Singapore: Apple Market 2025

Apple Market Size in Singapore

In 2021, the Singaporean apple market decreased by -11.7% to $X for the first time since 2018, thus ending a two-year rising trend. Overall, consumption recorded a relatively flat trend pattern. Apple consumption peaked at $X in 2014; however, from 2015 to 2021, consumption remained at a lower figure.

Apple Exports

Exports from Singapore

Apple exports from Singapore shrank significantly to X tons in 2021, with a decrease of -16.3% compared with the previous year's figure. In general, exports showed a abrupt setback. The pace of growth appeared the most rapid in 2013 with an increase of 37% against the previous year. Over the period under review, the exports reached the maximum at X tons in 2016; however, from 2017 to 2021, the exports failed to regain momentum.

In value terms, apple exports reduced rapidly to $X in 2021. Over the period under review, exports recorded a abrupt setback. The pace of growth was the most pronounced in 2013 with an increase of 31%. The exports peaked at $X in 2014; however, from 2015 to 2021, the exports remained at a lower figure.

Exports by Country

Indonesia (X tons), Brunei Darussalam (X tons) and Malaysia (X tons) were the main destinations of apple exports from Singapore, with a combined 86% share of total exports. Vietnam, Timor-Leste and Cambodia lagged somewhat behind, together comprising a further 14%.

From 2012 to 2021, the biggest increases were recorded for Vietnam (with a CAGR of +11.6%), while shipments for the other leaders experienced a decline.

In value terms, Indonesia ($X), Brunei Darussalam ($X) and Malaysia ($X) appeared to be the largest markets for apple exported from Singapore worldwide, together accounting for 79% of total exports. These countries were followed by Vietnam, Timor-Leste and Cambodia, which together accounted for a further 20%.

Among the main countries of destination, Vietnam, with a CAGR of +19.5%, recorded the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced a decline.

Export Prices by Country

The average apple export price stood at $X per ton in 2021, falling by -2.1% against the previous year. Overall, the export price, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2014 when the average export price increased by 19%. As a result, the export price attained the peak level of $X per ton. From 2015 to 2021, the average export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Vietnam ($X per ton), while the average price for exports to Malaysia ($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 Vietnam (+7.1%), while the prices for the other major destinations experienced more modest paces of growth.

Apple Imports

Imports into Singapore

In 2021, supplies from abroad of apples decreased by -14.2% to X tons for the first time since 2018, thus ending a two-year rising trend. In general, imports showed a mild curtailment. The pace of growth was the most pronounced in 2020 with an increase of 11%. Imports peaked at X tons in 2013; however, from 2014 to 2021, imports remained at a lower figure.

In value terms, apple imports dropped to $X in 2021. Overall, imports saw a mild curtailment. The pace of growth appeared the most rapid in 2013 when imports increased by 12%. Imports peaked at $X in 2014; however, from 2015 to 2021, imports remained at a lower figure.

Imports by Country

In 2021, China (X tons) constituted the largest supplier of apple to Singapore, accounting for a 45% share of total imports. Moreover, apple imports from China exceeded the figures recorded by the second-largest supplier, New Zealand (X tons), twofold. South Africa (X tons) ranked third in terms of total imports with a 17% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from China was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: New Zealand (+0.0% per year) and South Africa (-4.6% per year).

In value terms, China ($X), New Zealand ($X) and South Africa ($X) constituted the largest apple suppliers to Singapore, together comprising 77% of total imports. These countries were followed by the United States, France, Turkey and Italy, which together accounted for a further 17%.

Turkey, with a CAGR of +48.1%, saw the highest growth rate of the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average apple import price stood at $X per ton in 2021, picking up by 3.1% against the previous year. Overall, the import price showed a relatively flat trend pattern. The growth pace was the most rapid in 2018 an increase of 14%. Over the period under review, average import prices reached the peak figure at $X per ton in 2019; however, from 2020 to 2021, import prices failed to regain momentum.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the United States (+3.1%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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