Singapore: Apple Juice Market 2024

Apple Juice Market Size in Singapore

After four years of growth, the Singaporean apple juice market decreased by -4.9% to $X in 2021. Over the period under review, the total consumption indicated strong growth from 2012 to 2021: its value increased at an average annual rate of +5.6% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Over the period under review, the market attained the peak level at $X in 2020, and then fell slightly in the following year.

Apple Juice Production in Singapore

In value terms, apple juice production dropped modestly to $X in 2021 estimated in export price. In general, the total production indicated a remarkable increase from 2012 to 2021: its value increased at an average annual rate of +8.8% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, production increased by +113.5% against 2012 indices. The most prominent rate of growth was recorded in 2015 with an increase of 34%. Over the period under review, production reached the maximum level at $X in 2020, and then fell in the following year.

Apple Juice Exports

Exports from Singapore

For the fourth year in a row, Singapore recorded growth in overseas shipments of apple juice (single strength), which increased by 45% to X tons in 2021. Overall, exports saw a buoyant increase. The most prominent rate of growth was recorded in 2016 with an increase of 103% against the previous year. Over the period under review, the exports attained the peak figure in 2021 and are expected to retain growth in the immediate term.

In value terms, apple juice exports skyrocketed to $X in 2021. In general, exports saw a resilient increase. The growth pace was the most rapid in 2016 with an increase of 100%. Over the period under review, the exports attained the peak figure in 2021 and are expected to retain growth in the immediate term.

Exports by Country

Malaysia (X tons) was the main destination for apple juice exports from Singapore, accounting for a 61% share of total exports. Moreover, apple juice exports to Malaysia exceeded the volume sent to the second major destination, Cambodia (X tons), threefold. The third position in this ranking was taken by China (X tons), with a 15% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to Malaysia stood at +15.7%. Exports to the other major destinations recorded the following average annual rates of exports growth: Cambodia (+43.2% per year) and China (+41.5% per year).

In value terms, Malaysia ($X) remains the key foreign market for apple juice (single strength) exports from Singapore, comprising 63% of total exports. The second position in the ranking was taken by Cambodia ($X), with a 15% share of total exports. It was followed by China, with a 14% share.

From 2012 to 2021, the average annual rate of growth in terms of value to Malaysia stood at +19.6%. Exports to the other major destinations recorded the following average annual rates of exports growth: Cambodia (+43.7% per year) and China (+44.3% per year).

Export Prices by Country

In 2021, the average apple juice export price amounted to $X per ton, increasing by 3.3% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +2.3%. The pace of growth appeared the most rapid in 2017 when the average export price increased by 14%. As a result, the export price reached the peak level of $X per ton. From 2018 to 2021, the average export prices remained at a somewhat lower figure.

There were significant differences in the average prices for the major overseas markets. In 2021, amid the top suppliers, the country with the highest price was Indonesia ($X per ton), while the average price for exports to Cambodia ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Indonesia (+12.8%), while the prices for the other major destinations experienced more modest paces of growth.

Apple Juice Imports

Imports into Singapore

In 2021, the amount of apple juice (single strength) imported into Singapore was estimated at X tons, growing by 2.8% on the previous year. In general, imports, however, saw a perceptible setback. The pace of growth was the most pronounced in 2018 with an increase of 28% against the previous year. Over the period under review, imports attained the peak figure at X tons in 2012; however, from 2013 to 2021, imports failed to regain momentum.

In value terms, apple juice imports soared to $X in 2021. Overall, imports recorded measured growth. The most prominent rate of growth was recorded in 2018 with an increase of 42% against the previous year. Over the period under review, imports attained the peak figure in 2021 and are expected to retain growth in the immediate term.

Imports by Country

South Africa (X tons), Japan (X tons) and Cyprus (X tons) were the main suppliers of apple juice imports to Singapore, together accounting for 58% of total imports. Brazil, Indonesia, Australia, Egypt, the United States, Turkey, New Zealand, Spain, Belgium and the UK lagged somewhat behind, together accounting for a further 37%.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Brazil (with a CAGR of +295.6%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Japan ($X) constituted the largest supplier of apple juice (single strength) to Singapore, comprising 38% of total imports. The second position in the ranking was taken by South Africa ($X), with a 15% share of total imports. It was followed by Brazil, with a 9.2% share.

From 2012 to 2021, the average annual growth rate of value from Japan stood at +26.0%. The remaining supplying countries recorded the following average annual rates of imports growth: South Africa (+12.3% per year) and Brazil (+327.5% per year).

Import Prices by Country

The average apple juice import price stood at $X per ton in 2021, rising by 27% against the previous year. In general, import price indicated prominent growth from 2012 to 2021: its price increased at an average annual rate of +7.6% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, apple juice import price increased by +81.0% against 2017 indices. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was New Zealand ($X per ton), while the price for Egypt ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Japan (+17.9%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :