Singapore: Market for Jellyfish, Dried, Salted Or In Brine, Smoked 2024

Market Size for Jellyfish, Dried, Salted Or In Brine, Smoked in Singapore

In 2022, the Singaporean market for jellyfish, dried, salted or in brine, smoked was finally on the rise to reach $X for the first time since 2019, thus ending a two-year declining trend. Overall, consumption, however, recorded a deep contraction. Over the period under review, the market reached the peak level at $X in 2012; however, from 2013 to 2022, consumption stood at a somewhat lower figure.

Exports of Jellyfish, Dried, Salted Or In Brine, Smoked

Exports from Singapore

In 2022, overseas shipments of jellyfish, dried, salted or in brine, smoked increased by 1,095% to X tons for the first time since 2017, thus ending a four-year declining trend. Overall, exports recorded a moderate expansion. Over the period under review, the exports of reached the peak figure at X tons in 2017; however, from 2018 to 2022, the exports remained at a lower figure.

In value terms, exports of jellyfish, dried, salted or in brine, smoked soared to $X in 2022. Over the period under review, exports continue to indicate a temperate increase. Over the period under review, the exports of hit record highs at $X in 2017; however, from 2018 to 2022, the exports failed to regain momentum.

Exports by Country

Malaysia (X tons) was the main destination for exports of jellyfish, dried, salted or in brine, smoked from Singapore, with a 92% share of total exports. Moreover, exports of jellyfish, dried, salted or in brine, smoked to Malaysia exceeded the volume sent to the second major destination, Indonesia (X kg), more than tenfold.

From 2012 to 2022, the average annual rate of growth in terms of volume to Malaysia stood at +11.9%. Exports to the other major destinations recorded the following average annual rates of exports growth: Indonesia (-2.5% per year) and Brunei Darussalam (-33.6% per year).

In value terms, Malaysia ($X) remains the key foreign market for jellyfish, dried, salted or in brine, smoked exports from Singapore, comprising 93% of total exports. The second position in the ranking was held by Indonesia ($X), with a 5.7% share of total exports.

From 2012 to 2022, the average annual growth rate of value to Malaysia stood at +17.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: Indonesia (-9.0% per year) and Brunei Darussalam (-30.1% per year).

Export Prices by Country

In 2022, the average export price for jellyfish, dried, salted or in brine, smoked amounted to $X per ton, picking up by 56% against the previous year. In general, the export price, however, recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2014 an increase of 81% against the previous year. As a result, the export price reached the peak level of $X per ton. From 2015 to 2022, the average export prices failed to regain momentum.

Prices varied noticeably by country of destination: 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 2022, the most notable rate of growth in terms of prices was recorded for supplies to Brunei Darussalam (+5.3%), while the prices for the other major destinations experienced mixed trend patterns.

Imports of Jellyfish, Dried, Salted Or In Brine, Smoked

Imports into Singapore

In 2022, supplies from abroad of jellyfish, dried, salted or in brine, smoked was finally on the rise to reach X tons after two years of decline. In general, imports, however, showed a deep slump. Imports peaked at X tons in 2017; however, from 2018 to 2022, imports failed to regain momentum.

In value terms, imports of jellyfish, dried, salted or in brine, smoked skyrocketed to $X in 2022. Over the period under review, imports, however, showed a deep contraction. Imports peaked at $X in 2014; however, from 2015 to 2022, imports failed to regain momentum.

Imports by Country

China (X tons), Malaysia (X tons) and Japan (X tons) were the main suppliers of imports of jellyfish, dried, salted or in brine, smoked to Singapore, together accounting for 95% of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Japan (with a CAGR of +11.1%), while imports for the other leaders experienced more modest paces of growth.

In value terms, China ($X), Malaysia ($X) and Japan ($X) were the largest jellyfish, dried, salted or in brine, smoked suppliers to Singapore, with a combined 91% share of total imports.

Japan, with a CAGR of +5.1%, recorded the highest rates of growth with regard to the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the average import price for jellyfish, dried, salted or in brine, smoked amounted to $X per ton, dropping by -7.5% against the previous year. Over the period under review, import price indicated modest growth from 2012 to 2022: its price increased at an average annual rate of +1.2% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, import price for jellyfish, dried, salted or in brine, smoked increased by +65.3% against 2017 indices. The most prominent rate of growth was recorded in 2018 when the average import price increased by 32% against the previous year. The import price peaked at $X per ton in 2021, and then dropped in the following year.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Malaysia (+0.9%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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