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Singapore - Sugar - Market Analysis, Forecast, Size, Trends and Insights
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View PricingSugar Price in Singapore - 2022
Contents:
- Sugar Price in Singapore (FOB) - 2022
- Sugar Price in Singapore (CIF) - 2022
- Sugar Exports in Singapore
- Sugar Imports in Singapore
Sugar Price in Singapore (FOB) - 2022
In September 2022, the average sugar export price amounted to $2,781 per ton, surging by 21% against the previous month. In general, export price indicated moderate growth from September 2021 to September 2022: its price increased at an average monthly rate of +4.1% over the last twelve months. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on September 2022 figures, sugar export price increased by +37.7% against June 2022 indices. The most prominent rate of growth was recorded in March 2022 an increase of 52% against the previous month. The export price peaked in September 2022.
There were significant differences in the average prices for the major external markets. In September 2022, the country with the highest price was Qatar ($4,196 per ton), while the average price for exports to Saudi Arabia ($2,646 per ton) was amongst the lowest.
From September 2021 to September 2022, the most notable rate of growth in terms of prices was recorded for supplies to Iraq (+4.5%), while the prices for the other major destinations experienced more modest paces of growth.
Sugar Price in Singapore (CIF) - 2022
In September 2022, the average sugar import price amounted to $1,276 per ton, with an increase of 13% against the previous month. Over the period under review, the import price saw a prominent expansion. The growth pace was the most rapid in June 2022 when the average import price increased by 29% m-o-m. As a result, import price attained the peak level of $1,392 per ton. From July 2022 to September 2022, the average import prices remained at a somewhat lower figure.
Prices varied noticeably by the country of origin: the country with the highest price was the UK ($2,138 per ton), while the price for China ($554 per ton) was amongst the lowest.
From September 2021 to September 2022, the most notable rate of growth in terms of prices was attained by China (+10.1%), while the prices for the other major suppliers experienced more modest paces of growth.
Sugar Exports in Singapore
Sugar exports from Singapore rose notably to 4.3K tons in 2022, picking up by 7% against 2021. The total export volume increased at an average annual rate of +7.4% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2020 when exports increased by 41%. As a result, the exports attained the peak of 4.9K tons. From 2021 to 2022, the growth of the exports failed to regain momentum.
In value terms, sugar exports totaled $6.9M in 2022. The total export value increased at an average annual rate of +5.6% over the period from 2019 to 2022; however, the trend pattern remained relatively stable, with only minor fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2020 when exports increased by 17%. Over the period under review, the exports reached the peak figure in 2022 and are expected to retain growth in the immediate term.
Export of Sugar in Singapore (Thousand USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
United Arab Emirates | 259 | 0.4 | N/A | 2,181 | 103.4% |
Saudi Arabia | 1,031 | 1,402 | 2,458 | 1,851 | 21.5% |
Vanuatu | 621 | 1,009 | 1,103 | 926 | 14.2% |
Qatar | 1,652 | 1,606 | 888 | 906 | -18.1% |
Kuwait | 516 | 518 | 640 | 256 | -20.8% |
Iraq | 387 | 178 | 424 | 190 | -21.1% |
Oman | 295 | 778 | 197 | 141 | -21.8% |
Indonesia | 379 | 675 | 8.3 | 72.3 | -42.4% |
Others | 734 | 684 | 722 | 394 | -18.7% |
Total | 5,874 | 6,850 | 6,441 | 6,915 | 5.6% |
Top Export Markets for Sugar from Singapore in 2022:
- United Arab Emirates (1082.4 tons)
- Saudi Arabia (1052.2 tons)
- Vanuatu (1046.0 tons)
- Qatar (457.4 tons)
- Indonesia (141.2 tons)
- Kuwait (126.7 tons)
- Iraq (98.9 tons)
- Oman (75.5 tons)
Sugar Imports in Singapore
In 2022, overseas purchases of sugar decreased by -25% to 6.8K tons, falling for the second consecutive year after two years of growth. Over the period under review, imports, however, saw prominent growth. The pace of growth was the most pronounced in 2020 when imports increased by 104%. As a result, imports reached the peak of 9.8K tons. From 2021 to 2022, the growth of imports failed to regain momentum.
In value terms, sugar imports fell remarkably to $5.2M in 2022. Overall, total imports indicated a prominent expansion from 2019 to 2022: its value increased at an average annual rate of +11.5% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports decreased by -18.9% against 2020 indices. The pace of growth appeared the most rapid in 2020 when imports increased by 71%. As a result, imports attained the peak of $6.4M. From 2021 to 2022, the growth of imports failed to regain momentum.
Import of Sugar in Singapore (Million USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Mauritius | 2.5 | 3.7 | 3.9 | 2.8 | 3.8% |
Thailand | 0.3 | 1.4 | 1.3 | 1.6 | 74.7% |
India | 0.2 | 0.6 | 0.6 | 0.3 | 14.5% |
Australia | 0.1 | 0.2 | 0.1 | N/A | 0.0% |
Others | 0.6 | 0.5 | 0.4 | 0.5 | -5.9% |
Total | 3.7 | 6.4 | 6.4 | 5.2 | 12.0% |
Top Suppliers of Sugar to Singapore in 2022:
- Australia (undefinedK tons)
- Mauritius (3.5K tons)
- Thailand (2.6K tons)
- India (0.4K tons)
This report provides an in-depth analysis of the sugar 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:
- FCL 162 - Sugar, Raw Centrifugal
- FCL 163 - Sugar, Non-Centrifugal
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
- COUNTRIES WITH TOP YIELDS
- 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, HARVESTED AREA AND YIELD
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
- Yield 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
- Area Harvested, 2012–2023
- Yield, 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 sugar market in Singapore.
This report provides an in-depth analysis of the raw cane sugar market in Singapore.
This report provides an in-depth analysis of the market for flavoured refined cane sugar in Singapore.
This report provides an in-depth analysis of the refined cane sugar market in Singapore.
This report provides an in-depth analysis of the market for refined white cane sugar in Singapore.
This report provides an in-depth analysis of the global sugar market.
Global Raw Cane Sugar Market Report 2018. This report provides an in-depth analysis of the global raw cane sugar market.
Global Flavoured Refined Cane Sugar Market Report 2018. This report provides an in-depth analysis of the global market for flavoured refined cane sugar.
Global Refined Cane Sugar Market Report 2018. This report provides an in-depth analysis of the global refined cane sugar market.
Global Refined White Cane Sugar Market Report 2018. This report provides an in-depth analysis of the global market for refined white cane sugar.
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Discover the top import markets for sugar, including China, the United States, Indonesia, Bangladesh, and South Korea, and their importance in meeting global sugar demand. Gain valuable insights from the IndexBox market report on the sugar industry.
This year, world sugar production is expected to rise by 3% to 193M tons. The growth will be encouraged by favorable weather conditions in most of the largest producing countries, as well as the providing exemptions on the neonicotinoid usage against plant diseases and blights in France, Germany and the UK. The drop in sugar production and shipments from Brazil will be offset by large volumes coming from Thailand, which will boost global exports by +2.6% y-o-y. The increased supply in the world market is to keep sugar prices relatively stable over the next two years.
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