Singapore: Market for Grapefruit Juice (Single Strength) 2024

Market Size for Grapefruit Juice (Single Strength) in Singapore

After three years of decline, the Singaporean grapefruit juice (single strength) market increased by 8.9% to $X in 2021. Overall, consumption, however, saw a pronounced setback. Over the period under review, the market attained the peak level at $X in 2012; however, from 2013 to 2021, consumption failed to regain momentum.

Exports of Grapefruit Juice (Single Strength)

Exports from Singapore

In 2021, the amount of grapefruit juice (single strength) exported from Singapore declined sharply to X tons, waning by -47.1% compared with the year before. Over the period under review, exports faced a deep reduction. The most prominent rate of growth was recorded in 2017 with an increase of 871% against the previous year. The exports peaked at X tons in 2012; however, from 2013 to 2021, the exports failed to regain momentum.

In value terms, grapefruit juice (single strength) exports amounted to $X in 2021. Overall, exports continue to indicate a deep setback. The most prominent rate of growth was recorded in 2017 with an increase of 731%. As a result, the exports attained the peak of $X. From 2018 to 2021, the growth of the exports failed to regain momentum.

Exports by Country

Hong Kong SAR (X tons) was the main destination for grapefruit juice (single strength) exports from Singapore, accounting for a 84% share of total exports. Moreover, grapefruit juice (single strength) exports to Hong Kong SAR exceeded the volume sent to the second major destination, Taiwan (Chinese) (X kg), tenfold. Indonesia (X kg) ranked third in terms of total exports with a 5.8% share.

From 2012 to 2021, the average annual growth rate of volume to Hong Kong SAR stood at -48.6%. Exports to the other major destinations recorded the following average annual rates of exports growth: Taiwan (Chinese) (+9.9% per year) and Indonesia (-36.1% per year).

In value terms, Hong Kong SAR ($X) remains the key foreign market for grapefruit juice (single strength) exports from Singapore, comprising 71% of total exports. The second position in the ranking was taken by Brunei Darussalam ($X), with a 16% share of total exports. It was followed by Taiwan (Chinese), with an 8.5% share.

From 2012 to 2021, the average annual growth rate of value to Hong Kong SAR totaled -6.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: Brunei Darussalam (+24.6% per year) and Taiwan (Chinese) (+80.5% per year).

Export Prices by Country

In 2021, the average grapefruit juice (single strength) export price amounted to $X per ton, with an increase of 100% against the previous year. Over the period under review, the export price posted a remarkable increase. The most prominent rate of growth was recorded in 2016 an increase of 188% against the previous year. As a result, the export price attained the peak level of $X per ton. From 2017 to 2021, the average export prices remained at a somewhat lower figure.

There were significant differences in the average prices for the major overseas markets. In 2021, amid the top suppliers, the country with the highest price was Brunei Darussalam ($X per ton), while the average price for exports to Indonesia ($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 Timor-Leste (+90.3%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Grapefruit Juice (Single Strength)

Imports into Singapore

In 2021, supplies from abroad of grapefruit juice (single strength) increased by 11% to X tons, rising for the second year in a row after two years of decline. In general, imports, however, saw a perceptible decrease. The pace of growth was the most pronounced in 2016 when imports increased by 71% against the previous year. Imports peaked at X tons in 2017; however, from 2018 to 2021, imports stood at a somewhat lower figure.

In value terms, grapefruit juice (single strength) imports reached $X in 2021. Over the period under review, imports, however, recorded a noticeable decrease. The most prominent rate of growth was recorded in 2017 with an increase of 76%. Over the period under review, imports attained the peak figure at $X in 2012; however, from 2013 to 2021, imports stood at a somewhat lower figure.

Imports by Country

In 2021, South Africa (X tons) constituted the largest grapefruit juice (single strength) supplier to Singapore, with a 55% share of total imports. Moreover, grapefruit juice (single strength) imports from South Africa exceeded the figures recorded by the second-largest supplier, Cyprus (X tons), threefold. The third position in this ranking was taken by Israel (X tons), with a 15% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from South Africa amounted to +29.1%. The remaining supplying countries recorded the following average annual rates of imports growth: Cyprus (-2.6% per year) and Israel (-9.2% per year).

In value terms, South Africa ($X) constituted the largest supplier of grapefruit juice (single strength) to Singapore, comprising 41% of total imports. The second position in the ranking was taken by Israel ($X), with a 20% share of total imports. It was followed by China, with a 16% share.

From 2012 to 2021, the average annual rate of growth in terms of value from South Africa amounted to +25.6%. The remaining supplying countries recorded the following average annual rates of imports growth: Israel (-5.3% per year) and China (+173.5% per year).

Import Prices by Country

The average grapefruit juice (single strength) import price stood at $X per ton in 2021, falling by -8.7% against the previous year. Overall, the import price, however, recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2019 an increase of 52% against the previous year. As a result, import price reached the peak level of $X per ton. From 2020 to 2021, the average import prices remained at a lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2021, amid the top importers, the country with the highest price was China ($X per ton), while the price for Cyprus ($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 (+11.8%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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