Swine; Live Price in Singapore - 2022

Swine; Live Price in Singapore (CIF) - 2022

The average swine; live import price stood at $193 per unit in 2022, standing approx. at the previous year. Over the period under review, the import price recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 an increase of 12% against the previous year. Over the period under review, average import prices reached the peak figure at $209 per unit in 2013; however, from 2014 to 2022, import prices remained at a lower figure.

Average prices varied somewhat amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Malaysia ($237 per unit), while the price for Indonesia totaled $175 per unit.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Malaysia (+2.3%).

Swine; Live Imports in Singapore

In 2022, the amount of swine; live imported into Singapore expanded notably to 474K units, with an increase of 12% compared with the year before. The total import volume increased at an average annual rate of +6.8% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2020 with an increase of 34%. As a result, imports reached the peak of 523K units. From 2021 to 2022, the growth of imports remained at a lower figure.

In value terms, swine; live imports rose remarkably to $92M in 2022. The total import value increased at an average annual rate of +7.1% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2020 when imports increased by 35% against the previous year. As a result, imports reached the peak of $101M. From 2021 to 2022, the growth of imports remained at a lower figure.