Price for Wine; Still, in Containers Holding More than 2 Litres in Singapore - 2022
Contents:
- Price for Wine; Still, in Containers Holding More than 2 Litres in Singapore (CIF) - 2022
- Price for Wine; Still, in Containers Holding More than 2 Litres in Singapore (FOB) - 2022
- Imports of Wine; Still, in Containers Holding More than 2 Litres in Singapore
- Exports of Wine; Still, in Containers Holding More than 2 Litres in Singapore
Price for Wine; Still, in Containers Holding More than 2 Litres in Singapore (CIF) - 2022
The average import price for wine; still, in containers holding more than 2 litreses stood at $11 per litre in 2022, surging by 36% against the previous year. Over the period under review, the import price showed a buoyant increase. The most prominent rate of growth was recorded in 2018 when the average import price increased by 52% against the previous year. Over the period under review, average import prices attained the maximum in 2022 and is likely to see steady growth in the immediate term.
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 France ($62 per litre), while the price for South Africa ($1.8 per litre) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+14.1%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Wine; Still, in Containers Holding More than 2 Litres in Singapore (FOB) - 2022
In 2022, the average export price for wine; still, in containers holding more than 2 litreses amounted to $3.2 per litre, with an increase of 12% against the previous year. Over the period under review, the export price recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2018 an increase of 60%. Over the period under review, the average export prices attained the maximum at $5 per litre in 2019; however, from 2020 to 2022, the export prices stood at a somewhat lower figure.
There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Indonesia ($34 per litre), while the average price for exports to the United Arab Emirates ($1.8 per litre) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Indonesia (+24.5%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Wine; Still, in Containers Holding More than 2 Litres in Singapore
In 2022, imports of wine; still, in containers holding more than 2 litreses into Singapore soared to 943K litres, growing by 31% compared with 2021 figures. The total import volume increased at an average annual rate of +12.2% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports attained the peak and are likely to continue growth in the immediate term.
In value terms, imports of wine; still, in containers holding more than 2 litreses surged to $10M in 2022. In general, imports saw a significant expansion. As a result, imports attained the peak and are likely to continue growth in the immediate term.
| Import of Wine; Still, in Containers Holding More than 2 Litres in Singapore (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | N/A | 1.7 | 283 | 3,768 | 4607.9% |
| France | 2,122 | 2,098 | 3,440 | 3,726 | 20.6% |
| United States | 420 | 624 | 636 | 611 | 13.3% |
| Australia | 358 | 386 | 273 | 521 | 13.3% |
| Italy | 165 | 182 | 309 | 483 | 43.0% |
| Spain | 137 | 219 | 290 | 171 | 7.7% |
| Japan | 0.2 | 34.1 | 82.4 | 143 | 794.2% |
| South Africa | 32.2 | 198 | 96.1 | 131 | 59.6% |
| Germany | 92.9 | 23.7 | 4.9 | 20.1 | -40.0% |
| Argentina | 120 | 72.8 | 77.3 | 4.2 | -67.3% |
| Others | 313 | 597 | 288 | 697 | 30.6% |
| Total | 3,760 | 4,437 | 5,780 | 10,275 | 39.8% |
Top Suppliers of Wine; Still, in Containers Holding More than 2 Litres to Singapore in 2022:
- United States (286.5K litres)
- Australia (223.2K litres)
- China (143.8K litres)
- South Africa (71.4K litres)
- Spain (64.8K litres)
- France (60.2K litres)
- Japan (36.9K litres)
- Italy (24.7K litres)
- Germany (9.4K litres)
- Argentina (0.9K litres)
Exports of Wine; Still, in Containers Holding More than 2 Litres in Singapore
In 2022, approx. 412K litres of wine; still, in containers holding more than 2 litreses were exported from Singapore; falling by -9.5% compared with the year before. Overall, exports continue to indicate a deep contraction. The pace of growth was the most pronounced in 2021 with an increase of 3.9%. The exports peaked at 653K litres in 2019; however, from 2020 to 2022, the exports stood at a somewhat lower figure.
In value terms, exports of wine; still, in containers holding more than 2 litreses stood at $1.3M in 2022. In general, exports saw a sharp setback. The growth pace was the most rapid in 2021 with an increase of 5.9%. The exports peaked at $3.3M in 2019; however, from 2020 to 2022, the exports remained at a lower figure.
| Export of Wine; Still, in Containers Holding More than 2 Litres in Singapore (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Philippines | 2.0 | 115 | 315 | 382 | 475.9% |
| Malaysia | 157 | 239 | 308 | 376 | 33.8% |
| Indonesia | 334 | 398 | 127 | 179 | -18.8% |
| Hong Kong SAR | 1,987 | 105 | 86.4 | 118 | -61.0% |
| United Arab Emirates | N/A | N/A | N/A | 102 | 0% |
| Thailand | 67.5 | 73.7 | 89.0 | 68.1 | 0.3% |
| Taiwan (Chinese) | 1.3 | 22.9 | 19.4 | 45.1 | 226.1% |
| Vietnam | 152 | 66.0 | 95.7 | 10.1 | -59.5% |
| Myanmar | 264 | 70.6 | 42.8 | N/A | -59.7% |
| Others | 306 | 136 | 214 | 34.8 | -51.6% |
| Total | 3,272 | 1,225 | 1,297 | 1,316 | -26.2% |
Top Export Markets for Wine; Still, in Containers Holding More than 2 Litres from Singapore in 2022:
- Philippines (167.3K litres)
- Malaysia (148.5K litres)
- United Arab Emirates (55.4K litres)
- Hong Kong SAR (13.1K litres)
- Taiwan (Chinese) (7.1K litres)
- Thailand (6.5K litres)
- Indonesia (5.2K litres)
- Vietnam (3.2K litres)
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