Singapore: Market for Fresh Or Chilled Cuts Of Turkey 2025

Market Size for Fresh Or Chilled Cuts Of Turkey in Singapore

After three years of decline, the Singaporean market for fresh or chilled cuts of turkey increased by 3.7% to $X in 2022. Overall, consumption, however, recorded a relatively flat trend pattern. Over the period under review, the market reached the maximum level at $X in 2018; however, from 2019 to 2022, consumption failed to regain momentum.

Exports of Fresh Or Chilled Cuts Of Turkey

Exports from Singapore

After two years of decline, overseas shipments of fresh or chilled cuts of turkey increased by 6.2% to X kg in 2022. Over the period under review, exports, however, saw a sharp curtailment. The most prominent rate of growth was recorded in 2019 with an increase of 411% against the previous year. Over the period under review, the exports attained the maximum at X tons in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

In value terms, fresh or chilled turkey cut exports rose slightly to $X in 2022. In general, exports, however, recorded a dramatic curtailment. The pace of growth appeared the most rapid in 2019 when exports increased by 424% against the previous year. Over the period under review, the exports attained the peak figure at $X in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Brunei Darussalam (X kg) was the main destination for fresh or chilled turkey cut exports from Singapore, accounting for a approx. 100% share of total exports.

From 2012 to 2022, the average annual growth rate of volume to Brunei Darussalam totaled -24.7%.

In value terms, Brunei Darussalam ($X) also remains the key foreign market for fresh or chilled cuts of turkey exports from Singapore.

From 2012 to 2022, the average annual rate of growth in terms of value to Brunei Darussalam totaled -21.2%.

Export Prices by Country

The average export price for fresh or chilled cuts of turkey stood at $X per ton in 2022, shrinking by -2% against the previous year. In general, export price indicated temperate growth from 2012 to 2022: its price increased at an average annual rate of +4.6% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, fresh or chilled turkey cut export price decreased by -3.9% against 2016 indices. The growth pace was the most rapid in 2016 when the average export price increased by 55% against the previous year. As a result, the export price reached the peak level of $X per ton. From 2017 to 2022, the average export prices failed to regain momentum.

As there is only one major export destination, the average price level is determined by prices for Brunei Darussalam.

From 2012 to 2022, the rate of growth in terms of prices for Brunei Darussalam amounted to +4.6% per year.

Imports of Fresh Or Chilled Cuts Of Turkey

Imports into Singapore

In 2022, purchases abroad of fresh or chilled cuts of turkey decreased by -3.7% to X tons for the first time since 2018, thus ending a three-year rising trend. Overall, imports continue to indicate a abrupt decline. The most prominent rate of growth was recorded in 2016 with an increase of 28%. Over the period under review, imports hit record highs at X tons in 2012; however, from 2013 to 2022, imports remained at a lower figure.

In value terms, fresh or chilled turkey cut imports totaled $X in 2022. Over the period under review, imports continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2016 with an increase of 30% against the previous year. Over the period under review, imports hit record highs at $X in 2018; however, from 2019 to 2022, imports failed to regain momentum.

Imports by Country

In 2022, the United States (X tons) was the main supplier of fresh or chilled turkey cut to Singapore, with a approx. 97% share of total imports.

From 2012 to 2022, the average annual rate of growth in terms of volume from the United States amounted to -6.3%.

In value terms, the United States ($X) constituted the largest supplier of fresh or chilled cuts of turkey to Singapore.

From 2012 to 2022, the average annual growth rate of value from the United States totaled -1.4%.

Import Prices by Country

The average import price for fresh or chilled cuts of turkey stood at $X per ton in 2022, surging by 12% against the previous year. In general, import price indicated resilient growth from 2012 to 2022: its price increased at an average annual rate of +5.6% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, fresh or chilled turkey cut import price decreased by -33.2% against 2018 indices. The growth pace was the most rapid in 2014 when the average import price increased by 50% against the previous year. Over the period under review, average import prices reached the peak figure at $X per ton in 2018; however, from 2019 to 2022, import prices failed to regain momentum.

As there is only one major supplying country, the average price level is determined by prices for the United States.

From 2012 to 2022, the rate of growth in terms of prices for the United States amounted to +5.2% per year.

Source: IndexBox Platform

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