Singapore: Market for Jams, Marmalades, Fruit Jellies, Fruit Or Nut Purees And Pastes 2024

Market Size for Jams, Marmalades, Fruit Jellies, Fruit Or Nut Purees And Pastes in Singapore

The Singaporean fruit or nut preserves market shrank slightly to $X in 2021, which is down by -2% against the previous year. In general, the total consumption indicated a moderate expansion from 2012 to 2021: its value increased at an average annual rate of +3.5% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption increased by +8.3% against 2019 indices. As a result, consumption reached the peak level of $X. From 2017 to 2021, the growth of the market remained at a somewhat lower figure.

Production of Jams, Marmalades, Fruit Jellies, Fruit Or Nut Purees And Pastes in Singapore

In value terms, fruit or nut preserves production dropped to $X in 2021 estimated in export price. Over the period under review, the total production indicated a perceptible expansion from 2012 to 2021: its value increased at an average annual rate of +4.9% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, production increased by +7.2% against 2019 indices. The growth pace was the most rapid in 2016 when the production volume increased by 48%. Fruit or nut preserves production peaked at $X in 2017; however, from 2018 to 2021, production stood at a somewhat lower figure.

Exports of Jams, Marmalades, Fruit Jellies, Fruit Or Nut Purees And Pastes

Exports from Singapore

After three years of growth, overseas shipments of jams, marmalades, fruit jellies, fruit or nut purees and pastes decreased by -12.4% to X tons in 2021. Over the period under review, exports saw a mild shrinkage. The most prominent rate of growth was recorded in 2013 when exports increased by 35%. The exports peaked at X tons in 2015; however, from 2016 to 2021, the exports failed to regain momentum.

In value terms, fruit or nut preserves exports shrank markedly to $X in 2021. In general, exports continue to indicate a noticeable curtailment. The most prominent rate of growth was recorded in 2013 when exports increased by 26%. Over the period under review, the exports hit record highs at $X in 2015; however, from 2016 to 2021, the exports remained at a lower figure.

Exports by Country

Malaysia (X tons) was the main destination for fruit or nut preserves exports from Singapore, accounting for a 40% share of total exports. Moreover, fruit or nut preserves exports to Malaysia exceeded the volume sent to the second major destination, Brunei Darussalam (X tons), threefold. Australia (X tons) ranked third in terms of total exports with a 7.9% share.

From 2012 to 2021, the average annual growth rate of volume to Malaysia amounted to -1.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: Brunei Darussalam (-1.8% per year) and Australia (-1.3% per year).

In value terms, China ($X), Malaysia ($X) and Brunei Darussalam ($X) were the largest markets for fruit or nut preserves exported from Singapore worldwide, with a combined 65% share of total exports. Australia, Indonesia, Maldives, Thailand, South Korea, Hong Kong SAR, Papua New Guinea and Myanmar lagged somewhat behind, together accounting for a further 25%.

Papua New Guinea, with a CAGR of +46.8%, saw 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 fruit or nut preserves export price amounted to $X per ton, falling by -19.5% against the previous year. Overall, the export price recorded a perceptible setback. The growth pace was the most rapid in 2016 when the average export price increased by 17% against the previous year. The export price peaked at $X per ton in 2018; however, from 2019 to 2021, the export prices failed to regain momentum.

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 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 (+16.9%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Jams, Marmalades, Fruit Jellies, Fruit Or Nut Purees And Pastes

Imports into Singapore

In 2021, approx. X tons of jams, marmalades, fruit jellies, fruit or nut purees and pastes were imported into Singapore; surging by 10% on 2020. Over the period under review, imports recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2013 with an increase of 12% against the previous year. As a result, imports attained the peak of X tons. From 2014 to 2021, the growth of imports remained at a lower figure.

In value terms, fruit or nut preserves imports surged to $X in 2021. The total import value increased at an average annual rate of +2.5% over the period from 2012 to 2021; the trend pattern remained consistent, with somewhat noticeable fluctuations being recorded throughout the analyzed period. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

Malaysia (X tons), India (X tons) and France (X tons) were the main suppliers of fruit or nut preserves imports to Singapore, together comprising 51% of total imports. Thailand, Taiwan (Chinese), the United States, Turkey, the Philippines, China, Australia, Vietnam, Belgium and the UK lagged somewhat behind, together accounting for a further 38%.

From 2012 to 2021, the biggest increases were recorded for Vietnam (with a CAGR of +90.0%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, France ($X), Malaysia ($X) and Thailand ($X) constituted the largest fruit or nut preserves suppliers to Singapore, together comprising 48% of total imports. These countries were followed by Taiwan (Chinese), Australia, India, the United States, the UK, China, Turkey, the Philippines, Vietnam and Belgium, which together accounted for a further 37%.

Vietnam, with a CAGR of +87.8%, 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 fruit or nut preserves import price stood at $X per ton in 2021, with an increase of 14% against the previous year. Over the last nine-year period, it increased at an average annual rate of +1.6%. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

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 the UK ($X per ton), while the price for India ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by China (+4.7%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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