Singapore: Grain Market 2025

Grain Market Size in Singapore

The Singaporean grain market soared to $X in 2022, with an increase of X% against the previous year. The market value increased at an average annual rate of X% from 2012 to 2022; the trend pattern remained consistent, with only minor fluctuations in certain years. As a result, consumption reached the peak level and is likely to continue growth in the immediate term.

Grain Production in Singapore

In value terms, grain production totaled $X in 2022 estimated in export price. The total output value increased at an average annual rate of X% from 2012 to 2022; the trend pattern remained consistent, with only minor fluctuations being observed throughout the analyzed period. The most prominent rate of growth was recorded in 2015 with an increase of X%. As a result, production reached the peak level of $X. From 2016 to 2022, production growth failed to regain momentum.

In 2022, the average yield of grain in Singapore amounted to less than X kg per ha, remaining constant against the previous year. In general, the yield showed a relatively flat trend pattern. Despite the increased use of modern agricultural techniques and methods, future yield figures may still be impacted by adverse weather conditions.

In 2022, the harvested area of grain in Singapore amounted to less than X ha, approximately mirroring the year before. Over the period under review, the harvested area recorded a relatively flat trend pattern.

Grain Exports

Exports from Singapore

For the third consecutive year, Singapore recorded decline in shipments abroad of grain, which decreased by X% to X tons in 2022. Overall, exports showed a abrupt curtailment. The most prominent rate of growth was recorded in 2016 when exports increased by X%. As a result, the exports reached the peak of X tons. From 2017 to 2022, the growth of the exports remained at a lower figure.

In value terms, grain exports declined rapidly to $X in 2022. Over the period under review, exports recorded a noticeable decrease. The growth pace was the most rapid in 2016 when exports increased by X%. As a result, the exports reached the peak of $X. From 2017 to 2022, the growth of the exports remained at a lower figure.

Exports by Country

Malaysia (X tons), the Philippines (X tons) and Brunei Darussalam (X tons) were the main destinations of grain exports from Singapore, together accounting for X% of total exports. Bangladesh, Vietnam, Samoa, Hong Kong SAR, Indonesia, Myanmar, Taiwan (Chinese) and Nigeria lagged somewhat behind, together accounting for a further X%.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Bangladesh (with a CAGR of X%), while the other leaders experienced more modest paces of growth.

In value terms, the Philippines ($X), Bangladesh ($X) and Malaysia ($X) were the largest markets for grain exported from Singapore worldwide, with a combined X% share of total exports.

Among the main countries of destination, Bangladesh, with a CAGR of X%, recorded the highest growth rate of 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 grain export price stood at $X per ton in 2022, falling by X% against the previous year. In general, the export price, however, saw a buoyant expansion. The most prominent rate of growth was recorded in 2020 an increase of X% against the previous year. Over the period under review, the average export prices attained the peak figure at $X per ton in 2021, and then fell in the following year.

There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Nigeria ($X per ton), while the average price for exports to Samoa ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Nigeria (X%), while the prices for the other major destinations experienced more modest paces of growth.

Grain Imports

Imports into Singapore

In 2022, imports of grain into Singapore fell to X tons, declining by X% against the year before. Over the period under review, imports continue to indicate a mild reduction. The pace of growth appeared the most rapid in 2020 when imports increased by X%. Over the period under review, imports attained the maximum at X tons in 2017; however, from 2018 to 2022, imports remained at a lower figure.

In value terms, grain imports soared to $X in 2022. The total import value increased at an average annual rate of X% over the period from 2012 to 2022; the trend pattern remained relatively stable, with only minor fluctuations throughout the analyzed period. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2022, Australia (X tons) constituted the largest supplier of grain to Singapore, with a X% share of total imports. Moreover, grain imports from Australia exceeded the figures recorded by the second-largest supplier, the United States (X tons), twofold. The third position in this ranking was held by Canada (X tons), with a X% share.

From 2012 to 2022, the average annual growth rate of volume from Australia was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (X% per year) and Canada (X% per year).

In value terms, the largest grain suppliers to Singapore were Australia ($X), the United States ($X) and Canada ($X), with a combined X% share of total imports. Malaysia and India lagged somewhat behind, together comprising a further X%.

Among the main suppliers, Malaysia, with a CAGR of X%, saw the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average grain import price stood at $X per ton in 2022, surging by X% against the previous year. Overall, import price indicated a perceptible expansion from 2012 to 2022: its price increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, grain import price increased by X% against 2017 indices. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

Average prices varied somewhat amongst the major supplying countries. In 2022, amid the top importers, the highest price was recorded for prices from the United States ($X per ton) and Canada ($X per ton), while the price for Australia ($X per ton) and India ($X per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by India (X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :