Singapore: Frozen Salmonoids Market 2022

Frozen Salmonoids Market Size in Singapore

The Singaporean frozen salmonoids market contracted to $X in 2020, dropping by -X% against the previous year. Overall, consumption, however, enjoyed a temperate increase. The pace of growth was the most pronounced in 2014 with an increase of X% against the previous year. Frozen salmonoids consumption peaked at $X in 2018; however, from 2019 to 2020, consumption remained at a lower figure.

Frozen Salmonoids Production in Singapore

In value terms, frozen salmonoids production shrank modestly to $X in 2020 estimated in export prices. The total output value increased at an average annual rate of +X% from 2007 to 2020; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2010 with an increase of X% year-to-year. As a result, production reached the peak level of $X. from 2011 to 2020, production growth remained at a somewhat lower figure.

Frozen Salmonoids Exports

Exports from Singapore

For the third year in a row, Singapore recorded decline in shipments abroad of frozen salmonoids, which decreased by -X% to X tons in 2020. Overall, exports saw a abrupt curtailment. The pace of growth was the most pronounced in 2010 when exports increased by X% against the previous year. Exports peaked at X tons in 2013; however, from 2014 to 2020, exports remained at a lower figure.

In value terms, frozen salmonoids exports contracted slightly to $X in 2020. In general, exports continue to indicate a abrupt decline. The pace of growth was the most pronounced in 2010 with an increase of X% against the previous year. As a result, exports attained the peak of $X. from 2011 to 2020, the growth exports remained at a lower figure.

Exports by Country

Brunei Darussalam (X tons) was the main destination for frozen salmonoids exports from Singapore, accounting for a X% share of total exports. Moreover, frozen salmonoids exports to Brunei Darussalam exceeded the volume sent to the second major destination, India (X tons), tenfold. Malaysia (X tons) ranked third in terms of total exports with a X% share.

From 2007 to 2020, the average annual growth rate of volume to Brunei Darussalam amounted to +X%. Exports to the other major destinations recorded the following average annual rates of exports growth: India (+X% per year) and Malaysia (-X% per year).

In value terms, Brunei Darussalam ($X) remains the key foreign market for frozen salmonoids exports from Singapore, comprising X% of total exports. The second position in the ranking was occupied by Malaysia ($X), with a X% share of total exports. It was followed by Hong Kong SAR, with a X% share.

From 2007 to 2020, the average annual rate of growth in terms of value to Brunei Darussalam amounted to +X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Malaysia (-X% per year) and Hong Kong SAR (-X% per year).

Export Prices by Country

The average frozen salmonoids export price stood at $X per ton in 2020, waning by -X% against the previous year. Overall, the export price recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2010 an increase of X% year-to-year. As a result, export price reached the peak level of $X per ton. from 2011 to 2020, the growth in terms of the average export prices remained at a lower figure.

There were significant differences in the average prices for the major external markets. In 2020, the country with the highest price was Hong Kong SAR ($X per ton), while the average price for exports to India ($X per ton) was amongst the lowest.

From 2007 to 2020, the most notable rate of growth in terms of prices was recorded for supplies to Brunei Darussalam, while the prices for the other major destinations experienced mixed trend patterns.

Frozen Salmonoids Imports

Imports into Singapore

In 2020, supplies from abroad of frozen salmonoids decreased by -X% to X tons, falling for the second year in a row after three years of growth. Over the period under review, imports, however, continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2012 when imports increased by X% y-o-y. Over the period under review, imports attained the peak figure at X tons in 2018; however, from 2019 to 2020, imports remained at a lower figure.

In value terms, frozen salmonoids imports shrank slightly to $X in 2020. Overall, imports, however, saw a prominent expansion. The most prominent rate of growth was recorded in 2018 when imports increased by X% y-o-y. As a result, imports attained the peak of $X. from 2019 to 2020, the growth imports remained at a somewhat lower figure.

Imports by Country

In 2020, Malaysia (X tons) constituted the largest frozen salmonoids supplier to Singapore, with a X% share of total imports. Moreover, frozen salmonoids imports from Malaysia exceeded the figures recorded by the second-largest supplier, Chile (X tons), fourfold.

From 2007 to 2020, the average annual rate of growth in terms of volume from Malaysia totaled +X%. The remaining supplying countries recorded the following average annual rates of imports growth: Chile (-X% per year) and Japan (-X% per year).

In value terms, Malaysia ($X) constituted the largest supplier of frozen salmonoids to Singapore, comprising X% of total imports. The second position in the ranking was occupied by Chile ($X), with a X% share of total imports.

From 2007 to 2020, the average annual rate of growth in terms of value from Malaysia stood at +X%. The remaining supplying countries recorded the following average annual rates of imports growth: Chile (-X% per year) and Japan (-X% per year).

Import Prices by Country

The average frozen salmonoids import price stood at $X per ton in 2020, picking up by X% against the previous year. Overall, the import price recorded a resilient increase. The pace of growth appeared the most rapid in 2011 when the average import price increased by X% year-to-year. As a result, import price attained the peak level of $X per ton. from 2012 to 2020, the growth in terms of the average import prices remained at a somewhat lower figure.

Average prices varied somewhat amongst the major supplying countries. In 2020, the country with the highest price was Malaysia ($X per ton), while the price for Japan ($X per ton) was amongst the lowest.

From 2007 to 2020, the most notable rate of growth in terms of prices was attained by Malaysia, while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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