Singapore: Market for Frozen Atlantic Salmon And Danube Salmon 2022

Market Size for Frozen Atlantic Salmon And Danube Salmon in Singapore

The Singaporean market for frozen atlantic salmon and danube salmon shrank to $X in 2021, waning by -X% 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). Overall, consumption, however, enjoyed a modest expansion. As a result, consumption attained the peak level of $X. From 2014 to 2021, the growth of the market remained at a somewhat lower figure.

Exports of Frozen Atlantic Salmon And Danube Salmon

Exports from Singapore

In 2021, approx. X tons of frozen atlantic salmon and danube salmon were exported from Singapore; almost unchanged from the year before. Overall, exports, however, recorded a abrupt descent. The pace of growth was the most pronounced in 2019 with an increase of X% against the previous year. The exports peaked at X tons in 2012; however, from 2013 to 2021, the exports remained at a lower figure.

In value terms, exports of frozen atlantic salmon and danube salmon contracted to $X in 2021. Over the period under review, exports, however, faced a abrupt contraction. The growth pace was the most rapid in 2019 with an increase of X%. Over the period under review, the exports of hit record highs at $X in 2014; however, from 2015 to 2021, the exports failed to regain momentum.

Exports by Country

The Philippines (X tons), the United Arab Emirates (X tons) and Brunei Darussalam (X tons) were the main destinations of exports of frozen atlantic salmon and danube salmon from Singapore, with a combined X% share of total exports. Thailand, India, Myanmar and Sri Lanka lagged somewhat behind, together comprising a further X 2012 to 2021, the biggest increases were in Thailand (with a CAGR of +X%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the Philippines ($X), the United Arab Emirates ($X) and Brunei Darussalam ($X) constituted the largest markets for frozen atlantic salmon and danube salmon exported from Singapore worldwide, together comprising X% of total exports. Thailand, Myanmar, India and Sri Lanka lagged somewhat behind, together accounting for a further X the main countries of destination, Thailand, with a CAGR of +X%, saw the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average export price for frozen atlantic salmon and danube salmon stood at $X per ton in 2021, which is down by -X% against the previous year. Overall, the export price recorded a slight decline. The pace of growth appeared the most rapid in 2013 an increase of X% against the previous year. As a result, the export price reached the peak level of $X per ton. From 2014 to 2021, the the average export prices failed to regain momentum.

There were significant differences in the average prices for the major export markets. In 2021, the country with the highest price was Thailand ($X per ton), while the average price for exports to Sri Lanka ($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 the Philippines (+X%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Frozen Atlantic Salmon And Danube Salmon

Imports into Singapore

In 2021, the amount of frozen atlantic salmon and danube salmon imported into Singapore declined to X tons, which is down by -X% against 2020 figures. Over the period under review, imports showed a relatively flat trend pattern. The growth pace was the most rapid in 2013 when imports increased by X%. As a result, imports attained the peak of X tons. From 2014 to 2021, the growth of imports of remained at a somewhat lower figure.

In value terms, imports of frozen atlantic salmon and danube salmon reduced to $X in 2021. Overall, imports, however, continue to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2013 with an increase of X% against the previous year. Over the period under review, imports of attained the peak figure at $X in 2014; however, from 2015 to 2021, imports remained at a lower figure.

Imports by Country

In 2021, Chile (X tons) constituted the largest supplier of frozen atlantic salmon and danube salmon to Singapore, accounting for a X% share of total imports. Moreover, imports of frozen atlantic salmon and danube salmon from Chile exceeded the figures recorded by the second-largest supplier, Norway (X tons), twofold. The third position in this ranking was taken by the UK (X tons), with a X% share.

From 2012 to 2021, the average annual growth rate of volume from Chile amounted to +X%. The remaining supplying countries recorded the following average annual rates of imports growth: Norway (-X% per year) and the UK (+X% per year).

In value terms, the largest frozen atlantic salmon and danube salmon suppliers to Singapore were Chile ($X), Norway ($X) and Vietnam ($X), together accounting for X% of total imports. These countries were followed by the UK and China, which together accounted for a further X, with a CAGR of +X%, recorded the highest rates of growth with regard to the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2021, the average import price for frozen atlantic salmon and danube salmon amounted to $X per ton, reducing by -X% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +X%. The growth pace was the most rapid in 2016 an increase of X% against the previous year. The import price peaked at $X per ton in 2017; however, from 2018 to 2021, import prices stood at a somewhat lower figure.

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

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

Source: IndexBox Platform

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