Singapore: Market for Jams, Jellies, Puree And Pastes 2024

Market Size for Jams, Jellies, Puree And Pastes in Singapore

The Singaporean market for jams, jellies, puree and pastes rose rapidly to $X in 2021, increasing by 8% against the previous year. The market value increased at an average annual rate of +3.0% over the period from 2012 to 2021; the trend pattern remained relatively stable, with only minor fluctuations being observed in certain years. As a result, consumption reached the peak level of $X. From 2014 to 2021, the growth of the market remained at a lower figure.

Production of Jams, Jellies, Puree And Pastes in Singapore

In value terms, jam, jelly, puree and paste production rose to $X in 2021 estimated in export price. The total output value increased at an average annual rate of +2.4% from 2012 to 2021; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2013 with an increase of 59%. As a result, production attained the peak level of $X. From 2014 to 2021, production growth remained at a somewhat lower figure.

Exports of Jams, Jellies, Puree And Pastes

Exports from Singapore

In 2021, approx. X tons of jams, jellies, puree and pastes were exported from Singapore; surging by 91% on the year before. In general, exports, however, showed a relatively flat trend pattern. Over the period under review, the exports reached the maximum at X tons in 2015; however, from 2016 to 2021, the exports remained at a lower figure.

In value terms, jam, jelly, puree and paste exports surged to $X in 2021. Overall, exports, however, recorded a perceptible contraction. The exports peaked at $X in 2015; however, from 2016 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

Malaysia (X tons) was the main destination for jam, jelly, puree and paste exports from Singapore, with a 35% share of total exports. Moreover, jam, jelly, puree and paste exports to Malaysia exceeded the volume sent to the second major destination, Brunei Darussalam (X tons), twofold. The third position in this ranking was taken by Australia (X tons), with an 8% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to Malaysia stood at -1.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: Brunei Darussalam (+0.3% per year) and Australia (+0.8% per year).

In value terms, Malaysia ($X), China ($X) and Brunei Darussalam ($X) were the largest markets for jam, jelly, puree and paste exported from Singapore worldwide, with a combined 62% share of total exports.

China, with a CAGR of +43.3%, recorded the highest rates of growth with regard to the value of exports, among the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2021, the average export price for jams, jellies, puree and pastes amounted to $X per ton, shrinking by -8.2% against the previous year. Overall, the export price showed a pronounced descent. The growth pace was the most rapid in 2016 when the average export price increased by 12%. Over the period under review, the average export prices reached the maximum at $X per ton in 2018; however, from 2019 to 2021, the export prices remained at a lower figure.

Prices varied noticeably country of destination: the country with the highest price was China ($X per ton), while the average price for exports to Papua New Guinea ($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 China (+16.3%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Jams, Jellies, Puree And Pastes

Imports into Singapore

In 2021, after two years of decline, there was significant growth in purchases abroad of jams, jellies, puree and pastes, when their volume increased by 24% to X tons. The total import volume increased at an average annual rate of +1.9% from 2012 to 2021; the trend pattern remained relatively stable, with only minor fluctuations in certain years. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, jam, jelly, puree and paste imports surged to $X in 2021. The total import value increased at an average annual rate of +1.9% from 2012 to 2021; the trend pattern remained relatively stable, with only minor fluctuations being recorded throughout the analyzed period. Imports peaked at $X in 2013; however, from 2014 to 2021, imports stood at a somewhat lower figure.

Imports by Country

Malaysia (X tons), France (X tons) and India (X tons) were the main suppliers of jam, jelly, puree and paste imports to Singapore, with a combined 46% share of total imports. Thailand, Taiwan (Chinese), Australia, the United States, China, the UK, the Philippines, Vietnam, Belgium and Poland lagged somewhat behind, together comprising a further 41%.

From 2012 to 2021, the biggest increases were recorded for Vietnam (with a CAGR of +81.3%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest jam, jelly, puree and paste suppliers to Singapore were France ($X), Malaysia ($X) and Thailand ($X), with a combined 49% share of total imports. Taiwan (Chinese), Australia, India, the United States, the UK, China, the Philippines, Vietnam, Belgium and Poland lagged somewhat behind, together comprising a further 36%.

Vietnam, with a CAGR of +73.1%, saw the highest growth rate of the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average import price for jams, jellies, puree and pastes stood at $X per ton in 2021, approximately equating the previous year. Overall, the import price, however, continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2019 an increase of 11%. Over the period under review, average import prices reached the peak figure at $X per ton in 2013; however, from 2014 to 2021, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major supplying countries. In 2021, the country with the highest price was France ($X per ton), while the price for India ($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 (+4.3%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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