Singapore: Candied Fruit Market 2025

Candied Fruit Market Size in Singapore

The Singaporean candied fruit market dropped rapidly to $X in 2021, reducing by -33% 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). Over the period under review, consumption saw a abrupt setback. Over the period under review, the market hit record highs at $X in 2012; however, from 2013 to 2021, consumption stood at a somewhat lower figure.

Candied Fruit Exports

Exports from Singapore

In 2021, exports of candied fruits from Singapore dropped dramatically to X tons, which is down by -24.7% on 2020 figures. In general, exports saw a deep reduction. The pace of growth was the most pronounced in 2013 when exports increased by 21%. As a result, the exports attained the peak of X tons. From 2014 to 2021, the growth of the exports remained at a lower figure.

In value terms, candied fruit exports dropped remarkably to $X in 2021. Over the period under review, exports saw a abrupt downturn. The most prominent rate of growth was recorded in 2013 when exports increased by 11%. As a result, the exports attained the peak of $X. From 2014 to 2021, the growth of the exports remained at a somewhat lower figure.

Exports by Country

Malaysia (X tons) was the main destination for candied fruit exports from Singapore, with a 41% share of total exports. Moreover, candied fruit exports to Malaysia exceeded the volume sent to the second major destination, French Polynesia (X tons), threefold. Hong Kong SAR (X tons) ranked third in terms of total exports with a 9.9% share.

From 2012 to 2021, the average annual growth rate of volume to Malaysia amounted to -12.3%. Exports to the other major destinations recorded the following average annual rates of exports growth: French Polynesia (-1.3% per year) and Hong Kong SAR (+1.9% per year).

In value terms, Malaysia ($X) remains the key foreign market for candied fruit exports from Singapore, comprising 45% of total exports. The second position in the ranking was held by French Polynesia ($X), with a 17% share of total exports. It was followed by Indonesia, with a 6.4% share.

From 2012 to 2021, the average annual growth rate of value to Malaysia stood at -11.3%. Exports to the other major destinations recorded the following average annual rates of exports growth: French Polynesia (-3.0% per year) and Indonesia (-16.6% per year).

Export Prices by Country

The average candied fruit export price stood at $X per ton in 2021, increasing by 4.1% against the previous year. Overall, the export price saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2018 when the average export price increased by 8%. Over the period under review, the average export prices hit record highs in 2021 and is likely to see gradual growth in the near future.

There were significant differences in the average prices for the major foreign markets. In 2021, the country with the highest price was Fiji ($X per ton), while the average price for exports to Hong Kong SAR ($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 Australia (+7.8%), while the prices for the other major destinations experienced more modest paces of growth.

Candied Fruit Imports

Imports into Singapore

For the sixth consecutive year, Singapore recorded decline in purchases abroad of candied fruits, which decreased by -42.6% to X tons in 2021. In general, imports showed a abrupt curtailment. The pace of growth was the most pronounced in 2013 with an increase of 5.4% against the previous year. As a result, imports attained the peak of X tons. From 2014 to 2021, the growth of imports remained at a somewhat lower figure.

In value terms, candied fruit imports contracted rapidly to $X in 2021. Overall, imports continue to indicate a abrupt setback. The most prominent rate of growth was recorded in 2015 with an increase of 3.1%. Imports peaked at $X in 2013; however, from 2014 to 2021, imports remained at a lower figure.

Imports by Country

In 2021, China (X tons) constituted the largest candied fruit supplier to Singapore, accounting for a 51% share of total imports. Moreover, candied fruit imports from China exceeded the figures recorded by the second-largest supplier, Malaysia (X tons), twofold. Thailand (X tons) ranked third in terms of total imports with a 5.4% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from China stood at -11.5%. The remaining supplying countries recorded the following average annual rates of imports growth: Malaysia (-2.7% per year) and Thailand (-10.1% per year).

In value terms, China ($X) constituted the largest supplier of candied fruit to Singapore, comprising 55% of total imports. The second position in the ranking was held by Malaysia ($X), with a 24% share of total imports. It was followed by Thailand, with a 5.8% share.

From 2012 to 2021, the average annual rate of growth in terms of value from China stood at -8.0%. The remaining supplying countries recorded the following average annual rates of imports growth: Malaysia (-2.1% per year) and Thailand (-5.0% per year).

Import Prices by Country

The average candied fruit import price stood at $X per ton in 2021, surging by 35% against the previous year. Over the last nine years, it increased at an average annual rate of +3.6%. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Taiwan (Chinese) (+6.0%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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