Singapore: Vinegar-Preserved Vegetable Market 2025

Vinegar-Preserved Vegetable Market Size in Singapore

The Singaporean vinegar-preserved vegetable market surged to $X in 2022, picking up by 20% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). The market value increased at an average annual rate of +1.4% over the period from 2012 to 2022; the trend pattern indicated some noticeable fluctuations being recorded in certain years. Vinegar-preserved vegetable consumption peaked in 2022 and is expected to retain growth in the near future.

Vinegar-Preserved Vegetable Exports

Exports from Singapore

In 2022, shipments abroad of vegetables in vinegar other than potatoes increased by 9.5% to X tons, rising for the second year in a row after two years of decline. Overall, exports, however, continue to indicate a mild curtailment. The pace of growth appeared the most rapid in 2021 with an increase of 33%. The exports peaked at X tons in 2018; however, from 2019 to 2022, the exports failed to regain momentum.

In value terms, vinegar-preserved vegetable exports expanded markedly to $X in 2022. In general, exports, however, continue to indicate a noticeable setback. The growth pace was the most rapid in 2021 when exports increased by 32%. Over the period under review, the exports hit record highs at $X in 2018; however, from 2019 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Malaysia (X tons) was the main destination for vinegar-preserved vegetable exports from Singapore, accounting for a 27% share of total exports. Moreover, vinegar-preserved vegetable exports to Malaysia exceeded the volume sent to the second major destination, Thailand (X tons), twofold. Hong Kong SAR (X tons) ranked third in terms of total exports with a 12% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Malaysia amounted to -4.3%. Exports to the other major destinations recorded the following average annual rates of exports growth: Thailand (+9.5% per year) and Hong Kong SAR (+12.1% per year).

In value terms, the largest markets for vinegar-preserved vegetable exported from Singapore were Malaysia ($X), Thailand ($X) and Myanmar ($X), together accounting for 48% of total exports. Indonesia, Hong Kong SAR, Vanuatu, Cambodia, Seychelles, South Korea, Brunei Darussalam, Bangladesh, Maldives and China lagged somewhat behind, together accounting for a further 40%.

Vanuatu, with a CAGR of +61.5%, recorded the highest rates of growth with regard to the value of exports, in terms of the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2022, the average vinegar-preserved vegetable export price amounted to $X per ton, declining by -2% against the previous year. Over the period under review, the export price saw a slight downturn. The most prominent rate of growth was recorded in 2018 when the average export price increased by 8.2%. Over the period under review, the average export prices attained the peak figure at $X per ton in 2016; however, from 2017 to 2022, the export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Indonesia ($X per ton), while the average price for exports to China ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Indonesia (+11.8%), while the prices for the other major destinations experienced more modest paces of growth.

Vinegar-Preserved Vegetable Imports

Imports into Singapore

In 2022, approx. X tons of vegetables in vinegar other than potatoes were imported into Singapore; growing by 14% compared with 2021. The total import volume increased at an average annual rate of +1.3% from 2012 to 2022; the trend pattern remained relatively stable, with only minor fluctuations throughout the analyzed period. The pace of growth appeared the most rapid in 2020 when imports increased by 21% against the previous year. Imports peaked in 2022 and are likely to continue growth in the near future.

In value terms, vinegar-preserved vegetable imports skyrocketed to $X in 2022. The total import value increased at an average annual rate of +1.1% from 2012 to 2022; 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 28%. Over the period under review, imports reached the maximum in 2022 and are expected to retain growth in the near future.

Imports by Country

In 2022, China (X tons) constituted the largest vinegar-preserved vegetable supplier to Singapore, with a 41% share of total imports. Moreover, vinegar-preserved vegetable imports from China exceeded the figures recorded by the second-largest supplier, Thailand (X tons), threefold. The third position in this ranking was taken by Malaysia (X tons), with a 12% share.

From 2012 to 2022, 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: Thailand (+12.7% per year) and Malaysia (+1.1% per year).

In value terms, China ($X), Malaysia ($X) and India ($X) appeared to be the largest vinegar-preserved vegetable suppliers to Singapore, with a combined 61% share of total imports. Thailand, the United States, Mexico, Turkey, Germany, the Netherlands, Italy, Taiwan (Chinese), Sri Lanka and Vietnam lagged somewhat behind, together accounting for a further 24%.

In terms of the main suppliers, Turkey, with a CAGR of +53.7%, saw the highest rates of growth with regard to 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

The average vinegar-preserved vegetable import price stood at $X per ton in 2022, surging by 5.1% against the previous year. Overall, the import price, however, recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2021 when the average import price increased by 12%. Over the period under review, average import prices reached the peak figure at $X per ton in 2012; afterwards, it flattened through to 2022.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was the United States ($X per ton), while the price for Vietnam ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Italy (+7.3%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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