Singapore: Mandarin And Clementine Market 2024

Mandarin And Clementine Market Size in Singapore

The Singaporean mandarin and clementine market expanded slightly to $X in 2022, rising by 2.9% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Over the period under review, the total consumption indicated a remarkable increase from 2012 to 2022: its value increased at an average annual rate of +6.0% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption increased by +49.3% against 2020 indices. Mandarin and clementine consumption peaked in 2022 and is likely to continue growth in the near future.

Mandarin And Clementine Exports

Exports from Singapore

In 2022, mandarin and clementine exports from Singapore fell to X tons, shrinking by -3.5% compared with 2021. Overall, exports saw a mild curtailment. The most prominent rate of growth was recorded in 2021 with an increase of 78%. The exports peaked at X tons in 2014; however, from 2015 to 2022, the exports failed to regain momentum.

In value terms, mandarin and clementine exports expanded to $X in 2022. Over the period under review, exports continue to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2021 with an increase of 81%. The exports peaked at $X in 2014; however, from 2015 to 2022, the exports remained at a lower figure.

Exports by Country

Indonesia (X tons) was the main destination for mandarin and clementine exports from Singapore, with a 55% share of total exports. Moreover, mandarin and clementine exports to Indonesia exceeded the volume sent to the second major destination, Malaysia (X tons), twofold. Brunei Darussalam (X tons) ranked third in terms of total exports with a 16% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Indonesia stood at -1.9%. Exports to the other major destinations recorded the following average annual rates of exports growth: Malaysia (-4.4% per year) and Brunei Darussalam (+8.2% per year).

In value terms, Indonesia ($X) remains the key foreign market for tangerines, mandarins, clementines, satsumas exports from Singapore, comprising 50% of total exports. The second position in the ranking was held by Malaysia ($X), with a 25% share of total exports. It was followed by Brunei Darussalam, with a 21% share.

From 2012 to 2022, the average annual growth rate of value to Indonesia was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: Malaysia (-3.9% per year) and Brunei Darussalam (+11.7% per year).

Export Prices by Country

The average mandarin and clementine export price stood at $X per ton in 2022, picking up by 5.6% against the previous year. Over the last decade, it increased at an average annual rate of +1.9%. The most prominent rate of growth was recorded in 2017 an increase of 18%. Over the period under review, the average export prices attained the peak figure in 2022 and is likely to see gradual growth in the immediate term.

Average prices varied somewhat for the major external markets. In 2022, amid the top suppliers, the highest price was recorded for prices to Brunei Darussalam ($X per ton) and Timor-Leste ($X per ton), while the average price for exports to Indonesia ($X per ton) and Malaysia ($X per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Timor-Leste (+7.2%), while the prices for the other major destinations experienced more modest paces of growth.

Mandarin And Clementine Imports

Imports into Singapore

In 2022, the amount of tangerines, mandarins, clementines, satsumas imported into Singapore reduced slightly to X tons, dropping by -4.8% on 2021 figures. The total import volume increased at an average annual rate of +2.4% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2021 with an increase of 43% against the previous year. As a result, imports reached the peak of X tons, and then declined modestly in the following year.

In value terms, mandarin and clementine imports stood at $X in 2022. In general, total imports indicated strong growth from 2012 to 2022: its value increased at an average annual rate of +5.8% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +54.5% against 2020 indices. The most prominent rate of growth was recorded in 2021 when imports increased by 49% against the previous year. Over the period under review, imports hit record highs in 2022 and are expected to retain growth in the immediate term.

Imports by Country

In 2022, China (X tons) constituted the largest mandarin and clementine supplier to Singapore, with a 56% share of total imports. Moreover, mandarin and clementine imports from China exceeded the figures recorded by the second-largest supplier, South Africa (X tons), fivefold. The third position in this ranking was taken by Australia (X tons), with a 9.5% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from China was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: South Africa (+16.2% per year) and Australia (+5.0% per year).

In value terms, China ($X) constituted the largest supplier of tangerines, mandarins, clementines, satsumas to Singapore, comprising 53% of total imports. The second position in the ranking was taken by Taiwan (Chinese) ($X), with a 12% share of total imports. It was followed by Australia, with a 10% share.

From 2012 to 2022, the average annual rate of growth in terms of value from China stood at +3.8%. The remaining supplying countries recorded the following average annual rates of imports growth: Taiwan (Chinese) (+14.1% per year) and Australia (+6.8% per year).

Import Prices by Country

In 2022, the average mandarin and clementine import price amounted to $X per ton, with an increase of 9.2% against the previous year. Over the last decade, it increased at an average annual rate of +3.3%. The most prominent rate of growth was recorded in 2020 an increase of 11% against the previous year. The import price peaked in 2022 and is expected to retain 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 Taiwan (Chinese) ($X per ton), while the price for Pakistan ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Taiwan (Chinese) (+4.8%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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