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Singapore - Soft Drinks - Market Analysis, Forecast, Size, Trends and Insights
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View PricingSoft Drink Price in Singapore - 2022
Contents:
- Soft Drink Price in Singapore (CIF) - 2022
- Soft Drink Price in Singapore (FOB) - 2022
- Soft Drink Imports in Singapore
- Soft Drink Exports in Singapore
Soft Drink Price in Singapore (CIF) - 2022
In September 2022, the average soft drink import price amounted to $983 per thousand litres, falling by -2.1% against the previous month. Over the last twelve months, it increased at an average monthly rate of +2.8%. The pace of growth appeared the most rapid in January 2022 when the average import price increased by 30% against the previous month. Over the period under review, average import prices attained the maximum at $1.0 per litre in August 2022, and then contracted in the following month.
Prices varied noticeably by the country of origin: the country with the highest price was Indonesia ($1.9 per litre), while the price for Malaysia ($803 per thousand litres) was amongst the lowest.
From September 2021 to September 2022, the most notable rate of growth in terms of prices was attained by Indonesia (+8.1%), while the prices for the other major suppliers experienced more modest paces of growth.
Soft Drink Price in Singapore (FOB) - 2022
In 2022, the average soft drink export price amounted to $1 per litre, waning by -15% against the previous year. Overall, the export price, however, continues to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2021 an increase of 25% against the previous year. As a result, the export price attained the peak level of $1.2 per litre, and then declined remarkably in the following year.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Cyprus ($1.6 per litre), while the average price for exports to China ($0.8 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 Malaysia (+6.2%), while the prices for the other major destinations experienced more modest paces of growth.
Soft Drink Imports in Singapore
In 2022, approx. 429M litres of soft drinks were imported into Singapore; rising by 9.2% compared with 2021 figures. The total import volume increased at an average annual rate of +5.1% from 2019 to 2022; the trend pattern remained consistent, with somewhat noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2021 with an increase of 17%. Imports peaked in 2022 and are likely to see gradual growth in years to come.
In value terms, soft drink imports rose significantly to $300M in 2022. The total import value increased at an average annual rate of +6.0% from 2019 to 2022; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2021 when imports increased by 22%. Over the period under review, imports hit record highs in 2022 and are likely to continue growth in the near future.
Import of Soft Drink in Singapore (Million USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Malaysia | 165 | 133 | 162 | 190 | 4.8% |
Thailand | 18.6 | 18.7 | 22.0 | 23.3 | 7.8% |
China | 5.0 | 6.1 | 11.8 | 13.0 | 37.5% |
Australia | 10.3 | 12.0 | 12.6 | 12.1 | 5.5% |
Vietnam | 9.8 | 6.5 | 7.8 | 9.6 | -0.7% |
Indonesia | 3.8 | 3.2 | 4.3 | 7.6 | 26.0% |
Others | 40.2 | 41.3 | 49.4 | 44.5 | 3.4% |
Total | 252 | 221 | 270 | 300 | 6.0% |
Top Suppliers of Soft Drink to Singapore in 2022:
- Malaysia (337.8M litres)
- Thailand (19.7M litres)
- China (12.9M litres)
- Vietnam (11.6M litres)
- Australia (9.9M litres)
- Indonesia (7.7M litres)
Soft Drink Exports in Singapore
In 2022, the amount of soft drinks exported from Singapore skyrocketed to 113M litres, picking up by 57% against the previous year's figure. Over the period under review, exports recorded a buoyant expansion. As a result, the exports reached the peak and are likely to continue growth in the immediate term.
In value terms, soft drink exports surged to $113M in 2022. In general, exports posted significant growth. The pace of growth was the most pronounced in 2021 when exports increased by 83% against the previous year. The exports peaked in 2022 and are expected to retain growth in the immediate term.
Export of Soft Drink in Singapore (Million USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Malaysia | 3.0 | 4.5 | 25.5 | 25.3 | 103.5% |
China | 0.1 | 0.2 | 10.9 | 23.9 | 520.6% |
Taiwan (Chinese) | 0.4 | 0.2 | 0.1 | 7.8 | 169.2% |
France | 5.7 | 2.9 | 6.7 | 6.4 | 3.9% |
Australia | 1.9 | 1.9 | 2.7 | 6.1 | 47.5% |
Thailand | 3.1 | 2.7 | 5.4 | 5.8 | 23.2% |
Brunei Darussalam | 4.9 | 3.5 | 3.2 | 5.5 | 3.9% |
Indonesia | 2.3 | 1.5 | 2.5 | 3.9 | 19.2% |
Hong Kong SAR | 1.9 | 1.7 | 1.7 | 3.3 | 20.2% |
Cyprus | 2.3 | 1.2 | 2.7 | 3.0 | 9.3% |
Maldives | 2.3 | 1.3 | 2.6 | 2.8 | 6.8% |
United Arab Emirates | 2.9 | 2.5 | 3.1 | 2.7 | -2.4% |
Cambodia | 17.4 | 7.0 | 1.8 | 0.6 | -67.5% |
Others | 16.0 | 15.0 | 15.5 | 15.8 | -0.4% |
Total | 64.0 | 46.2 | 84.5 | 113 | 20.9% |
Top Export Markets for Soft Drink from Singapore in 2022:
- China (31.6M litres)
- Malaysia (19.7M litres)
- Taiwan (Chinese) (9.4M litres)
- Brunei Darussalam (7.1M litres)
- France (6.9M litres)
- Thailand (6.2M litres)
- Australia (4.8M litres)
- Indonesia (4.1M litres)
- Hong Kong SAR (2.7M litres)
- Maldives (2.6M litres)
- United Arab Emirates (2.1M litres)
- Cyprus (1.8M litres)
- Cambodia (0.6M litres)
This report provides an in-depth analysis of the soft drink market in Singapore. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.
Product coverage:
- Prodcom 11071930 - Waters, with added sugar, other sweetening matter or flavoured, i.e. soft drinks (including mineral and aerated)
- Prodcom 11071950 - z Non-alcoholic beverages not containing milk fat (excluding sweetened or unsweetened mineral, aerated or flavoured waters)
- Prodcom 11071970 - Non-alcoholic beverages containing milk fat
- Prodcom 110000Z1 - Non-alcoholic beverages, not containing milk, milk products and fats derived therefrom (excl. water, fruit or vegetable juices)
- Prodcom 11051010 - Non-alcoholic beer and beer containing . 0.5% alcohol
Country coverage:
- Singapore
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in Singapore
- Export and import prices
- Market trends, drivers and restraints
- Key market players and their profiles
Reasons to buy this report:
- Take advantage of the latest data
- Find deeper insights into current market developments
- Discover vital success factors affecting the market
This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.
In this report, you can find information that helps you to make informed decisions on the following issues:
- How to diversify your business and benefit from new market opportunities
- How to load your idle production capacity
- How to boost your sales on overseas markets
- How to increase your profit margins
- How to make your supply chain more sustainable
- How to reduce your production and supply chain costs
- How to outsource production to other countries
- How to prepare your business for global expansion
While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
-
2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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5. MOST PROMISING SUPPLYING COUNTRIES
Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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10. PROFILES OF MAJOR PRODUCERS
The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO -
LIST OF TABLES
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption In 2012-2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
- Trade Balance, In Physical Terms, 2012-2023
- Trade Balance, In Value Terms, 2012-2023
- Per Capita Consumption, 2012-2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
This report provides an in-depth analysis of the soft drink market in Singapore.
This report provides an in-depth analysis of the market for non-alcoholic beverage, not containing milk in Singapore.
This report provides an in-depth analysis of the sugary soft drink market in Singapore.
This report provides an in-depth analysis of the global soft drink market.
This report provides an in-depth analysis of the global market for non-alcoholic beverage, not containing milk.
This report provides an in-depth analysis of the global sugary soft drink market.
This report provides an in-depth analysis of the soft drink market in Singapore.
This report provides an in-depth analysis of the market for non-alcoholic beverage, not containing milk in Singapore.
This report provides an in-depth analysis of the sugary soft drink market in Singapore.
This report provides an in-depth analysis of the global soft drink market.
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