Singapore: Breakfast Cereal Market 2022

Breakfast Cereal Market Size in Singapore

In 2021, the Singaporean breakfast cereal market decreased by -X% to $X for the first time since 2015, thus ending a five-year rising trend. In general, consumption, however, recorded a prominent increase. As a result, consumption attained the peak level of $X, and then reduced sharply in the following year.

Breakfast Cereal Production in Singapore

In value terms, breakfast cereal production contracted notably to $X in 2021 estimated in export price. Over the period under review, production, however, continues to indicate a resilient increase. The pace of growth appeared the most rapid in 2020 with an increase of X%. As a result, production attained the peak level of $X, and then dropped significantly in the following year.

Breakfast Cereal Exports

Exports from Singapore

In 2021, approx. X tons of breakfast cereals were exported from Singapore; declining by -X% on the year before. Over the period under review, exports recorded a abrupt downturn. The most prominent rate of growth was recorded in 2015 when exports increased by X%. As a result, the exports attained the peak of X tons. From 2016 to 2021, the growth of the exports failed to regain momentum.

In value terms, breakfast cereal exports fell sharply to $X in 2021. In general, exports showed a abrupt setback. The most prominent rate of growth was recorded in 2020 when exports increased by X% against the previous year. Over the period under review, the exports reached the peak figure at $X in 2013; however, from 2014 to 2021, the exports failed to regain momentum.

Exports by Country

Oman (X tons) was the main destination for breakfast cereal exports from Singapore, accounting for a X% share of total exports. Moreover, breakfast cereal exports to Oman exceeded the volume sent to the second major destination, Myanmar (X tons), more than tenfold.

From 2012 to 2021, the average annual rate of growth in terms of volume to Oman stood at +X%.

In value terms, Oman ($X) emerged as the key foreign market for breakfast cereal exports from Singapore, comprising X% of total exports. The second position in the ranking was taken by Myanmar ($X), with a X% share of total exports.

From 2012 to 2021, the average annual rate of growth in terms of value to Oman totaled +X%.

Export Prices by Country

In 2021, the average breakfast cereal export price amounted to $X per ton, leveling off at the previous year. Overall, export price indicated a buoyant increase from 2012 to 2021: its price increased at an average annual rate of +X% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, breakfast cereal export price increased by +X% against 2016 indices. The pace of growth appeared the most rapid in 2018 an increase of X%. Over the period under review, the average export prices hit record highs in 2021 and is likely to see steady growth in the near future.

There were significant differences in the average prices for the major overseas markets. In 2021, the country with the highest price was Oman ($X per ton), while the average price for exports to Myanmar amounted to $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Oman (+X%).

Breakfast Cereal Imports

Imports into Singapore

In 2021, breakfast cereal imports into Singapore contracted dramatically to X tons, with a decrease of -X% against the previous year's figure. In general, imports saw a perceptible descent. The most prominent rate of growth was recorded in 2020 with an increase of X%. As a result, imports reached the peak of X tons, and then shrank notably in the following year.

In value terms, breakfast cereal imports declined dramatically to $X in 2021. The total import value increased at an average annual rate of +X% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2014 when imports increased by X%. Imports peaked at $X in 2020, and then shrank markedly in the following year.

Imports by Country

The United States (X tons), Malaysia (X tons) and India (X tons) were the main suppliers of breakfast cereal imports to Singapore, with a combined X% share of total imports. These countries were followed by the UK, China, Australia, Indonesia, the Philippines, Taiwan (Chinese) and Japan, which together accounted for a further X 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by the UK (with a CAGR of +X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Malaysia ($X), the United States ($X) and the UK ($X) appeared to be the largest breakfast cereal suppliers to Singapore, together accounting for X% of total imports. Australia, China, Japan, Taiwan (Chinese), Indonesia, India and the Philippines lagged somewhat behind, together comprising a further X terms of the main suppliers, Japan, with a CAGR of +X%, saw the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2021, the average breakfast cereal import price amounted to $X per ton, with an increase of X% against the previous year. Over the last nine years, it increased at an average annual rate of +X%. The pace of growth appeared the most rapid in 2013 an increase of X% against the previous year. Over the period under review, average import prices attained the maximum at $X per ton in 2018; however, from 2019 to 2021, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2021, the country with the highest price was Japan ($X per ton), while the price for India ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

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