Singapore: Pork Market 2025

Pork Market Size in Singapore

The Singaporean pork market contracted to $X in 2022, waning by -14% against the previous year. Over the period under review, consumption, however, continues to indicate a relatively flat trend pattern. As a result, consumption attained the peak level of $X. From 2021 to 2022, the growth of the market remained at a lower figure.

Pork Production in Singapore

In value terms, pork production fell rapidly to $X in 2022 estimated in export price. Overall, production, however, posted slight growth. The most prominent rate of growth was recorded in 2019 with an increase of 194%. As a result, production attained the peak level of $X. From 2020 to 2022, production growth failed to regain momentum.

In 2022, the average pork yield in Singapore contracted modestly to X kg per head, approximately reflecting 2021 figures. Over the period under review, the yield showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2018 when the yield increased by 0.5%. The pork yield peaked at X kg per head in 2012; however, from 2013 to 2022, the yield failed to regain momentum.

In 2022, approx. X heads of animals slaughtered for pork production in Singapore; which is down by -5.5% on the year before. Overall, the total number of producing animals indicated a perceptible increase from 2012 to 2022: its figure increased at an average annual rate of +4.3% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, number of animals slaughtered for pork production increased by +49.6% against 2018 indices. The pace of growth appeared the most rapid in 2020 when the number of producing animals increased by 21% against the previous year. Over the period under review, this number attained the peak level at X heads in 2021, and then declined in the following year.

Pork Exports

Exports from Singapore

In 2022, shipments abroad of pork increased by 26% to X tons, rising for the sixth consecutive year after two years of decline. In general, exports posted a significant increase. The pace of growth was the most pronounced in 2019 with an increase of 336%. The exports peaked in 2022 and are likely to see gradual growth in years to come.

In value terms, pork exports rose sharply to $X in 2022. Overall, exports posted resilient growth. The most prominent rate of growth was recorded in 2019 when exports increased by 226% against the previous year. Over the period under review, the exports reached the maximum in 2022 and are expected to retain growth in the near future.

Exports by Country

Brazil (X tons) was the main destination for pork exports from Singapore, with a 53% share of total exports. Moreover, pork exports to Brazil exceeded the volume sent to the second major destination, Malaysia (X tons), threefold. Thailand (X tons) ranked third in terms of total exports with an 11% share.

From 2012 to 2022, the average annual growth rate of volume to Brazil totaled +199.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: Malaysia (+22.2% per year) and Thailand (+185.7% per year).

In value terms, Brazil ($X) remains the key foreign market for pork exports from Singapore, comprising 54% of total exports. The second position in the ranking was taken by Malaysia ($X), with a 19% share of total exports. It was followed by Indonesia, with an 8.7% share.

From 2012 to 2022, the average annual growth rate of value to Brazil amounted to +183.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: Malaysia (+8.5% per year) and Indonesia (+24.2% per year).

Export Prices by Country

In 2022, the average pork export price amounted to $X per ton, dropping by -15.5% against the previous year. In general, the export price saw a deep reduction. The pace of growth was the most pronounced in 2016 when the average export price increased by 62%. Over the period under review, the average export prices hit record highs at $X per ton in 2012; however, from 2013 to 2022, the export prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Brunei Darussalam ($X per ton), while the average price for exports to Thailand ($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 China (+3.8%), while the prices for the other major destinations experienced a decline.

Pork Imports

Imports into Singapore

In 2022, supplies from abroad of pork decreased by -3.1% to X tons for the first time since 2019, thus ending a two-year rising trend. The total import volume increased at an average annual rate of +1.9% over the period from 2012 to 2022; the trend pattern remained relatively stable, with only minor fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2014 when imports increased by 22% against the previous year. Over the period under review, imports hit record highs at X tons in 2021, and then dropped in the following year.

In value terms, pork imports reduced to $X in 2022. In general, imports, however, showed a relatively flat trend pattern. The growth pace was the most rapid in 2020 with an increase of 29% against the previous year. As a result, imports reached the peak of $X. From 2021 to 2022, the growth of imports remained at a somewhat lower figure.

Imports by Country

In 2022, Brazil (X tons) constituted the largest supplier of pork to Singapore, accounting for a 62% share of total imports. Moreover, pork imports from Brazil exceeded the figures recorded by the second-largest supplier, Germany (X tons), fivefold. Australia (X tons) ranked third in terms of total imports with an 8.9% share.

From 2012 to 2022, the average annual growth rate of volume from Brazil amounted to +7.1%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (+19.1% per year) and Australia (-1.6% per year).

In value terms, Brazil ($X) constituted the largest supplier of pork to Singapore, comprising 51% of total imports. The second position in the ranking was taken by Germany ($X), with a 14% share of total imports. It was followed by Australia, with a 13% share.

From 2012 to 2022, the average annual rate of growth in terms of value from Brazil amounted to +4.5%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (+18.8% per year) and Australia (-2.6% per year).

Import Prices by Country

The average pork import price stood at $X per ton in 2022, shrinking by -8.8% against the previous year. Overall, the import price showed a slight decrease. The growth pace was the most rapid in 2020 when the average import price increased by 12%. Over the period under review, average import prices reached the maximum at $X per ton in 2012; however, from 2013 to 2022, import prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the United States ($X per ton), while the price for France ($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 (+6.3%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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