Price for Vegetables (Uncooked or Cooked by Steaming or Boiling in Water); Frozen in Singapore - 2022
Contents:
- Price for Vegetables (Uncooked or Cooked by Steaming or Boiling in Water); Frozen in Singapore (CIF) - 2022
- Price for Vegetables (Uncooked or Cooked by Steaming or Boiling in Water); Frozen in Singapore (FOB) - 2022
- Imports of Vegetables (Uncooked or Cooked by Steaming or Boiling in Water); Frozen in Singapore
- Exports of Vegetables (Uncooked or Cooked by Steaming or Boiling in Water); Frozen in Singapore
Price for Vegetables (Uncooked or Cooked by Steaming or Boiling in Water); Frozen in Singapore (CIF) - 2022
In September 2022, the average import price for vegetables (uncooked or cooked by steaming or boiling in water); frozen amounted to $2,174 per ton, increasing by 6.7% against the previous month. Over the last eight-month period, it increased at an average monthly rate of +2.6%. The most prominent rate of growth was recorded in May 2022 an increase of 14% m-o-m. Over the period under review, average import prices hit record highs in September 2022.
Prices varied noticeably by the country of origin: the country with the highest price was France ($4,328 per ton), while the price for Belgium ($1,694 per ton) was amongst the lowest.
From January 2022 to September 2022, the most notable rate of growth in terms of prices was attained by Thailand (+8.8%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Vegetables (Uncooked or Cooked by Steaming or Boiling in Water); Frozen in Singapore (FOB) - 2022
In 2022, the average export price for vegetables (uncooked or cooked by steaming or boiling in water); frozen amounted to $1,788 per ton, increasing by 7.4% against the previous year. Overall, the export price saw a relatively flat trend pattern. The growth pace was the most rapid in 2017 an increase of 12% against the previous year. As a result, the export price attained the peak level of $2,217 per ton. From 2018 to 2022, the average export prices failed to regain momentum.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Cambodia ($2,548 per ton), while the average price for exports to Myanmar ($935 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 Cambodia (+3.6%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Vegetables (Uncooked or Cooked by Steaming or Boiling in Water); Frozen in Singapore
In 2022, purchases abroad of vegetables (uncooked or cooked by steaming or boiling in water); frozen decreased by -55.7% to 13K tons, falling for the second year in a row after two years of growth. Overall, imports, however, continue to indicate strong growth. The pace of growth was the most pronounced in 2020 with an increase of 219% against the previous year. As a result, imports reached the peak of 36K tons. From 2021 to 2022, the growth of imports of remained at a lower figure.
In value terms, imports of vegetables (uncooked or cooked by steaming or boiling in water); frozen contracted dramatically to $18M in 2022. Over the period under review, imports, however, showed tangible growth. The pace of growth was the most pronounced in 2020 with an increase of 213% against the previous year. As a result, imports reached the peak of $49M. From 2021 to 2022, the growth of imports of failed to regain momentum.
| Import of Vegetables (Uncooked or Cooked by Steaming or Boiling in Water); Frozen in Singapore (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 5.0 | 26.4 | 28.1 | 9.8 | 25.1% |
| Belgium | 2.0 | 2.5 | 1.3 | 2.1 | 1.6% |
| New Zealand | 1.4 | 1.6 | 1.9 | 1.4 | 0.0% |
| United States | 3.8 | 7.3 | 1.2 | 0.9 | -38.1% |
| Thailand | 0.7 | 0.8 | 0.7 | 0.7 | 0.0% |
| Malaysia | 0.7 | 0.5 | 0.5 | 0.5 | -10.6% |
| Hungary | 0.4 | 0.4 | 0.4 | 0.4 | 0.0% |
| Others | 1.8 | 9.6 | 2.3 | 2.2 | 6.9% |
| Total | 15.7 | 49.2 | 36.3 | 18.1 | 4.9% |
Top Suppliers of Vegetables (Uncooked or Cooked by Steaming or Boiling in Water); Frozen to Singapore in 2022:
- China (8.8K tons)
- Belgium (1.7K tons)
- New Zealand (0.5K tons)
- United States (0.4K tons)
- Thailand (0.4K tons)
- Malaysia (0.3K tons)
- Hungary (0.3K tons)
Exports of Vegetables (Uncooked or Cooked by Steaming or Boiling in Water); Frozen in Singapore
In 2022, shipments abroad of vegetables (uncooked or cooked by steaming or boiling in water); frozen decreased by -2.5% to 521 tons, falling for the second year in a row after two years of growth. In general, total exports indicated a remarkable increase from 2019 to 2022: its volume increased at an average annual rate of +11.2% 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 decreased by -23.8% against 2020 indices. The pace of growth was the most pronounced in 2020 with an increase of 81% against the previous year. As a result, the exports reached the peak of 683 tons. From 2021 to 2022, the growth of the exports of remained at a lower figure.
In value terms, exports of vegetables (uncooked or cooked by steaming or boiling in water); frozen expanded slightly to $931K in 2022. The total export value increased at an average annual rate of +5.5% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2020 with an increase of 40%. As a result, the exports attained the peak of $1.1M. From 2021 to 2022, the growth of the exports of remained at a somewhat lower figure.
| Export of Vegetables (Uncooked or Cooked by Steaming or Boiling in Water); Frozen in Singapore (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Indonesia | 15.2 | 94.0 | 244 | 229 | 147.0% |
| Brunei Darussalam | 23.7 | 44.0 | 73.8 | 220 | 110.2% |
| Israel | 164 | 140 | 242 | 145 | -4.0% |
| Maldives | 37.0 | 11.0 | 4.3 | 111 | 44.2% |
| Malaysia | 106 | 131 | 143 | 104 | -0.6% |
| Cambodia | 44.5 | 38.4 | 39.5 | 50.4 | 4.2% |
| Myanmar | 0.1 | N/A | N/A | 23.0 | 512.7% |
| Hong Kong SAR | 84.2 | N/A | N/A | 17.9 | -40.3% |
| China | N/A | 525 | N/A | N/A | 0% |
| Oman | 245 | 67.2 | N/A | N/A | -72.6% |
| Pakistan | N/A | N/A | 100 | N/A | 0% |
| Others | 74.4 | 57.2 | 42.3 | 31.4 | -25.0% |
| Total | 794 | 1,108 | 889 | 931 | 5.4% |
Top Export Markets for Vegetables (Uncooked or Cooked by Steaming or Boiling in Water); Frozen from Singapore in 2022:
- Indonesia (142.8 tons)
- Brunei Darussalam (101.3 tons)
- Israel (81.0 tons)
- Malaysia (67.1 tons)
- Maldives (58.5 tons)
- Myanmar (24.7 tons)
- Cambodia (19.8 tons)
- Hong Kong SAR (8.8 tons)
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