Singapore: Non-Wheat Cereal Pellets Market 2024

Non-Wheat Cereal Pellets Market Size in Singapore

In 2021, the Singaporean non-wheat cereal pellets market increased by 4.7% to $X, rising for the fifth consecutive year after four years of decline. In general, the total consumption indicated noticeable growth from 2012 to 2021: its value increased at an average annual rate of +2.8% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption increased by +93.2% against 2016 indices. Non-wheat cereal pellets consumption peaked in 2021 and is expected to retain growth in years to come.

Non-Wheat Cereal Pellets Production in Singapore

In value terms, non-wheat cereal pellets production totaled $X in 2021 estimated in export price. Overall, production, however, continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 with an increase of 85% against the previous year. Non-wheat cereal pellets production peaked at $X in 2012; however, from 2013 to 2021, production stood at a somewhat lower figure.

Non-Wheat Cereal Pellets Exports

Exports from Singapore

For the fifth consecutive year, Singapore recorded decline in shipments abroad of cereal pellets (excluding wheat), which decreased by -19% to X tons in 2021. Over the period under review, exports, however, continue to indicate a modest increase. The pace of growth was the most pronounced in 2014 when exports increased by 295% against the previous year. Over the period under review, the exports hit record highs at X tons in 2016; however, from 2017 to 2021, the exports remained at a lower figure.

In value terms, non-wheat cereal pellets exports rose modestly to $X in 2021. In general, exports saw a deep setback. The most prominent rate of growth was recorded in 2014 when exports increased by 186% against the previous year. Over the period under review, the exports hit record highs at $X in 2012; however, from 2013 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

Malaysia (X tons) was the main destination for non-wheat cereal pellets exports from Singapore, accounting for a 64% share of total exports. Moreover, non-wheat cereal pellets exports to Malaysia exceeded the volume sent to the second major destination, Indonesia (X tons), threefold.

From 2012 to 2021, the average annual rate of growth in terms of volume to Malaysia totaled +17.6%. Exports to the other major destinations recorded the following average annual rates of exports growth: Indonesia (+86.5% per year) and Australia (+6.9% per year).

In value terms, Indonesia ($X), Malaysia ($X) and Australia ($X) appeared to be the largest markets for non-wheat cereal pellets exported from Singapore worldwide, with a combined 100% share of total exports.

Among the main countries of destination, Indonesia, with a CAGR of +80.4%, saw the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average non-wheat cereal pellets export price stood at $X per ton in 2021, surging by 26% against the previous year. In general, the export price, however, showed a deep slump. The export price peaked at $X per ton in 2012; however, from 2013 to 2021, 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 ($X per ton), while the average price for exports to Malaysia ($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 Australia (+8.1%), while the prices for the other major destinations experienced a decline.

Non-Wheat Cereal Pellets Imports

Imports into Singapore

For the third consecutive year, Singapore recorded growth in overseas purchases of cereal pellets (excluding wheat), which increased by 6% to X tons in 2021. In general, imports enjoyed a significant increase. The growth pace was the most rapid in 2015 with an increase of 99% against the previous year. Imports peaked in 2021 and are expected to retain growth in years to come.

In value terms, non-wheat cereal pellets imports rose sharply to $X in 2021. Over the period under review, imports saw a buoyant increase. The growth pace was the most rapid in 2015 with an increase of 88% against the previous year. Imports peaked in 2021 and are expected to retain growth in the immediate term.

Imports by Country

India (X tons), Australia (X tons) and Malaysia (X tons) were the main suppliers of non-wheat cereal pellets imports to Singapore, together comprising 83% of total imports.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by India (with a CAGR of +88.6%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest non-wheat cereal pellets suppliers to Singapore were India ($X), Malaysia ($X) and Australia ($X), together comprising 80% of total imports.

Among the main suppliers, India, with a CAGR of +88.8%, 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 non-wheat cereal pellets import price stood at $X per ton in 2021, growing by 1.8% against the previous year. Over the period under review, the import price, however, recorded a abrupt downturn. The growth pace was the most rapid in 2018 an increase of 4.7%. The import price peaked at $X per ton in 2012; however, from 2013 to 2021, import prices stood at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was China ($X per ton), while the price for Australia ($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 (+7.4%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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