Singapore: Persimmon Market 2025

Persimmon Market Size in Singapore

In 2021, after two years of growth, there was significant decline in the Singaporean persimmon market, when its value decreased by -22.3% to $X. In general, consumption recorded a perceptible reduction. Over the period under review, the market attained the peak level at $X in 2014; however, from 2015 to 2021, consumption failed to regain momentum.

Persimmon Exports

Exports from Singapore

In 2021, shipments abroad of persimmons increased by 15% to X tons, rising for the second year in a row after two years of decline. Overall, exports enjoyed modest growth. The most prominent rate of growth was recorded in 2015 when exports increased by 47% against the previous year. As a result, the exports attained the peak of X tons. From 2016 to 2021, the growth of the exports remained at a somewhat lower figure.

In value terms, persimmon exports surged to $X in 2021. In general, total exports indicated a buoyant expansion from 2012 to 2021: its value increased at an average annual rate of +7.9% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, exports increased by +98.6% against 2019 indices. The most prominent rate of growth was recorded in 2013 when exports increased by 43%. The exports peaked at $X in 2015; however, from 2016 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

Malaysia (X tons) was the main destination for persimmon exports from Singapore, accounting for a 80% share of total exports. Moreover, persimmon exports to Malaysia exceeded the volume sent to the second major destination, Indonesia (X tons), sevenfold.

From 2012 to 2021, the average annual growth rate of volume to Malaysia amounted to +2.6%. Exports to the other major destinations recorded the following average annual rates of exports growth: Indonesia (+1.5% per year) and Brunei Darussalam (+1.9% per year).

In value terms, Malaysia ($X) remains the key foreign market for persimmon exports from Singapore, comprising 74% of total exports. The second position in the ranking was held by Brunei Darussalam ($X), with a 14% share of total exports.

From 2012 to 2021, the average annual growth rate of value to Malaysia amounted to +8.6%. Exports to the other major destinations recorded the following average annual rates of exports growth: Brunei Darussalam (+10.6% per year) and Indonesia (+4.4% per year).

Export Prices by Country

In 2021, the average persimmon export price amounted to $X per ton, picking up by 22% against the previous year. In general, export price indicated a resilient increase from 2012 to 2021: its price increased at an average annual rate of +5.9% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, persimmon export price increased by +94.5% against 2015 indices. The most prominent rate of growth was recorded in 2019 when the average export price increased by 30% against the previous year. Over the period under review, the average export prices hit record highs in 2021 and is expected to retain growth in the immediate term.

Prices varied noticeably country of destination: the country with the highest price was Brunei Darussalam ($X per ton), while the average price for exports to Indonesia ($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 Hong Kong SAR (+17.3%), while the prices for the other major destinations experienced more modest paces of growth.

Persimmon Imports

Imports into Singapore

In 2021, persimmon imports into Singapore shrank sharply to X tons, reducing by -31.3% compared with 2020. In general, imports saw a noticeable downturn. The most prominent rate of growth was recorded in 2020 when imports increased by 43% against the previous year. Over the period under review, imports reached the maximum at X tons in 2015; however, from 2016 to 2021, imports remained at a lower figure.

In value terms, persimmon imports reduced notably to $X in 2021. Over the period under review, imports showed a slight decrease. The most prominent rate of growth was recorded in 2020 with an increase of 28% against the previous year. Over the period under review, imports hit record highs at $X in 2014; however, from 2015 to 2021, imports remained at a lower figure.

Imports by Country

In 2021, Spain (X tons) constituted the largest supplier of persimmon to Singapore, with a 38% share of total imports. Moreover, persimmon imports from Spain exceeded the figures recorded by the second-largest supplier, China (X tons), twofold. The third position in this ranking was taken by South Korea (X tons), with a 17% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from Spain amounted to +14.3%. The remaining supplying countries recorded the following average annual rates of imports growth: China (+5.6% per year) and South Korea (-13.7% per year).

In value terms, Spain ($X), New Zealand ($X) and South Korea ($X) were the largest persimmon suppliers to Singapore, with a combined 69% share of total imports. Australia, China, Japan, South Africa and Israel lagged somewhat behind, together comprising a further 30%.

Among the main suppliers, Japan, with a CAGR of +13.8%, saw the highest growth rate of 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 2021, the average persimmon import price amounted to $X per ton, rising by 21% against the previous year. Over the last nine-year period, it increased at an average annual rate of +3.0%. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices amongst the major supplying countries. In 2021, the country with the highest price was Japan ($X per ton), while the price for China ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Israel (+13.7%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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