Price for Vegetables; Seed Potatoes, Fresh or Chilled in Singapore - 2022
Contents:
- Price for Vegetables; Seed Potatoes, Fresh or Chilled in Singapore (FOB) - 2022
- Price for Vegetables; Seed Potatoes, Fresh or Chilled in Singapore (CIF) - 2022
- Exports of Vegetables; Seed Potatoes, Fresh or Chilled in Singapore
- Imports of Vegetables; Seed Potatoes, Fresh or Chilled in Singapore
Price for Vegetables; Seed Potatoes, Fresh or Chilled in Singapore (FOB) - 2022
The average export price for vegetables; seed potatoes, fresh or chilleds stood at $1,590 per ton in 2022, falling by -5.3% against the previous year. In general, the export price, however, recorded a buoyant increase. The growth pace was the most rapid in 2018 an increase of 62% against the previous year. The export price peaked at $1,680 per ton in 2021, and then dropped in the following year.
As there is only one major export destination, the average price level is determined by prices for Nigeria.
From 2012 to 2022, the rate of growth in terms of prices for Nigeria amounted to +14.7% per year.
Price for Vegetables; Seed Potatoes, Fresh or Chilled in Singapore (CIF) - 2022
In 2022, the average import price for vegetables; seed potatoes, fresh or chilleds amounted to $787 per ton, almost unchanged from the previous year. In general, import price indicated a tangible expansion from 2012 to 2022: its price increased at an average annual rate of +3.5% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, import price for vegetables; seed potatoes, fresh or chilleds increased by +1.1% against 2020 indices. The most prominent rate of growth was recorded in 2018 an increase of 51% against the previous year. As a result, import price attained the peak level of $821 per ton. From 2019 to 2022, the average import prices failed to regain momentum.
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 Australia ($1,212 per ton), while the price for India ($314 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Malaysia (+7.1%), while the prices for the other major suppliers experienced more modest paces of growth.
Exports of Vegetables; Seed Potatoes, Fresh or Chilled in Singapore
After three years of growth, shipments abroad of vegetables; seed potatoes, fresh or chilleds decreased by -22.5% to 39 tons in 2022. In general, exports, however, recorded a significant expansion. The most prominent rate of growth was recorded in 2021 when exports increased by 82% against the previous year. As a result, the exports attained the peak of 50 tons, and then declined markedly in the following year.
In value terms, exports of vegetables; seed potatoes, fresh or chilleds declined dramatically to $61K in 2022. Over the period under review, exports, however, showed a significant increase. The growth pace was the most rapid in 2021 with an increase of 114%. As a result, the exports attained the peak of $84K, and then contracted remarkably in the following year.
Export of Vegetables; Seed Potatoes, Fresh or Chilled in Singapore (Thousand USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Nigeria | 26.7 | 38.7 | 83.4 | 61.3 | 31.9% |
Others | 0.1 | 0.5 | 0.3 | 0.2 | 26.0% |
Total | 26.8 | 39.2 | 83.7 | 61.5 | 31.9% |
Top Export Markets for Vegetables; Seed Potatoes, Fresh or Chilled from Singapore in 2022:
- Nigeria (38.6 tons)
Imports of Vegetables; Seed Potatoes, Fresh or Chilled in Singapore
After three years of growth, overseas purchases of vegetables; seed potatoes, fresh or chilleds decreased by -20.6% to 37 tons in 2022. In general, imports, however, posted significant growth. The most prominent rate of growth was recorded in 2020 with an increase of 75% against the previous year.
In value terms, imports of vegetables; seed potatoes, fresh or chilleds contracted notably to $29K in 2022. Over the period under review, imports, however, showed significant growth. The pace of growth appeared the most rapid in 2020 with an increase of 74% against the previous year.
Import of Vegetables; Seed Potatoes, Fresh or Chilled in Singapore (Thousand USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
United Kingdom | 0.9 | 2.8 | 13.6 | 10.8 | 128.9% |
Australia | 0.8 | 3.2 | 6.0 | 7.3 | 109.0% |
Malaysia | 4.6 | 7.1 | 8.5 | 5.7 | 7.4% |
United States | 4.3 | 5.4 | 5.1 | 2.3 | -18.8% |
India | 1.0 | 1.8 | 2.5 | 2.0 | 26.0% |
Others | 0.5 | 0.7 | 1.0 | 0.7 | 11.9% |
Total | 12.1 | 21.0 | 36.7 | 28.8 | 33.5% |
Top Suppliers of Vegetables; Seed Potatoes, Fresh or Chilled to Singapore in 2022:
- United Kingdom (12.8 tons)
- Malaysia (9.1 tons)
- India (6.3 tons)
- Australia (6.0 tons)
- United States (2.1 tons)
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