Singapore: Cereal Market 2025

Cereal Market Size in Singapore

The Singaporean cereal market soared to $X in 2022, growing by X% against the previous year. The market value increased at an average annual rate of X% over the period from 2012 to 2022; the trend pattern remained consistent, with somewhat noticeable fluctuations throughout the analyzed period. As a result, consumption attained the peak level and is likely to continue growth in the immediate term.

Cereal Production in Singapore

In value terms, cereal production totaled $X in 2022 estimated in export price. The total output value increased at an average annual rate of X% over the period from 2012 to 2022; the trend pattern remained consistent, with only minor fluctuations in certain years. The pace of growth appeared the most rapid in 2015 with an increase of X% against the previous year. As a result, production attained the peak level of $X. From 2016 to 2022, production growth remained at a lower figure.

In 2022, the average cereal yield in Singapore was estimated at less than X kg per ha, flattening at 2021. Over the period under review, the yield saw a relatively flat trend pattern. Despite the increased use of modern agricultural techniques and methods, future yield figures may still be impacted by adverse weather conditions.

In 2022, the cereal harvested area in Singapore totaled less than X ha, therefore, remained relatively stable against the previous year. In general, the harvested area recorded a relatively flat trend pattern.

Cereal Exports

Exports from Singapore

In 2022, the amount of cereals exported from Singapore reduced remarkably to X tons, shrinking by X% against the previous year. Over the period under review, exports showed a abrupt decline. The most prominent rate of growth was recorded in 2016 with an increase of X%. As a result, the exports attained the peak of X tons. From 2017 to 2022, the growth of the exports remained at a somewhat lower figure.

In value terms, cereal exports shrank sharply to $X in 2022. Overall, exports continue to indicate a perceptible curtailment. The most prominent rate of growth was recorded in 2016 when exports increased by X% against the previous year. As a result, the exports attained the peak of $X. From 2017 to 2022, the growth of the exports failed to regain momentum.

Exports by Country

Malaysia (X tons), the Philippines (X tons) and Brunei Darussalam (X tons) were the main destinations of cereal exports from Singapore, with a combined X% share of total exports. Bangladesh, Vietnam, Samoa, Hong Kong SAR, Indonesia, Myanmar, Taiwan (Chinese) and Nigeria lagged somewhat behind, together accounting for a further X%.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Bangladesh (with a CAGR of X%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for cereal exported from Singapore were the Philippines ($X), Bangladesh ($X) and Malaysia ($X), with a combined X% share of total exports.

Among the main countries of destination, Bangladesh, with a CAGR of X%, 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

In 2022, the average cereal export price amounted to $X per ton, dropping by X% against the previous year. Overall, the export price, however, recorded strong growth. The most prominent rate of growth was recorded in 2020 an increase of X%. Over the period under review, the average export prices hit record highs at $X per ton in 2021, and then shrank in the following year.

There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Nigeria ($X per ton), while the average price for exports to Samoa ($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 Nigeria (X%), while the prices for the other major destinations experienced more modest paces of growth.

Cereal Imports

Imports into Singapore

In 2022, cereal imports into Singapore shrank to X tons, with a decrease of X% on the previous year's figure. Overall, imports showed a mild descent. The pace of growth appeared the most rapid in 2020 with an increase of X%. Over the period under review, imports attained the maximum at X tons in 2017; however, from 2018 to 2022, imports failed to regain momentum.

In value terms, cereal imports skyrocketed to $X in 2022. The total import value increased at an average annual rate of X% from 2012 to 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being recorded in certain years. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2022, Australia (X tons) constituted the largest supplier of cereal to Singapore, accounting for a X% share of total imports. Moreover, cereal imports from Australia exceeded the figures recorded by the second-largest supplier, the United States (X tons), twofold. Canada (X tons) ranked third in terms of total imports with a X% share.

From 2012 to 2022, the average annual growth rate of volume from Australia was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (X% per year) and Canada (X% per year).

In value terms, the largest cereal suppliers to Singapore were Australia ($X), the United States ($X) and Canada ($X), with a combined X% share of total imports. Malaysia and India lagged somewhat behind, together accounting for a further X%.

Malaysia, with a CAGR of X%, recorded the highest rates of growth with regard to 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

In 2022, the average cereal import price amounted to $X per ton, jumping by X% against the previous year. In general, import price indicated a pronounced expansion from 2012 to 2022: its price increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, cereal import price increased by X% against 2017 indices. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

Average prices varied somewhat amongst the major supplying countries. In 2022, amid the top importers, the countries with the highest prices were the United States ($X per ton) and Canada ($X per ton), while the price for Australia ($X per ton) and India ($X per ton) were amongst the lowest.

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

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :