Singapore: Non-Wheat Groats Market 2024

Non-Wheat Groats Market Size in Singapore

In 2021, the Singaporean non-wheat groats market was finally on the rise to reach $X for the first time since 2018, thus ending a two-year declining trend. Over the period under review, the total consumption indicated notable growth from 2012 to 2021: its value increased at an average annual rate of +2.2% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Non-wheat groats consumption peaked at $X in 2018; however, from 2019 to 2021, consumption failed to regain momentum.

Non-Wheat Groats Production in Singapore

In value terms, non-wheat groats production rose significantly to $X in 2021 estimated in export price. Overall, the total production indicated a mild increase from 2012 to 2021: its value increased at an average annual rate of +1.6% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, production decreased by -14.9% against 2018 indices. The growth pace was the most rapid in 2017 when the production volume increased by 39% against the previous year. Non-wheat groats production peaked at $X in 2013; however, from 2014 to 2021, production failed to regain momentum.

Non-Wheat Groats Exports

Exports from Singapore

After two years of growth, shipments abroad of groats and meal of cereals (excluding wheat) decreased by -31.7% to X tons in 2021. In general, exports showed a abrupt shrinkage. The most prominent rate of growth was recorded in 2013 with an increase of 73%. As a result, the exports attained the peak of X tons. From 2014 to 2021, the growth of the exports remained at a lower figure.

In value terms, non-wheat groats exports shrank remarkably to $X in 2021. Over the period under review, exports recorded a abrupt setback. The most prominent rate of growth was recorded in 2013 when exports increased by 62% against the previous year. As a result, the exports reached the peak of $X. From 2014 to 2021, the growth of the exports remained at a lower figure.

Exports by Country

Indonesia (X tons) was the main destination for non-wheat groats exports from Singapore, accounting for a 75% share of total exports. Moreover, non-wheat groats exports to Indonesia exceeded the volume sent to the second major destination, Malaysia (X tons), fivefold. Myanmar (X tons) ranked third in terms of total exports with a 5% share.

From 2012 to 2021, the average annual growth rate of volume to Indonesia totaled -17.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: Malaysia (+2.8% per year) and Myanmar (+5.1% per year).

In value terms, Indonesia ($X) remains the key foreign market for groats and meal of cereals (excluding wheat) exports from Singapore, comprising 61% of total exports. The second position in the ranking was taken by Malaysia ($X), with a 25% share of total exports. It was followed by Myanmar, with a 7.4% share.

From 2012 to 2021, the average annual rate of growth in terms of value to Indonesia totaled -10.9%. Exports to the other major destinations recorded the following average annual rates of exports growth: Malaysia (-0.2% per year) and Myanmar (+11.9% per year).

Export Prices by Country

The average non-wheat groats export price stood at $X per ton in 2021, rising by 17% against the previous year. In general, the export price saw a strong increase. The most prominent rate of growth was recorded in 2018 when the average export price increased by 44%. Over the period under review, the average export prices attained the peak figure in 2021 and is likely to continue growth in the near future.

There were significant differences in the average prices for the major external markets. In 2021, amid the top suppliers, the country with the highest price was Malaysia ($X per ton), while the average price for exports to Indonesia ($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 Indonesia (+7.5%), while the prices for the other major destinations experienced mixed trend patterns.

Non-Wheat Groats Imports

Imports into Singapore

In 2021, non-wheat groats imports into Singapore skyrocketed to X tons, with an increase of 614% compared with the year before. Overall, imports recorded a significant increase. The most prominent rate of growth was recorded in 2018 with an increase of 684%. As a result, imports reached the peak of X tons. From 2019 to 2021, the growth of imports remained at a lower figure.

In value terms, non-wheat groats imports skyrocketed to $X in 2021. In general, imports showed buoyant growth. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2021, Malaysia (X tons) was the main non-wheat groats supplier to Singapore, with a 92% share of total imports. It was followed by Taiwan (Chinese) (X tons), with a 2.1% share of total imports. The third position in this ranking was taken by Ukraine (X tons), with a 1.9% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from Malaysia stood at +48.2%. The remaining supplying countries recorded the following average annual rates of imports growth: Taiwan (Chinese) (+10.7% per year) and Ukraine (+2,719.0% per year).

In value terms, Malaysia ($X) constituted the largest supplier of groats and meal of cereals (excluding wheat) to Singapore, comprising 84% of total imports. The second position in the ranking was taken by Taiwan (Chinese) ($X), with a 7.5% share of total imports. It was followed by Ukraine, with a 0.9% share.

From 2012 to 2021, the average annual rate of growth in terms of value from Malaysia stood at +43.2%. The remaining supplying countries recorded the following average annual rates of imports growth: Taiwan (Chinese) (+6.9% per year) and Ukraine (+2,671.2% per year).

Import Prices by Country

The average non-wheat groats import price stood at $X per ton in 2021, reducing by -22.8% against the previous year. Over the period under review, the import price continues to indicate a mild setback. The most prominent rate of growth was recorded in 2019 an increase of 124% against the previous year. Over the period under review, average import prices reached the maximum at $X per ton in 2017; however, from 2018 to 2021, import prices failed to regain momentum.

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 Taiwan (Chinese) ($X per ton), while the price for Ukraine ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by India (+2.9%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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