Singapore: Sour Cherry Market 2025

Sour Cherry Market Size in Singapore

After four years of decline, the Singaporean sour cherry market increased by 88% to $X in 2022. In general, consumption saw a relatively flat trend pattern. Sour cherry consumption peaked at $X in 2017; however, from 2018 to 2022, consumption failed to regain momentum.

Sour Cherry Production in Singapore

In value terms, sour cherry production totaled $X in 2022 estimated in export price. Over the period under review, production showed a relatively flat trend pattern. Over the period under review, production hit record highs in 2022 and is likely to continue growth in the immediate term.

The average yield of sour cherries in Singapore was estimated at less than X kg per ha in 2022, remaining constant against the previous year. In general, the yield showed 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 sour cherry harvested area in Singapore stood at less than X ha, therefore, remained relatively stable against the year before. Overall, the harvested area continues to indicate a relatively flat trend pattern.

Sour Cherry Exports

Exports from Singapore

In 2022, the amount of sour cherries exported from Singapore dropped to X tons, falling by -11.2% against 2021 figures. In general, exports recorded a pronounced descent. The growth pace was the most rapid in 2013 when exports increased by 72%. The exports peaked at X tons in 2018; however, from 2019 to 2022, the exports remained at a lower figure.

In value terms, sour cherry exports shrank significantly to $X in 2022. Overall, exports showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2013 with an increase of 83%. The exports peaked at $X in 2018; however, from 2019 to 2022, the exports failed to regain momentum.

Exports by Country

Malaysia (X tons), Brunei Darussalam (X tons) and Cambodia (X tons) were the main destinations of sour cherry exports from Singapore, together comprising 91% of total exports.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Brunei Darussalam (with a CAGR of +8.1%), while the other leaders experienced more modest paces of growth.

In value terms, Malaysia ($X) remains the key foreign market for sour cherries exports from Singapore, comprising 58% of total exports. The second position in the ranking was held by Brunei Darussalam ($X), with a 29% share of total exports. It was followed by Cambodia, with an 8.6% share.

From 2012 to 2022, the average annual growth rate of value to Malaysia amounted to +7.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: Brunei Darussalam (+9.5% per year) and Cambodia (-17.5% per year).

Export Prices by Country

In 2022, the average sour cherry export price amounted to $X per ton, falling by -5.3% against the previous year. Over the last decade, it increased at an average annual rate of +1.7%. The growth pace was the most rapid in 2020 an increase of 23%. The export price peaked at $X per ton in 2021, and then declined in the following year.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Malaysia ($X per ton), while the average price for exports to Thailand ($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 Malaysia (+4.6%), while the prices for the other major destinations experienced more modest paces of growth.

Sour Cherry Imports

Imports into Singapore

For the fifth consecutive year, Singapore recorded decline in supplies from abroad of sour cherries, which decreased by -30.3% to X tons in 2022. Overall, imports continue to indicate a deep contraction. The most prominent rate of growth was recorded in 2014 when imports increased by 73%. Over the period under review, imports hit record highs at X tons in 2017; however, from 2018 to 2022, imports stood at a somewhat lower figure.

In value terms, sour cherry imports declined significantly to $X in 2022. In general, imports continue to indicate a abrupt setback. The most prominent rate of growth was recorded in 2014 with an increase of 58% against the previous year. Over the period under review, imports hit record highs at $X in 2017; however, from 2018 to 2022, imports remained at a lower figure.

Imports by Country

In 2022, Australia (X tons) constituted the largest sour cherry supplier to Singapore, with a 38% share of total imports. Moreover, sour cherry imports from Australia exceeded the figures recorded by the second-largest supplier, Turkey (X tons), twofold. The United States (X tons) ranked third in terms of total imports with a 14% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from Australia was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: Turkey (+17.0% per year) and the United States (-21.8% per year).

In value terms, Australia ($X), the United States ($X) and Turkey ($X) appeared to be the largest sour cherry suppliers to Singapore, with a combined 68% share of total imports.

In terms of the main suppliers, Turkey, with a CAGR of +15.1%, 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

The average sour cherry import price stood at $X per ton in 2022, with an increase of 8% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +1.8%. The pace of growth appeared the most rapid in 2020 when the average import price increased by 20%. Over the period under review, average import prices reached the peak figure in 2022 and is likely to continue growth in years to come.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was New Zealand ($X per ton), while the price for South Africa ($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 (+6.8%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :