Singapore: Market for Fresh cheese (unripened or uncured cheese), including whey cheese and curd 2021

Market Size for Fresh cheese (unripened or uncured cheese), including whey cheese and curd in Singapore

In 2020, the Singaporean market for fresh cheese (unripened or uncured cheese), including whey cheese and curd increased by X% to $X, rising for the third year in a row after two years of decline. The market value increased at an average annual rate of +X% from 2007 to 2020; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2010 when the market value increased by X% year-to-year. Over the period under review, the market reached the maximum level in 2020 and is expected to retain growth in the immediate term.

Production of Fresh cheese (unripened or uncured cheese), including whey cheese and curd in Singapore

In value terms, production of fresh cheese (unripened or uncured cheese), including whey cheese and curd rose markedly to $X in 2020 estimated in export prices. The total output value increased at an average annual rate of +X% from 2007 to 2020; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2010 with an increase of X% y-o-y. As a result, production reached the peak level of $X. From 2011 to 2020, production growth remained at a somewhat lower figure.

Exports of Fresh cheese (unripened or uncured cheese), including whey cheese and curd

Exports from Singapore

In 2020, exports of fresh cheese (unripened or uncured cheese), including whey cheese and curd from Singapore amounted to X tons, therefore, remained relatively stable against 2019 figures. Over the period under review, exports enjoyed a slight expansion. The most prominent rate of growth was recorded in 2010 with an increase of X% year-to-year. Over the period under review, exports attained the maximum in 2020 and are likely to see gradual growth in the near future.

In value terms, exports of fresh cheese (unripened or uncured cheese), including whey cheese and curd rose slightly to $X in 2020. In general, exports recorded a perceptible expansion. The pace of growth appeared the most rapid in 2010 with an increase of X% against the previous year. Over the period under review, exports attained the maximum at $X in 2015; however, from 2016 to 2020, exports failed to regain the momentum.

Exports by Country

Hong Kong SAR (X tons) was the main destination for exports of fresh cheese (unripened or uncured cheese), including whey cheese and curd from Singapore, with a approx. X% share of total exports.

From 2007 to 2020, the average annual growth rate of volume to Hong Kong SAR stood at +X%.

In value terms, Hong Kong SAR ($X) also remains the key foreign market for fresh cheese (unripened or uncured cheese), including whey cheese and curd exports from Singapore.

From 2007 to 2020, the average annual rate of growth in terms of value to Hong Kong SAR amounted to +X%.

Export Prices by Country

The average export price for fresh cheese (unripened or uncured cheese), including whey cheese and curd stood at $X per ton in 2020, remaining stable against the previous year. In general, export price indicated a mild increase from 2007 to 2020: its price increased at an average annual rate of +X% over the last thirteen years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2020 figures, export price for fresh cheese (unripened or uncured cheese), including whey cheese and curd increased by +X% against 2017 indices. The pace of growth was the most pronounced in 2010 when the average export price increased by X% against the previous year. The export price peaked at $X per ton in 2015; however, from 2016 to 2020, export prices remained at a lower figure.

As there is only one major export destination, the average price level is determined by prices for Hong Kong SAR.

From 2007 to 2020, the rate of growth in terms of prices for Hong Kong SAR amounted to +X% per year.

Imports of Fresh cheese (unripened or uncured cheese), including whey cheese and curd

Imports into Singapore

In 2020, overseas purchases of fresh cheese (unripened or uncured cheese), including whey cheese and curd decreased by -X% to X tons for the first time since 2016, thus ending a three-year rising trend. Overall, imports, however, continue to indicate a prominent expansion. The pace of growth was the most pronounced in 2008 when imports increased by X% against the previous year. Imports peaked at X tons in 2019, and then dropped remarkably in the following year.

In value terms, imports of fresh cheese (unripened or uncured cheese), including whey cheese and curd shrank markedly to $X in 2020. Over the period under review, imports, however, showed a prominent increase. The growth pace was the most rapid in 2010 when imports increased by X% year-to-year. Imports peaked at $X in 2019, and then contracted significantly in the following year.

Imports by Country

In 2020, the U.S. (X tons) constituted the largest fresh cheese (unripened or uncured cheese), including whey cheese and curd supplier to Singapore, accounting for a X% share of total imports. Moreover, imports of fresh cheese (unripened or uncured cheese), including whey cheese and curd from the U.S. exceeded the figures recorded by the second-largest supplier, India (X tons), threefold. Denmark (X tons) ranked third in terms of total imports with a X% share.

From 2007 to 2020, the average annual rate of growth in terms of volume from the U.S. amounted to +X%. The remaining supplying countries recorded the following average annual rates of imports growth: India (+X% per year) and Denmark (+X% per year).

In value terms, the U.S. ($X) constituted the largest supplier of fresh cheese (unripened or uncured cheese), including whey cheese and curd to Singapore, comprising X% of total imports. The second position in the ranking was occupied by Italy ($X), with a X% share of total imports. It was followed by Denmark, with a X% share.

From 2007 to 2020, the average annual rate of growth in terms of value from the U.S. amounted to +X%. The remaining supplying countries recorded the following average annual rates of imports growth: Italy (+X% per year) and Denmark (+X% per year).

Import Prices by Country

The average import price for fresh cheese (unripened or uncured cheese), including whey cheese and curd stood at $X per ton in 2020, which is down by -X% against the previous year. Over the period under review, the import price continues to indicate a mild curtailment. The pace of growth appeared the most rapid in 2013 when the average import price increased by X% against the previous year. As a result, import price reached the peak level of $X per ton. From 2014 to 2020, the growth in terms of the average import prices remained at a somewhat lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2020, the country with the highest price was Italy ($X per ton), while the price for India ($X per ton) was amongst the lowest.

From 2007 to 2020, the most notable rate of growth in terms of prices was attained by the U.S., while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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