Report Update Mar 1, 2025

Singapore - Chestnut - Market Analysis, Forecast, Size, Trends and Insights

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Singapore: Chestnut Market 2025

Chestnut Market Size in Singapore

In 2021, the Singaporean chestnut market decreased by -64.5% to $X for the first time since 2016, thus ending a four-year rising trend. In general, consumption continues to indicate a abrupt downturn. Over the period under review, the market reached the maximum level at $X in 2013; however, from 2014 to 2021, consumption failed to regain momentum.

Chestnut Exports

Exports from Singapore

Chestnut exports from Singapore surged to X tons in 2021, picking up by 57% compared with the previous year. Over the period under review, exports, however, showed a significant decrease. The growth pace was the most rapid in 2019 with an increase of 126%. The exports peaked at X tons in 2012; however, from 2013 to 2021, the exports failed to regain momentum.

In value terms, chestnut exports surged to $X in 2021. In general, exports, however, showed a abrupt decline. The most prominent rate of growth was recorded in 2019 with an increase of 293%. The exports peaked at $X in 2012; however, from 2013 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

Malaysia (X tons), Brunei Darussalam (X tons) and Timor-Leste (X kg) were the main destinations of chestnut exports from Singapore, with a combined 94% share of total exports.

From 2012 to 2021, the biggest increases were in Brunei Darussalam (with a CAGR of +14.3%), while shipments for the other leaders experienced mixed trend patterns.

In value terms, Malaysia ($X) remains the key foreign market for chestnut exports from Singapore, comprising 63% of total exports. The second position in the ranking was held by Brunei Darussalam ($X), with a 30% share of total exports. It was followed by Indonesia, with a 3.4% share.

From 2012 to 2021, the average annual growth rate of value to Malaysia amounted to -22.6%. Exports to the other major destinations recorded the following average annual rates of exports growth: Brunei Darussalam (+25.7% per year) and Indonesia (+7.8% per year).

Export Prices by Country

The average chestnut export price stood at $X per ton in 2021, growing by 19% against the previous year. In general, the export price enjoyed buoyant growth. The pace of growth appeared the most rapid in 2019 an increase of 74% against the previous year. The export price peaked in 2021 and is expected to retain growth in years to come.

Prices varied noticeably country of destination: the country with the highest price was Malaysia ($X per ton), while the average price for exports to Timor-Leste ($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 Indonesia (+18.0%), while the prices for the other major destinations experienced more modest paces of growth.

Chestnut Imports

Imports into Singapore

In 2021, chestnut imports into Singapore dropped markedly to X tons, falling by -58% compared with 2020 figures. Overall, imports showed a abrupt slump. The pace of growth was the most pronounced in 2017 with an increase of 24%. Imports peaked at X tons in 2013; however, from 2014 to 2021, imports remained at a lower figure.

In value terms, chestnut imports dropped notably to $X in 2021. In general, imports faced a abrupt shrinkage. The most prominent rate of growth was recorded in 2017 with an increase of 44%. Over the period under review, imports hit record highs at $X in 2013; however, from 2014 to 2021, imports remained at a lower figure.

Imports by Country

In 2021, China (X tons) was the main chestnut supplier to Singapore, with a 95% share of total imports. It was followed by Italy (X tons), with a 2.6% share of total imports.

From 2012 to 2021, the average annual growth rate of volume from China stood at -13.0%. The remaining supplying countries recorded the following average annual rates of imports growth: Italy (-27.1% per year) and South Korea (-12.0% per year).

In value terms, China ($X) constituted the largest supplier of chestnut to Singapore, comprising 86% of total imports. The second position in the ranking was held by Italy ($X), with a 6.9% share of total imports.

From 2012 to 2021, the average annual growth rate of value from China totaled -9.4%. The remaining supplying countries recorded the following average annual rates of imports growth: Italy (-25.5% per year) and South Korea (-5.8% per year).

Import Prices by Country

The average chestnut import price stood at $X per ton in 2021, declining by -13% against the previous year. Over the last nine years, it increased at an average annual rate of +2.1%. The most prominent rate of growth was recorded in 2013 an increase of 19%. Over the period under review, average import prices hit record highs at $X per ton in 2020, and then fell in the following year.

There were significant differences in the average prices amongst the major supplying countries. In 2021, the country with the highest price was Italy ($X per ton), while the price for China ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by South Korea (+7.0%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for chestnuts in the world?

China constituted the country with the largest volume of chestnut consumption, comprising approx. 80% of total volume. Moreover, chestnut consumption in China exceeded the figures recorded by the second-largest consumer, Bolivia, more than tenfold. Turkey ranked third in terms of total consumption with a 3.1% share.

What are the largest producers of chestnuts in the world?

China remains the largest chestnut producing country worldwide, accounting for 81% of total volume. Moreover, chestnut production in China exceeded the figures recorded by the second-largest producer, Bolivia, more than tenfold. The third position in this ranking was occupied by Turkey, with a 3.5% share.

What are the leading suppliers of chestnuts to Singapore?

In value terms, China constituted the largest supplier of chestnut to Singapore, comprising 89% of total imports. The second position in the ranking was occupied by Italy, with a 7.4% share of total imports.

What are the leading importers of chestnuts from Singapore?

In value terms, Malaysia remains the key foreign market for chestnut exports from Singapore, comprising 72% of total exports. The second position in the ranking was occupied by Brunei Darussalam, with a 27% share of total exports.

What is the average export price for chestnuts in Singapore?

In 2021, the average chestnut export price amounted to $7,115 per ton, with an increase of 10% against the previous year.

What is the average import price for chestnuts in Singapore?

The average chestnut import price stood at $3,514 per ton in 2021, remaining constant against the previous year.

This report provides an in-depth analysis of the chestnut market in Singapore. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.

Product coverage:

FCL 220 - Chestnuts

Country coverage:

Singapore

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in Singapore
Export and import prices
Market trends, drivers and restraints
Key market players and their profiles

Reasons to buy this report:

Take advantage of the latest data
Find deeper insights into current market developments
Discover vital success factors affecting the market

This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:

How to diversify your business and benefit from new market opportunities
How to load your idle production capacity
How to boost your sales on overseas markets
How to increase your profit margins
How to make your supply chain more sustainable
How to reduce your production and supply chain costs
How to outsource production to other countries
How to prepare your business for global expansion

While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.

1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business
1. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects
1. MARKET SIZE
2. MARKET STRUCTURE
3. TRADE BALANCE
4. PER CAPITA CONSUMPTION
5. MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. COUNTRIES WITH TOP YIELDS
4. TOP EXPORTING COUNTRIES
5. LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION, HARVESTED AREA AND YIELD
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2024
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2024
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO
LIST OF TABLES
1. Key Findings In 2024
2. Market Volume, In Physical Terms, 2012–2024
3. Market Value, 2012–2024
4. Per Capita Consumption In 2012-2024
5. Imports, In Physical Terms, By Country, 2012–2024
6. Imports, In Value Terms, By Country, 2012–2024
7. Import Prices, By Country Of Origin, 2012–2024
8. Exports, In Physical Terms, By Country, 2012–2024
9. Exports, In Value Terms, By Country, 2012–2024
10. Export Prices, By Country Of Destination, 2012–2024
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2024
2. Market Value, 2012–2024
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2024
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2024
5. Trade Balance, In Physical Terms, 2012-2024
6. Trade Balance, In Value Terms, 2012-2024
7. Per Capita Consumption, 2012-2024
8. Market Volume Forecast to 2030
9. Market Value Forecast to 2030
10. Products: Market Size And Growth, By Type
11. Products: Average Per Capita Consumption, By Type
12. Products: Exports And Growth, By Type
13. Products: Export Prices And Growth, By Type
14. Production Volume And Growth
15. Yield And Growth
16. Exports And Growth
17. Export Prices And Growth
18. Market Size And Growth
19. Per Capita Consumption
20. Imports And Growth
21. Import Prices
22. Production, In Physical Terms, 2012–2024
23. Production, In Value Terms, 2012–2024
24. Area Harvested, 2012–2024
25. Yield, 2012–2024
26. Imports, In Physical Terms, 2012–2024
27. Imports, In Value Terms, 2012–2024
28. Imports, In Physical Terms, By Country, 2024
29. Imports, In Physical Terms, By Country, 2012–2024
30. Imports, In Value Terms, By Country, 2012–2024
31. Import Prices, By Country Of Origin, 2012–2024
32. Exports, In Physical Terms, 2012–2024
33. Exports, In Value Terms, 2012–2024
34. Exports, In Physical Terms, By Country, 2024
35. Exports, In Physical Terms, By Country, 2012–2024
36. Exports, In Value Terms, By Country, 2012–2024
37. Export Prices, By Country Of Destination, 2012–2024