malaysia (50.8 tons)
- Qatar (13.6 tons)
- Australia (12.5 tons)
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