Singapore: Concentrated Apple Juice Market 2024

Concentrated Apple Juice Market Size in Singapore

The Singaporean concentrated apple juice market soared to $X in 2021, rising by 52% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). In general, consumption, however, recorded a slight decline. Over the period under review, the market attained the peak level at $X in 2012; however, from 2013 to 2021, consumption remained at a lower figure.

Concentrated Apple Juice Exports

Exports from Singapore

In 2021, overseas shipments of concentrated apple juice decreased by -54.7% to X tons, falling for the second year in a row after two years of growth. Over the period under review, exports showed a pronounced setback. The pace of growth appeared the most rapid in 2014 with an increase of 250% against the previous year. The exports peaked at X tons in 2015; however, from 2016 to 2021, the exports remained at a lower figure.

In value terms, concentrated apple juice exports declined significantly to $X in 2021. In general, exports showed a abrupt slump. The pace of growth appeared the most rapid in 2014 with an increase of 138% against the previous year. The exports peaked at $X in 2015; however, from 2016 to 2021, the exports failed to regain momentum.

Exports by Country

Malaysia (X tons), China (X tons) and Hong Kong SAR (X tons) were the main destinations of concentrated apple juice exports from Singapore, together accounting for 70% of total exports. These countries were followed by Thailand, Papua New Guinea, the Philippines, South Korea and Cambodia, which together accounted for a further 27%.

From 2012 to 2021, the biggest increases were recorded for Thailand (with a CAGR of +73.1%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Malaysia ($X), China ($X) and Hong Kong SAR ($X) were the largest markets for concentrated apple juice exported from Singapore worldwide, with a combined 70% share of total exports. These countries were followed by Thailand, Papua New Guinea, the Philippines, South Korea and Cambodia, which together accounted for a further 25%.

Among the main countries of destination, Thailand, with a CAGR of +63.1%, recorded the highest growth rate of 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 concentrated apple juice export price stood at $X per ton in 2021, increasing by 4.6% against the previous year. Overall, the export price, however, recorded a abrupt shrinkage. The most prominent rate of growth was recorded in 2013 an increase of 27% against the previous year. As a result, the export price reached the peak level of $X per ton. From 2014 to 2021, the average export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was South Korea ($X per ton), while the average price for exports to Hong Kong SAR ($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 South Korea (-0.5%), while the prices for the other major destinations experienced a decline.

Concentrated Apple Juice Imports

Imports into Singapore

In 2021, the amount of concentrated apple juice imported into Singapore rose rapidly to X tons, with an increase of 9.5% compared with the previous year's figure. In general, imports, however, recorded a relatively flat trend pattern. The growth pace was the most rapid in 2015 with an increase of 29%. Over the period under review, imports attained the maximum at X tons in 2016; however, from 2017 to 2021, imports stood at a somewhat lower figure.

In value terms, concentrated apple juice imports soared to $X in 2021. Overall, imports, however, recorded a noticeable reduction. Imports peaked at $X in 2013; however, from 2014 to 2021, imports failed to regain momentum.

Imports by Country

Malaysia (X tons), China (X tons) and Cyprus (X tons) were the main suppliers of concentrated apple juice imports to Singapore, with a combined 73% share of total imports. These countries were followed by Austria, the United States, Japan, Sweden, Israel, Turkey, Australia and South Africa, which together accounted for a further 20%.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Austria (with a CAGR of +114.3%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest concentrated apple juice suppliers to Singapore were China ($X), Malaysia ($X) and Austria ($X), together comprising 66% of total imports.

Austria, with a CAGR of +124.5%, saw 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

The average concentrated apple juice import price stood at $X per ton in 2021, with an increase of 26% against the previous year. Overall, the import price, however, showed a mild shrinkage. The import price peaked at $X per ton in 2013; however, from 2014 to 2021, import prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Japan ($X per ton), while the price for Cyprus ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Sweden (+11.6%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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