Report Update Nov 1, 2024

Singapore - Inulin - Market Analysis, Forecast, Size, Trends and Insights

Single report

Sent by email within 24h (Mon-Fri)

$599 Basic Edition

$2095 Professional Edition

What's the difference?

Subscription

Online access and download

from $350/month

Get instant access to more than 2 million reports, dashboards, and datasets on the IndexBox Platform.

View Pricing

Singapore: Inulin Market 2024

Inulin Market Size in Singapore

In 2021, after two years of decline, there was growth in the Singaporean inulin market, when its value increased by 3.2% to $X. Overall, consumption enjoyed resilient growth. As a result, consumption reached the peak level of $X. From 2019 to 2021, the growth of the market failed to regain momentum.

Inulin Exports

Exports from Singapore

In 2021, overseas shipments of inulin decreased by -65.7% to X kg, falling for the fifth consecutive year after two years of growth. In general, exports faced a precipitous decrease. The most prominent rate of growth was recorded in 2013 when exports increased by 179%. As a result, the exports reached the peak of X tons. From 2014 to 2021, the growth of the exports remained at a lower figure.

In value terms, inulin exports shrank rapidly to $X in 2021. Overall, exports faced a precipitous curtailment. The pace of growth was the most pronounced in 2019 when exports increased by 72%. Over the period under review, the exports attained the peak figure at $X in 2013; however, from 2014 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

Malaysia (X kg) was the main destination for inulin exports from Singapore, accounting for a 69% share of total exports. Moreover, inulin exports to Malaysia exceeded the volume sent to the second major destination, Japan (X kg), threefold. The third position in this ranking was held by Indonesia (X kg), with a 3.4% share.

From 2012 to 2021, the average annual growth rate of volume to Malaysia stood at -31.7%. Exports to the other major destinations recorded the following average annual rates of exports growth: Japan (-30.3% per year) and Indonesia (-2.1% per year).

In value terms, the largest markets for inulin exported from Singapore were Japan ($X), Malaysia ($X) and Indonesia ($X), together comprising 97% of total exports.

Indonesia, with a CAGR of +14.7%, recorded the highest growth rate of the value of exports, in terms of the main countries of destination over the period under review, while shipments for the other leaders experienced a decline.

Export Prices by Country

The average inulin export price stood at $X per ton in 2021, shrinking by -16.1% against the previous year. Over the period under review, the export price, however, showed buoyant growth. The most prominent rate of growth was recorded in 2019 an increase of 125% against the previous year. Over the period under review, the average export prices reached the maximum at $X per ton in 2020, and then fell dramatically in the following year.

There were significant differences in the average prices for the major export markets. In 2021, amid the top suppliers, the country with the highest price was Japan ($X per ton), while the average price for exports to India ($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 (+16.9%), while the prices for the other major destinations experienced more modest paces of growth.

Inulin Imports

Imports into Singapore

Inulin imports into Singapore expanded modestly to X tons in 2021, growing by 3% compared with 2020 figures. In general, imports enjoyed a strong increase. The pace of growth was the most pronounced in 2018 with an increase of 63% against the previous year. As a result, imports reached the peak of X tons. From 2019 to 2021, the growth of imports failed to regain momentum.

In value terms, inulin imports rose modestly to $X in 2021. Overall, imports recorded resilient growth. The growth pace was the most rapid in 2018 when imports increased by 92% against the previous year. As a result, imports attained the peak of $X. From 2019 to 2021, the growth of imports remained at a lower figure.

Imports by Country

In 2021, Belgium (X tons) constituted the largest inulin supplier to Singapore, with a 64% share of total imports. Moreover, inulin imports from Belgium exceeded the figures recorded by the second-largest supplier, the Netherlands (X tons), threefold. The third position in this ranking was taken by Thailand (X tons), with a 9.1% share.

From 2012 to 2021, the average annual growth rate of volume from Belgium totaled +1.5%. The remaining supplying countries recorded the following average annual rates of imports growth: the Netherlands (+38.3% per year) and Thailand (+1,486.2% per year).

In value terms, Belgium ($X) constituted the largest supplier of inulin to Singapore, comprising 62% of total imports. The second position in the ranking was held by the Netherlands ($X), with a 23% share of total imports. It was followed by Thailand, with an 8.2% share.

From 2012 to 2021, the average annual growth rate of value from Belgium totaled +2.0%. The remaining supplying countries recorded the following average annual rates of imports growth: the Netherlands (+34.2% per year) and Thailand (+1,367.4% per year).

Import Prices by Country

The average inulin import price stood at $X per ton in 2021, almost unchanged from the previous year. Overall, the import price, however, saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2018 an increase of 18% against the previous year. Over the period under review, average import prices reached the maximum at $X per ton in 2019; however, from 2020 to 2021, import prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Malaysia ($X per ton), while the price for Thailand ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Malaysia (+3.0%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for inulin in the world?

The country with the largest volume of inulin consumption was China, comprising approx. 31% of total volume. Moreover, inulin consumption in China exceeded the figures recorded by the second-largest consumer, India, twofold. The United States ranked third in terms of total consumption with an 11% share.

What are the largest producers of inulin in the world?

The country with the largest volume of inulin production was China, accounting for 31% of total volume. Moreover, inulin production in China exceeded the figures recorded by the second-largest producer, India, twofold. The United States ranked third in terms of total production with a 9.7% share.

What are the leading suppliers of inulin to Singapore?

In value terms, Belgium constituted the largest supplier of inulin to Singapore, comprising 80% of total imports. The second position in the ranking was occupied by the Netherlands, with a 9.5% share of total imports. It was followed by Germany, with a 5.3% share.

What are the leading importers of inulin from Singapore?

In value terms, the United States emerged as the key foreign market for inulin exports from Singapore, comprising 73% of total exports. The second position in the ranking was occupied by Japan, with a 20% share of total exports. It was followed by Malaysia, with a 3% share.

What is the average export price for inulin in Singapore?

In 2021, the average inulin export price amounted to $6,640 per ton, increasing by 34% against the previous year.

What is the average import price for inulin in Singapore?

In 2021, the average inulin import price amounted to $3,263 per ton, surging by 3.4% against the previous year.

This report provides an in-depth analysis of the inulin market in Singapore. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.

Product coverage:

Prodcom 10621130 - Inulin

Country coverage:

Singapore

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in Singapore
Export and import prices
Market trends, drivers and restraints
Key market players and their profiles

Reasons to buy this report:

Take advantage of the latest data
Find deeper insights into current market developments
Discover vital success factors affecting the market

This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:

How to diversify your business and benefit from new market opportunities
How to load your idle production capacity
How to boost your sales on overseas markets
How to increase your profit margins
How to make your supply chain more sustainable
How to reduce your production and supply chain costs
How to outsource production to other countries
How to prepare your business for global expansion

While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.

1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business
1. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects
1. MARKET SIZE
2. MARKET STRUCTURE
3. TRADE BALANCE
4. PER CAPITA CONSUMPTION
5. MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. TOP EXPORTING COUNTRIES
4. LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2023
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO
LIST OF TABLES
1. Key Findings In 2023
2. Market Volume, In Physical Terms, 2012–2023
3. Market Value, 2012–2023
4. Per Capita Consumption In 2012-2023
5. Imports, In Physical Terms, By Country, 2012–2023
6. Imports, In Value Terms, By Country, 2012–2023
7. Import Prices, By Country Of Origin, 2012–2023
8. Exports, In Physical Terms, By Country, 2012–2023
9. Exports, In Value Terms, By Country, 2012–2023
10. Export Prices, By Country Of Destination, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
5. Trade Balance, In Physical Terms, 2012-2023
6. Trade Balance, In Value Terms, 2012-2023
7. Per Capita Consumption, 2012-2023
8. Market Volume Forecast to 2030
9. Market Value Forecast to 2030
10. Products: Market Size And Growth, By Type
11. Products: Average Per Capita Consumption, By Type
12. Products: Exports And Growth, By Type
13. Products: Export Prices And Growth, By Type
14. Production Volume And Growth
15. Exports And Growth
16. Export Prices And Growth
17. Market Size And Growth
18. Per Capita Consumption
19. Imports And Growth
20. Import Prices
21. Production, In Physical Terms, 2012–2023
22. Production, In Value Terms, 2012–2023
23. Imports, In Physical Terms, 2012–2023
24. Imports, In Value Terms, 2012–2023
25. Imports, In Physical Terms, By Country, 2023
26. Imports, In Physical Terms, By Country, 2012–2023
27. Imports, In Value Terms, By Country, 2012–2023
28. Import Prices, By Country Of Origin, 2012–2023
29. Exports, In Physical Terms, 2012–2023
30. Exports, In Value Terms, 2012–2023
31. Exports, In Physical Terms, By Country, 2023
32. Exports, In Physical Terms, By Country, 2012–2023
33. Exports, In Value Terms, By Country, 2012–2023
34. Export Prices, By Country Of Destination, 2012–2023