Singapore: Fruit Market 2024

Fruit Market Size in Singapore

After two years of growth, the Singaporean fruit market decreased by X% to $X in 2022. The market value increased at an average annual rate of X% over the period from 2012 to 2022; the trend pattern remained consistent, with only minor fluctuations being recorded throughout the analyzed period. Fruit consumption peaked at $X in 2021, and then contracted slightly in the following year.

Fruit Production in Singapore

In value terms, fruit production totaled $X in 2022 estimated in export price. Overall, production, however, recorded a noticeable curtailment. The growth pace was the most rapid in 2016 when the production volume increased by X%. Over the period under review, production hit record highs at $X in 2013; however, from 2014 to 2022, production remained at a lower figure.

The average yield of fruits in Singapore amounted to X tons per ha in 2022, approximately equating the previous year. In general, the yield, however, showed a slight downturn. The growth pace was the most rapid in 2016 when the yield increased by X% against the previous year. As a result, the yield reached the peak level of X tons per ha. From 2017 to 2022, the growth of the average fruit yield failed to regain momentum. Despite the increased use of modern agricultural techniques and methods, future yield figures may still be impacted by adverse weather conditions.

In 2022, the harvested area of fruits in Singapore stood at X ha, standing approx. at the previous year's figure. In general, the harvested area continues to indicate a pronounced downturn. The pace of growth was the most pronounced in 2016 with an increase of X%. The fruit harvested area peaked at X ha in 2014; however, from 2015 to 2022, the harvested area remained at a lower figure.

Fruit Exports

Exports from Singapore

In 2022, approx. X tons of fruits were exported from Singapore; picking up by X% against the previous year. In general, exports, however, continue to indicate a slight decline. The growth pace was the most rapid in 2013 with an increase of X%. Over the period under review, the exports hit record highs at X tons in 2015; however, from 2016 to 2022, the exports remained at a lower figure.

In value terms, fruit exports surged to $X in 2022. Overall, exports, however, showed a relatively flat trend pattern. The growth pace was the most rapid in 2013 with an increase of X% against the previous year. The exports peaked at $X in 2014; however, from 2015 to 2022, the exports remained at a lower figure.

Exports by Country

Malaysia (X tons), Indonesia (X tons) and Brunei Darussalam (X tons) were the main destinations of fruit exports from Singapore, with a combined X% share of total exports. Hong Kong SAR, Timor-Leste, Vietnam and Cambodia lagged somewhat behind, together accounting for a further X%.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Hong Kong SAR (with a CAGR of X%), while the other leaders experienced more modest paces of growth.

In value terms, Malaysia ($X), Indonesia ($X) and Brunei Darussalam ($X) were the largest markets for fruit exported from Singapore worldwide, with a combined X% share of total exports. Hong Kong SAR, Vietnam, Timor-Leste and Cambodia lagged somewhat behind, together comprising a further X%.

Hong Kong SAR, with a CAGR of X%, saw the highest growth rate of 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 2022, the average fruit export price amounted to $X per ton, reducing by X% against the previous year. Over the period under review, the export price, however, saw a relatively flat trend pattern. The growth pace was the most rapid in 2020 an increase of X%. Over the period under review, the average export prices attained the peak figure at $X per ton in 2021, and then dropped in the following year.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Vietnam ($X per ton), while the average price for exports to Hong Kong SAR ($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 Vietnam (X%), while the prices for the other major destinations experienced more modest paces of growth.

Fruit Imports

Imports into Singapore

In 2022, approx. X tons of fruits were imported into Singapore; with a decrease of X% on 2021 figures. Overall, imports, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2013 with an increase of X%. Imports peaked at X tons in 2015; however, from 2016 to 2022, imports failed to regain momentum.

In value terms, fruit imports contracted slightly to $X in 2022. The total import value increased at an average annual rate of X% over the period from 2012 to 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations in certain years. The pace of growth appeared the most rapid in 2013 when imports increased by X%. Imports peaked at $X in 2021, and then contracted modestly in the following year.

Imports by Country

In 2022, Malaysia (X tons) constituted the largest fruit supplier to Singapore, accounting for a X% share of total imports. Moreover, fruit imports from Malaysia exceeded the figures recorded by the second-largest supplier, China (X tons), threefold. South Africa (X tons) ranked third in terms of total imports with a X% share.

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

In value terms, the largest fruit suppliers to Singapore were China ($X), Malaysia ($X) and Australia ($X), with a combined X% share of total imports. South Africa, the United States, New Zealand, the Philippines, Thailand, Egypt, Vietnam and France lagged somewhat behind, together accounting for a further X%.

In terms of the main suppliers, Egypt, with a CAGR of X%, saw the highest rates of growth with regard to the value of imports, 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 fruit import price amounted to $X per ton, with an increase of X% against the previous year. Over the last decade, it increased at an average annual rate of X%. The most prominent rate of growth was recorded in 2013 when the average import price increased by X%. Over the period under review, average import prices reached the maximum in 2022 and is likely to continue growth in years to come.

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 ($X per ton), while the price for Malaysia ($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 (X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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