Singapore: Market for Seeds, Fruit and Spores Used for Sowing 2024

Market Size for Seeds, Fruit and Spores Used for Sowing in Singapore

The Singaporean market for seeds, fruit and spores used for sowing plummeted to $X in 2022, declining by -15.7% against the previous year. In general, consumption, however, enjoyed a strong increase. Over the period under review, the market reached the peak level at $X in 2019; however, from 2020 to 2022, consumption stood at a somewhat lower figure.

Production of Seeds, Fruit and Spores Used for Sowing in Singapore

In value terms, production of seeds, fruit and spores used for sowing contracted to $X in 2022 estimated in export price. In general, production continues to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2013 with an increase of 37% against the previous year. As a result, production reached the peak level of $X. From 2014 to 2022, production of growth failed to regain momentum.

The average yield of seeds, fruit and spores used for sowing in Singapore stood at less than X kg per ha in 2022, leveling off at the previous year's figure. Overall, the yield continues to indicate a relatively flat trend pattern. Despite the increased use of modern agricultural techniques and methods, future yield figures may still be impacted by adverse weather conditions.

The harvested area of seeds, fruit and spores used for sowing in Singapore stood at less than X ha in 2022, remaining constant against the previous year's figure. Overall, the harvested area showed a relatively flat trend pattern.

Exports of Seeds, Fruit and Spores Used for Sowing

Exports from Singapore

In 2022, overseas shipments of seeds, fruit and spores used for sowing increased by 120% to X tons, rising for the second consecutive year after two years of decline. Overall, exports, however, saw a sharp slump. The exports peaked at X tons in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

In value terms, exports of seeds, fruit and spores used for sowing soared to $X in 2022. In general, exports, however, recorded a deep downturn. The exports peaked at $X in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

Exports by Country

Indonesia (X tons) was the main destination for exports of seeds, fruit and spores used for sowing from Singapore, accounting for a 63% share of total exports. Moreover, exports of seeds, fruit and spores used for sowing to Indonesia exceeded the volume sent to the second major destination, Malaysia (X tons), twofold.

From 2012 to 2022, the average annual growth rate of volume to Indonesia amounted to -17.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: Malaysia (+5.2% per year) and Australia (-6.4% per year).

In value terms, Indonesia ($X) remains the key foreign market for seeds, fruit and spores used for sowing exports from Singapore, comprising 94% of total exports. The second position in the ranking was taken by Malaysia ($X), with a 5.5% share of total exports.

From 2012 to 2022, the average annual growth rate of value to Indonesia totaled -12.7%. Exports to the other major destinations recorded the following average annual rates of exports growth: Malaysia (+15.4% per year) and Australia (-15.5% per year).

Export Prices by Country

The average export price for seeds, fruit and spores used for sowing stood at $X per ton in 2022, jumping by 103% against the previous year. Over the period under review, the export price saw a remarkable increase. The most prominent rate of growth was recorded in 2013 an increase of 642%. As a result, the export price attained the peak level of $X per ton. From 2014 to 2022, the average export prices failed to regain momentum.

There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Indonesia ($X per ton), while the average price for exports to Australia ($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 Sierra Leone (+532.6%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Seeds, Fruit and Spores Used for Sowing

Imports into Singapore

In 2022, imports of seeds, fruit and spores used for sowing into Singapore contracted remarkably to X tons, waning by -31.5% on 2021 figures. In general, imports, however, saw a buoyant expansion. The most prominent rate of growth was recorded in 2019 with an increase of 368% against the previous year. As a result, imports reached the peak of X tons. From 2020 to 2022, the growth of imports of remained at a lower figure.

In value terms, imports of seeds, fruit and spores used for sowing surged to $X in 2022. Overall, imports, however, continue to indicate a prominent expansion. The pace of growth was the most pronounced in 2015 with an increase of 245% against the previous year. Imports peaked in 2022 and are likely to continue growth in the immediate term.

Imports by Country

In 2022, Taiwan (Chinese) (X tons) constituted the largest seed, fruit and spore used for sowing supplier to Singapore, accounting for a 63% share of total imports. Moreover, imports of seeds, fruit and spores used for sowing from Taiwan (Chinese) exceeded the figures recorded by the second-largest supplier, India (X tons), fourfold. Thailand (X tons) ranked third in terms of total imports with a 9.5% share.

From 2012 to 2022, the average annual growth rate of volume from Taiwan (Chinese) stood at +17.5%. The remaining supplying countries recorded the following average annual rates of imports growth: India (+22.9% per year) and Thailand (+2.5% per year).

In value terms, Taiwan (Chinese) ($X) constituted the largest supplier of seeds, fruit and spores used for sowing to Singapore, comprising 78% of total imports. The second position in the ranking was taken by India ($X), with a 4.4% share of total imports. It was followed by Thailand, with a 3.8% share.

From 2012 to 2022, the average annual rate of growth in terms of value from Taiwan (Chinese) amounted to +31.9%. The remaining supplying countries recorded the following average annual rates of imports growth: India (+19.1% per year) and Thailand (+8.6% per year).

Import Prices by Country

In 2022, the average import price for seeds, fruit and spores used for sowing amounted to $X per ton, rising by 166% against the previous year. Overall, the import price continues to indicate a strong expansion. The most prominent rate of growth was recorded in 2020 when the average import price increased by 278% against the previous year. Over the period under review, average import prices reached the peak figure 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 Chile ($X per ton), while the price for the Philippines ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Chile (+284.3%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :