Singapore: Non-Wheat Flour Market 2024

Non-Wheat Flour Market Size in Singapore

The Singaporean non-wheat flour market reduced modestly to $X in 2021, falling by -3.7% against the previous year. The market value increased at an average annual rate of +1.6% from 2012 to 2021; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being recorded in certain years. Over the period under review, the market reached the peak level at $X in 2014; however, from 2015 to 2021, consumption remained at a lower figure.

Non-Wheat Flour Production in Singapore

In value terms, non-wheat flour production fell modestly to $X in 2021 estimated in export price. The total output value increased at an average annual rate of +1.8% from 2012 to 2021; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being observed in certain years. The most prominent rate of growth was recorded in 2013 when the production volume increased by 20% against the previous year. Non-wheat flour production peaked at $X in 2014; however, from 2015 to 2021, production failed to regain momentum.

Non-Wheat Flour Exports

Exports from Singapore

In 2021, the amount of non-wheat flours exported from Singapore rose markedly to X tons, increasing by 13% compared with 2020 figures. The total export volume increased at an average annual rate of +1.2% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2015 when exports increased by 43% against the previous year. The exports peaked at X tons in 2016; however, from 2017 to 2021, the exports stood at a somewhat lower figure.

In value terms, non-wheat flour exports soared to $X in 2021. The total export value increased at an average annual rate of +5.1% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

Malaysia (X tons), Brunei Darussalam (X tons) and Japan (X tons) were the main destinations of non-wheat flour exports from Singapore, together comprising 68% of total exports.

From 2012 to 2021, the biggest increases were recorded for Japan (with a CAGR of +210.8%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for non-wheat flour exported from Singapore were Japan ($X), Malaysia ($X) and Brunei Darussalam ($X), with a combined 71% share of total exports.

Japan, with a CAGR of +263.1%, recorded the highest growth rate of the value of exports, in terms of 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

The average non-wheat flour export price stood at $X per ton in 2021, increasing by 14% against the previous year. Over the period under review, export price indicated a perceptible increase from 2012 to 2021: its price increased at an average annual rate of +3.8% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, non-wheat flour export price increased by +50.7% against 2019 indices. The growth pace was the most rapid in 2020 an increase of 33% against the previous year. The export price peaked at $X per ton in 2014; however, from 2015 to 2021, the export prices failed to regain momentum.

There were significant differences in the average prices for the major export markets. In 2021, amid the top suppliers, the country with the highest price was Japan ($X per ton), while the average price for exports to Indonesia ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Japan (+17.1%), while the prices for the other major destinations experienced more modest paces of growth.

Non-Wheat Flour Imports

Imports into Singapore

In 2021, after two years of growth, there was decline in overseas purchases of non-wheat flours, when their volume decreased by -2% to X tons. In general, imports, however, recorded a relatively flat trend pattern. The growth pace was the most rapid in 2015 with an increase of 21%. Over the period under review, imports attained the peak figure at X tons in 2020, and then reduced modestly in the following year.

In value terms, non-wheat flour imports fell slightly to $X in 2021. Overall, imports, however, saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2020 with an increase of 18% against the previous year. As a result, imports reached the peak of $X, leveling off in the following year.

Imports by Country

In 2021, Thailand (X tons) constituted the largest non-wheat flour supplier to Singapore, accounting for a 68% share of total imports. Moreover, non-wheat flour imports from Thailand exceeded the figures recorded by the second-largest supplier, Malaysia (X tons), fivefold. China (X tons) ranked third in terms of total imports with a 5.8% share.

From 2012 to 2021, the average annual growth rate of volume from Thailand was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: Malaysia (+10.6% per year) and China (+16.7% per year).

In value terms, Thailand ($X) constituted the largest supplier of non-wheat flours to Singapore, comprising 62% of total imports. The second position in the ranking was taken by Malaysia ($X), with a 19% share of total imports. It was followed by India, with a 3.8% share.

From 2012 to 2021, the average annual growth rate of value from Thailand was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: Malaysia (+10.6% per year) and India (+0.1% per year).

Import Prices by Country

In 2021, the average non-wheat flour import price amounted to $X per ton, picking up by 1.5% against the previous year. In general, the import price recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2020 an increase of 11%. The import price peaked at $X per ton in 2013; afterwards, it flattened through to 2021.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Ukraine (+21.3%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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