Singapore: Market for Cherries and Sour Cherries 2025

Market Size for Cherries and Sour Cherries in Singapore

In 2022, the Singaporean cherry and sour cherry market decreased by -0.8% to $X, falling for the fourth year in a row after two years of growth. The market value increased at an average annual rate of +2.0% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. Cherry and sour cherry consumption peaked at $X in 2018; however, from 2019 to 2022, consumption failed to regain momentum.

Production of Cherries and Sour Cherries in Singapore

In value terms, cherry and sour cherry production totaled $X in 2022 estimated in export price. Overall, production saw a relatively flat trend pattern. The growth pace was the most rapid in 2017 with a decrease of 99.9%. Over the period under review, production reached the maximum level in 2022 and is likely to see steady growth in the immediate term.

In 2022, the average cherry and sour cherry yield in Singapore totaled less than X kg per ha, remaining constant against 2021. Over the period under review, the yield continues to indicate 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 cherry and sour cherry harvested area in Singapore amounted to less than X ha, remaining constant against the previous year. Overall, the harvested area saw a relatively flat trend pattern.

Exports of Cherries and Sour Cherries

Exports from Singapore

In 2022, shipments abroad of cherries and sour cherries increased by 19% to X tons for the first time since 2018, thus ending a three-year declining trend. Overall, exports, however, saw a pronounced decline. The most prominent rate of growth was recorded in 2018 with an increase of 57% against the previous year. The exports peaked at X tons in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

In value terms, cherry and sour cherry exports rose remarkably to $X in 2022. The total export value increased at an average annual rate of +1.9% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2018 when exports increased by 40% against the previous year. Over the period under review, the exports hit record highs at $X in 2013; however, from 2014 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Malaysia (X tons) was the main destination for cherry and sour cherry exports from Singapore, with a 61% share of total exports. Moreover, cherry and sour cherry exports to Malaysia exceeded the volume sent to the second major destination, Brunei Darussalam (X tons), threefold. Indonesia (X tons) ranked third in terms of total exports with a 13% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Malaysia stood at +7.3%. Exports to the other major destinations recorded the following average annual rates of exports growth: Brunei Darussalam (+11.4% per year) and Indonesia (+13.7% per year).

In value terms, Malaysia ($X) remains the key foreign market for cherries and sour cherries exports from Singapore, comprising 57% of total exports. The second position in the ranking was taken by Brunei Darussalam ($X), with a 25% share of total exports. It was followed by Indonesia, with a 13% share.

From 2012 to 2022, the average annual rate of growth in terms of value to Malaysia amounted to +9.7%. Exports to the other major destinations recorded the following average annual rates of exports growth: Brunei Darussalam (+14.3% per year) and Indonesia (+11.4% per year).

Export Prices by Country

In 2022, the average cherry and sour cherry export price amounted to $X per ton, declining by -9.8% against the previous year. Overall, export price indicated a buoyant expansion from 2012 to 2022: its price increased at an average annual rate of +5.2% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2013 an increase of 54%. Over the period under review, the average export prices hit record highs at $X per ton in 2021, and then contracted in the following year.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Brunei Darussalam ($X per ton), while the average price for exports to Thailand ($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 Cambodia (+6.7%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Cherries and Sour Cherries

Imports into Singapore

In 2022, overseas purchases of cherries and sour cherries decreased by -0.7% to X tons, falling for the fourth consecutive year after two years of growth. Overall, total imports indicated mild growth from 2012 to 2022: its volume increased at an average annual rate of +1.1% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports decreased by -34.3% against 2018 indices. The most prominent rate of growth was recorded in 2014 when imports increased by 45%. Over the period under review, imports attained the maximum at X tons in 2018; however, from 2019 to 2022, imports stood at a somewhat lower figure.

In value terms, cherry and sour cherry imports shrank modestly to $X in 2022. The total import value increased at an average annual rate of +1.8% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2014 with an increase of 36% against the previous year. Over the period under review, imports attained the peak figure at $X in 2018; however, from 2019 to 2022, imports remained at a lower figure.

Imports by Country

Turkey (X tons), Australia (X tons) and the United States (X tons) were the main suppliers of cherry and sour cherry imports to Singapore, together comprising 68% of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Turkey (with a CAGR of +38.8%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest cherry and sour cherry suppliers to Singapore were Australia ($X), Turkey ($X) and the United States ($X), together comprising 63% of total imports.

Among the main suppliers, Turkey, with a CAGR of +35.1%, 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

In 2022, the average cherry and sour cherry import price amounted to $X per ton, approximately equating the previous year. In general, the import price showed a relatively flat trend pattern. The growth pace was the most rapid in 2020 when the average import price increased by 16%. Over the period under review, average import prices attained the maximum at $X per ton in 2013; however, from 2014 to 2022, import prices stood at a somewhat lower figure.

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 New Zealand ($X per ton), while the price for Turkey ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United States (+5.9%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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