Singapore: Lettuce And Chicory Market 2024

Lettuce And Chicory Market Size in Singapore

The Singaporean lettuce and chicory market was estimated at $X in 2022, with an increase of 2.4% against the previous year. The market value increased at an average annual rate of +2.3% over the period from 2012 to 2022; the trend pattern remained consistent, with somewhat noticeable fluctuations being recorded in certain years. Over the period under review, the market hit record highs in 2022 and is expected to retain growth in the immediate term.

Lettuce And Chicory Production in Singapore

In value terms, lettuce and chicory production fell modestly to $X in 2022 estimated in export price. Over the period under review, the total production indicated temperate growth from 2012 to 2022: its value increased at an average annual rate of +3.4% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production decreased by -4.2% against 2019 indices. The growth pace was the most rapid in 2016 when the production volume increased by 21%. Over the period under review, production attained the maximum level at $X in 2019; however, from 2020 to 2022, production failed to regain momentum.

In 2022, the average lettuce and chicory yield in Singapore amounted to X tons per ha, flattening at 2021. In general, the yield showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2018 when the yield increased by 3.2%. As a result, the yield attained the peak level of X tons per ha. From 2019 to 2022, the growth of the average lettuce and chicory yield remained at a lower figure. Despite the increased use of modern agricultural techniques and methods, future yield figures may still be impacted by adverse weather conditions.

In 2022, the total area harvested in terms of lettuce and chicory production in Singapore rose significantly to X ha, surging by 11% against the previous year. Overall, the harvested area, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 with an increase of 23%. Over the period under review, the harvested area dedicated to lettuce and chicory production reached the maximum at X ha in 2018; however, from 2019 to 2022, the harvested area stood at a somewhat lower figure.

Lettuce And Chicory Exports

Exports from Singapore

In 2022, overseas shipments of lettuce and chicory increased by 27% to X tons, rising for the second consecutive year after seven years of decline. Over the period under review, exports, however, showed a dramatic curtailment. The most prominent rate of growth was recorded in 2021 with an increase of 35%. Over the period under review, the exports reached the peak figure at X tons in 2013; however, from 2014 to 2022, the exports stood at a somewhat lower figure.

In value terms, lettuce and chicory exports shrank modestly to $X in 2022. Overall, exports, however, saw a abrupt descent. The most prominent rate of growth was recorded in 2021 when exports increased by 52%. The exports peaked at $X in 2013; however, from 2014 to 2022, the exports remained at a lower figure.

Exports by Country

Malaysia (X tons) was the main destination for lettuce and chicory exports from Singapore, accounting for a 89% share of total exports. Moreover, lettuce and chicory exports to Malaysia exceeded the volume sent to the second major destination, Indonesia (X tons), more than tenfold.

From 2012 to 2022, the average annual rate of growth in terms of volume to Malaysia stood at -20.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: Indonesia (-7.1% per year) and Brunei Darussalam (-17.2% per year).

In value terms, Malaysia ($X) remains the key foreign market for lettuce and chicory exports from Singapore, comprising 87% of total exports. The second position in the ranking was held by Indonesia ($X), with a 7.1% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of value to Malaysia stood at -19.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: Indonesia (-6.3% per year) and Brunei Darussalam (-13.7% per year).

Export Prices by Country

The average lettuce and chicory export price stood at $X per ton in 2022, shrinking by -25% against the previous year. In general, export price indicated a mild increase from 2012 to 2022: its price increased at an average annual rate of +1.7% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2019 an increase of 30%. The export price peaked at $X per ton in 2021, and then dropped remarkably in the following year.

Average prices varied somewhat for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Brunei Darussalam ($X per ton), while the average price for exports to Malaysia ($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 (+4.2%), while the prices for the other major destinations experienced more modest paces of growth.

Lettuce And Chicory Imports

Imports into Singapore

In 2022, overseas purchases of lettuce and chicory increased by 0.7% to X tons, rising for the second consecutive year after two years of decline. Overall, imports continue to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2013 when imports increased by 7.4% against the previous year. Over the period under review, imports hit record highs at X tons in 2018; however, from 2019 to 2022, imports remained at a lower figure.

In value terms, lettuce and chicory imports amounted to $X in 2022. The total import value increased at an average annual rate of +2.0% from 2012 to 2022; the trend pattern remained relatively stable, with only minor fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2021 when imports increased by 8.4% against the previous year. Imports peaked in 2022 and are likely to see gradual growth in years to come.

Imports by Country

In 2022, Malaysia (X tons) constituted the largest lettuce and chicory supplier to Singapore, with a 77% share of total imports. Moreover, lettuce and chicory imports from Malaysia exceeded the figures recorded by the second-largest supplier, China (X tons), fivefold. The Netherlands (X tons) ranked third in terms of total imports with a 1.7% share.

From 2012 to 2022, the average annual growth rate of volume from Malaysia totaled +5.8%. The remaining supplying countries recorded the following average annual rates of imports growth: China (+0.3% per year) and the Netherlands (+12.0% per year).

In value terms, Malaysia ($X) constituted the largest supplier of lettuce and chicory to Singapore, comprising 61% of total imports. The second position in the ranking was held by China ($X), with a 14% share of total imports. It was followed by the Netherlands, with an 11% share.

From 2012 to 2022, the average annual rate of growth in terms of value from Malaysia totaled +5.2%. The remaining supplying countries recorded the following average annual rates of imports growth: China (+2.8% per year) and the Netherlands (+18.6% per year).

Import Prices by Country

In 2022, the average lettuce and chicory import price amounted to $X per ton, picking up by 1.6% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +1.3%. The growth pace was the most rapid in 2014 when the average import price increased by 7% against the previous year. Over the period under review, average import prices attained the peak figure in 2022 and is likely to see gradual growth in the immediate term.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was the United States ($X per ton), while the price for Taiwan (Chinese) ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United States (+24.0%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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