Singapore: Market for Non-Alcoholic Beverages, Not Containing Milk 2025

Market Size for Non-Alcoholic Beverages, Not Containing Milk in Singapore

After five years of growth, the Singaporean market for non-alcoholic beverages, not containing milk decreased by -13.6% to $X in 2022. Over the period under review, consumption recorded a deep reduction. Over the period under review, the market hit record highs at $X in 2012; however, from 2013 to 2022, consumption stood at a somewhat lower figure.

Production of Non-Alcoholic Beverages, Not Containing Milk in Singapore

In value terms, non-alcoholic beverage, not containing milk production contracted significantly to $X in 2022 estimated in export price. In general, production saw a dramatic downturn. The most prominent rate of growth was recorded in 2019 when the production volume increased by 212%. Non-alcoholic beverage, not containing milk production peaked at $X in 2012; however, from 2013 to 2022, production stood at a somewhat lower figure.

Exports of Non-Alcoholic Beverages, Not Containing Milk

Exports from Singapore

Non-alcoholic beverage, not containing milk exports from Singapore surged to X litres in 2022, rising by 53% on the previous year's figure. Overall, exports showed a modest expansion. Over the period under review, the exports reached the maximum at X litres in 2015; however, from 2016 to 2022, the exports stood at a somewhat lower figure.

In value terms, non-alcoholic beverage, not containing milk exports skyrocketed to $X in 2022. In general, exports recorded a pronounced increase. The most prominent rate of growth was recorded in 2021 when exports increased by 88%. The exports peaked in 2022 and are likely to continue growth in years to come.

Exports by Country

China (X litres) was the main destination for non-alcoholic beverage, not containing milk exports from Singapore, with a 33% share of total exports. Moreover, non-alcoholic beverage, not containing milk exports to China exceeded the volume sent to the second major destination, Malaysia (X litres), threefold. The third position in this ranking was taken by Taiwan (Chinese) (X litres), with a 9.8% share.

From 2012 to 2022, the average annual growth rate of volume to China amounted to +31.6%. Exports to the other major destinations recorded the following average annual rates of exports growth: Malaysia (-9.8% per year) and Taiwan (Chinese) (+89.2% per year).

In value terms, the largest markets for non-alcoholic beverage, not containing milk exported from Singapore were China ($X), Malaysia ($X) and Taiwan (Chinese) ($X), with a combined 50% share of total exports.

In terms of the main countries of destination, Taiwan (Chinese), with a CAGR of +85.0%, recorded the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average export price for non-alcoholic beverages, not containing milk stood at $X per litre in 2022, falling by -12.3% against the previous year. Over the last decade, it increased at an average annual rate of +1.2%. The growth pace was the most rapid in 2016 when the average export price increased by 34%. The export price peaked at $X per litre in 2021, and then reduced in the following year.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Malaysia ($X per litre), while the average price for exports to China ($X per litre) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Malaysia (+9.3%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Non-Alcoholic Beverages, Not Containing Milk

Imports into Singapore

In 2022, purchases abroad of non-alcoholic beverages, not containing milk increased by 5.5% to X litres, rising for the third year in a row after three years of decline. The total import volume increased at an average annual rate of +4.1% from 2012 to 2022; the trend pattern remained consistent, with somewhat noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2013 when imports increased by 35% against the previous year. Imports peaked in 2022 and are expected to retain growth in the near future.

In value terms, non-alcoholic beverage, not containing milk imports rose significantly to $X in 2022. The total import value increased at an average annual rate of +3.3% from 2012 to 2022; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2021 when imports increased by 17%. Over the period under review, imports attained the peak figure in 2022 and are expected to retain growth in the near future.

Imports by Country

In 2022, Malaysia (X litres) constituted the largest non-alcoholic beverage, not containing milk supplier to Singapore, accounting for a 68% share of total imports. Moreover, non-alcoholic beverage, not containing milk imports from Malaysia exceeded the figures recorded by the second-largest supplier, Thailand (X litres), ninefold. The third position in this ranking was held by China (X litres), with a 4.5% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from Malaysia stood at +5.1%. The remaining supplying countries recorded the following average annual rates of imports growth: Thailand (+0.4% per year) and China (+11.8% per year).

In value terms, Malaysia ($X) constituted the largest supplier of non-alcoholic beverages, not containing milk to Singapore, comprising 53% of total imports. The second position in the ranking was taken by Thailand ($X), with a 12% share of total imports. It was followed by China, with a 5.6% share.

From 2012 to 2022, the average annual rate of growth in terms of value from Malaysia totaled +4.6%. The remaining supplying countries recorded the following average annual rates of imports growth: Thailand (+0.5% per year) and China (+11.8% per year).

Import Prices by Country

The average import price for non-alcoholic beverages, not containing milk stood at $X per litre in 2022, picking up by 3% against the previous year. Overall, the import price, however, recorded a relatively flat trend pattern. The growth pace was the most rapid in 2018 an increase of 26% against the previous year. Over the period under review, average import prices attained the peak figure at $X per litre in 2012; however, from 2013 to 2022, import prices remained at a lower figure.

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 ($X per litre), while the price for Malaysia ($X per litre) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Taiwan (Chinese) (+5.4%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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