Singapore: Market for Concentrated Lemon And Other Citrus Fruit Juice 2024

Market Size for Concentrated Lemon And Other Citrus Fruit Juice in Singapore

The Singaporean market for concentrated lemon and other citrus fruit juice soared to $X in 2021, surging by 16% 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 continues to indicate resilient growth. Consumption of peaked at $X in 2019; however, from 2020 to 2021, consumption failed to regain momentum.

Exports of Concentrated Lemon And Other Citrus Fruit Juice

Exports from Singapore

In 2021, exports of concentrated lemon and other citrus fruit juice from Singapore contracted dramatically to X tons, which is down by -26.4% compared with the previous year. Over the period under review, exports showed a deep downturn. The most prominent rate of growth was recorded in 2016 with an increase of 80%. As a result, the exports attained the peak of X tons. From 2017 to 2021, the growth of the exports of failed to regain momentum.

In value terms, exports of concentrated lemon and other citrus fruit juice shrank remarkably to $X in 2021. In general, exports recorded a deep reduction. The most prominent rate of growth was recorded in 2013 with an increase of 68% against the previous year. As a result, the exports reached the peak of $X. From 2014 to 2021, the growth of the exports of remained at a lower figure.

Exports by Country

Myanmar (X tons), Seychelles (X tons) and Malaysia (X tons) were the main destinations of exports of concentrated lemon and other citrus fruit juice from Singapore, with a combined 79% share of total exports. Micronesia, Timor-Leste, Oman, Brunei Darussalam and Indonesia lagged somewhat behind, together comprising a further 17%.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Timor-Leste (with a CAGR of +59.2%), while the other leaders experienced more modest paces of growth.

In value terms, Malaysia ($X) remains the key foreign market for concentrated lemon and other citrus fruit juice exports from Singapore, comprising 47% of total exports. The second position in the ranking was taken by Seychelles ($X), with a 16% share of total exports. It was followed by Micronesia, with an 8.8% share.

From 2012 to 2021, the average annual growth rate of value to Malaysia totaled -11.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: Seychelles (+19.1% per year) and Micronesia (+67.4% per year).

Export Prices by Country

In 2021, the average export price for concentrated lemon and other citrus fruit juice amounted to $X per ton, which is down by -1.9% against the previous year. Over the period under review, the export price recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 an increase of 93%. As a result, the export price reached the peak level of $X per ton. From 2018 to 2021, the average export prices remained at a somewhat lower figure.

Prices varied noticeably country of destination: the country with the highest price was Brunei Darussalam ($X per ton), while the average price for exports to Myanmar ($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 Micronesia (+35.7%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Concentrated Lemon And Other Citrus Fruit Juice

Imports into Singapore

Imports of concentrated lemon and other citrus fruit juice into Singapore expanded sharply to X tons in 2021, increasing by 6.8% on 2020 figures. In general, imports recorded a buoyant expansion. The most prominent rate of growth was recorded in 2015 with an increase of 87%. Over the period under review, imports of reached the peak figure at X tons in 2019; however, from 2020 to 2021, imports remained at a lower figure.

In value terms, imports of concentrated lemon and other citrus fruit juice skyrocketed to $X in 2021. Overall, imports showed a resilient increase. The pace of growth was the most pronounced in 2015 when imports increased by 73% against the previous year. Over the period under review, imports of reached the maximum at $X in 2019; afterwards, it flattened through to 2021.

Imports by Country

Malaysia (X tons), Thailand (X tons) and Indonesia (X tons) were the main suppliers of imports of concentrated lemon and other citrus fruit juice to Singapore, with a combined 90% share of total imports.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Indonesia (with a CAGR of +33.1%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Malaysia ($X) constituted the largest supplier of concentrated lemon and other citrus fruit juice to Singapore, comprising 48% of total imports. The second position in the ranking was taken by Thailand ($X), with an 11% share of total imports. It was followed by Indonesia, with an 11% share.

From 2012 to 2021, the average annual rate of growth in terms of value from Malaysia stood at +11.9%. The remaining supplying countries recorded the following average annual rates of imports growth: Thailand (+16.4% per year) and Indonesia (+28.0% per year).

Import Prices by Country

The average import price for concentrated lemon and other citrus fruit juice stood at $X per ton in 2021, with an increase of 12% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +1.7%. The pace of growth was the most pronounced in 2014 when the average import price increased by 32%. As a result, import price reached the peak level of $X per ton. From 2015 to 2021, the average import prices remained at a lower figure.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Japan (+24.7%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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