Report Update Nov 1, 2024

Singapore - Fresh or Chilled Salmonoids Meat - Market Analysis, Forecast, Size, Trends and Insights

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Singapore: Market for Fresh Or Chilled Salmonoids Meat 2024

Market Size for Fresh Or Chilled Salmonoids Meat in Singapore

In 2022, the Singaporean market for fresh or chilled salmonoids meat increased by 30% to $X, rising for the second year in a row after five years of decline. Over the period under review, consumption continues to indicate a prominent increase. Over the period under review, the market reached the maximum level at $X in 2015; however, from 2016 to 2022, consumption remained at a lower figure.

Production of Fresh Or Chilled Salmonoids Meat in Singapore

In value terms, fresh or chilled salmonoids meat production dropped modestly to $X in 2022 estimated in export price. Overall, production showed a pronounced reduction. The most prominent rate of growth was recorded in 2014 when the production volume increased by 31% against the previous year. Over the period under review, production hit record highs at $X in 2015; however, from 2016 to 2022, production stood at a somewhat lower figure.

Exports of Fresh Or Chilled Salmonoids Meat

Exports from Singapore

Fresh or chilled salmonoids meat exports from Singapore amounted to X kg in 2019, stabilizing at 2018. In general, exports showed a dramatic downturn. The smallest decline of -7.4% was in 2013. Over the period under review, the exports attained the peak figure at X tons in 2012; however, from 2013 to 2019, the exports remained at a lower figure.

In value terms, fresh or chilled salmonoids meat exports totaled $X in 2019. Overall, exports continue to indicate a significant curtailment. The pace of growth was the most pronounced in 2013 with an increase of 27% against the previous year. As a result, the exports attained the peak of $X. From 2014 to 2019, the growth of the exports failed to regain momentum.

Exports by Country

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

From 2012 to 2019, the average annual rate of growth in terms of volume to Brunei Darussalam amounted to +35.6%.

From 2012 to 2019, the average annual rate of growth in terms of value to Brunei Darussalam amounted to -34.7%.

Export Prices by Country

The average export price for fresh or chilled salmonoids meat stood at $X per ton in 2019, standing approx. at the previous year. In general, the export price showed a deep reduction. The most prominent rate of growth was recorded in 2013 an increase of 37%. As a result, the export price attained the peak level of $X per ton. From 2014 to 2019, the average export prices remained at a lower figure.

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

From 2012 to 2019, the rate of growth in terms of prices for Malaysia amounted to +10.7% per year.

Imports of Fresh Or Chilled Salmonoids Meat

Imports into Singapore

In 2022, the amount of fresh or chilled salmonoids meat imported into Singapore soared to X tons, surging by 20,977% on the year before. Over the period under review, imports recorded a significant expansion. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, fresh or chilled salmonoids meat imports soared to $X in 2022. Overall, imports posted a resilient increase. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2022, Thailand (X tons) constituted the largest fresh or chilled salmonoids meat supplier to Singapore, with a 85% share of total imports. Moreover, fresh or chilled salmonoids meat imports from Thailand exceeded the figures recorded by the second-largest supplier, Japan (X kg), sixfold.

From 2012 to 2022, the average annual rate of growth in terms of volume from Thailand stood at +371.1%.

In value terms, Thailand ($X) constituted the largest supplier of fresh or chilled salmonoids meat to Singapore, comprising 86% of total imports. The second position in the ranking was held by Japan ($X), with a 14% share of total imports.

From 2012 to 2022, the average annual rate of growth in terms of value from Thailand stood at +650.5%.

Import Prices by Country

The average import price for fresh or chilled salmonoids meat stood at $X per ton in 2022, surging by 32% against the previous year. Overall, the import price, however, continues to indicate a deep setback. The growth pace was the most rapid in 2019 an increase of 221%. The import price peaked at $X per ton in 2012; however, from 2013 to 2022, import prices stood at a somewhat lower figure.

Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Thailand ($X per ton), while the price for Japan totaled $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Thailand (+59.3%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for fresh or chilled salmonoids meat in the world?

The countries with the highest volumes of in 2021 were Norway, Japan and the United States, with a combined 56% share of global consumption. Canada, Vietnam, Denmark and Poland lagged somewhat behind, together comprising a further 24%.

What are the largest producers of fresh or chilled salmonoids meat in the world?

Chile constituted the country with the largest volume of fresh or chilled salmonoids meat production, accounting for 47% of total volume. Moreover, fresh or chilled salmonoids meat production in Chile exceeded the figures recorded by the second-largest producer, Norway, twofold. The third position in this ranking was occupied by Vietnam, with an 8.2% share.

What are the leading suppliers of fresh or chilled salmonoids meat to Singapore?

In value terms, New Zealand constituted the largest supplier of fresh or chilled salmonoids meat to Singapore, comprising 97% of total imports. The second position in the ranking was occupied by Australia $364), with a 2% share of total imports.

What is the average export price for fresh or chilled salmonoids meat in Singapore?

The average export price for fresh or chilled salmonoids meat stood at $14,711 per ton in 2019, stabilizing at the previous year.

What is the average import price for fresh or chilled salmonoids meat in Singapore?

The average import price for fresh or chilled salmonoids meat stood at $17,948 per ton in 2021, falling by -7.3% against the previous year.

This report provides an in-depth analysis of the market for fresh or chilled salmonoids meat in Singapore. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.

Product coverage:

Country coverage:

Singapore

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in Singapore
Export and import prices
Market trends, drivers and restraints
Key market players and their profiles

Reasons to buy this report:

Take advantage of the latest data
Find deeper insights into current market developments
Discover vital success factors affecting the market

This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:

How to diversify your business and benefit from new market opportunities
How to load your idle production capacity
How to boost your sales on overseas markets
How to increase your profit margins
How to make your supply chain more sustainable
How to reduce your production and supply chain costs
How to outsource production to other countries
How to prepare your business for global expansion

While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.

1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business
1. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects
1. MARKET SIZE
2. MARKET STRUCTURE
3. TRADE BALANCE
4. PER CAPITA CONSUMPTION
5. MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. TOP EXPORTING COUNTRIES
4. LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2023
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO
LIST OF TABLES
1. Key Findings In 2023
2. Market Volume, In Physical Terms, 2012–2023
3. Market Value, 2012–2023
4. Per Capita Consumption In 2012-2023
5. Imports, In Physical Terms, By Country, 2012–2023
6. Imports, In Value Terms, By Country, 2012–2023
7. Import Prices, By Country Of Origin, 2012–2023
8. Exports, In Physical Terms, By Country, 2012–2023
9. Exports, In Value Terms, By Country, 2012–2023
10. Export Prices, By Country Of Destination, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
5. Trade Balance, In Physical Terms, 2012-2023
6. Trade Balance, In Value Terms, 2012-2023
7. Per Capita Consumption, 2012-2023
8. Market Volume Forecast to 2030
9. Market Value Forecast to 2030
10. Products: Market Size And Growth, By Type
11. Products: Average Per Capita Consumption, By Type
12. Products: Exports And Growth, By Type
13. Products: Export Prices And Growth, By Type
14. Production Volume And Growth
15. Exports And Growth
16. Export Prices And Growth
17. Market Size And Growth
18. Per Capita Consumption
19. Imports And Growth
20. Import Prices
21. Production, In Physical Terms, 2012–2023
22. Production, In Value Terms, 2012–2023
23. Imports, In Physical Terms, 2012–2023
24. Imports, In Value Terms, 2012–2023
25. Imports, In Physical Terms, By Country, 2023
26. Imports, In Physical Terms, By Country, 2012–2023
27. Imports, In Value Terms, By Country, 2012–2023
28. Import Prices, By Country Of Origin, 2012–2023
29. Exports, In Physical Terms, 2012–2023
30. Exports, In Value Terms, 2012–2023
31. Exports, In Physical Terms, By Country, 2023
32. Exports, In Physical Terms, By Country, 2012–2023
33. Exports, In Value Terms, By Country, 2012–2023
34. Export Prices, By Country Of Destination, 2012–2023