Singapore: Prepared Culture Media Market 2024

Prepared Culture Media Market Size in Singapore

The Singaporean prepared culture media market declined to $X in 2022, dropping by X% against the previous year. Over the period under review, consumption recorded modest growth. As a result, consumption reached the peak level of $X. From 2019 to 2022, the growth of the market failed to regain momentum.

Prepared Culture Media Production in Singapore

In value terms, prepared culture media production soared to $X in 2022 estimated in export price. In general, production recorded a significant expansion. The most prominent rate of growth was recorded in 2020 when the production volume increased by X%. As a result, production attained the peak level of $X. From 2021 to 2022, production growth failed to regain momentum.

Prepared Culture Media Exports

Exports from Singapore

Prepared culture media exports from Singapore surged to X tons in 2022, jumping by X% compared with the year before. Overall, exports saw significant growth. The growth pace was the most rapid in 2013 when exports increased by X% against the previous year. Over the period under review, the exports reached the peak figure in 2022 and are expected to retain growth in years to come.

In value terms, prepared culture media exports rose rapidly to $X in 2022. Over the period under review, exports enjoyed significant growth. The pace of growth was the most pronounced in 2013 with an increase of X%. The exports peaked in 2022 and are expected to retain growth in the immediate term.

Exports by Country

South Korea (X tons), China (X tons) and Taiwan (Chinese) (X tons) were the main destinations of prepared culture media exports from Singapore, with a combined X% share of total exports. India, Malaysia, Vietnam, Indonesia, Bangladesh, the Philippines, Japan and Pakistan lagged somewhat behind, together comprising a further X%.

From 2012 to 2022, the biggest increases were recorded for India (with a CAGR of X%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for prepared culture media exported from Singapore were China ($X), South Korea ($X) and India ($X), together comprising X% of total exports.

In terms of the main countries of destination, India, with a CAGR of X%, saw the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average prepared culture media export price stood at $X per ton in 2022, declining by X% against the previous year. In general, the export price, however, showed a significant increase. The most prominent rate of growth was recorded in 2013 when the average export price increased by X%. Over the period under review, the average export prices attained the peak figure at $X per ton in 2021, and then fell remarkably in the following year.

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

Prepared Culture Media Imports

Imports into Singapore

In 2022, supplies from abroad of prepared culture media for development of micro-organisms was finally on the rise to reach X tons for the first time since 2019, thus ending a two-year declining trend. In general, imports continue to indicate a remarkable increase. The growth pace was the most rapid in 2018 when imports increased by X%. Imports peaked at X tons in 2019; however, from 2020 to 2022, imports remained at a lower figure.

In value terms, prepared culture media imports fell to $X in 2022. Over the period under review, imports saw a prominent increase. The pace of growth was the most pronounced in 2013 when imports increased by X% against the previous year. Imports peaked at $X in 2021, and then fell in the following year.

Imports by Country

In 2022, the United States (X tons) constituted the largest supplier of prepared culture media to Singapore, accounting for a X% share of total imports. Moreover, prepared culture media imports from the United States exceeded the figures recorded by the second-largest supplier, Malaysia (X tons), more than tenfold. The third position in this ranking was taken by the UK (X tons), with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from the United States stood at X%. The remaining supplying countries recorded the following average annual rates of imports growth: Malaysia (X% per year) and the UK (X% per year).

In value terms, the United States ($X) constituted the largest supplier of prepared culture media for development of micro-organisms to Singapore, comprising X% of total imports. The second position in the ranking was held by the UK ($X), with a X% share of total imports. It was followed by Italy, with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of value from the United States stood at X%. The remaining supplying countries recorded the following average annual rates of imports growth: the UK (X% per year) and Italy (X% per year).

Import Prices by Country

The average prepared culture media import price stood at $X per ton in 2022, shrinking by X% against the previous year. Overall, the import price, however, posted buoyant growth. The pace of growth appeared the most rapid in 2020 when the average import price increased by X% against the previous year. Over the period under review, average import prices attained the maximum at $X per ton in 2021, and then contracted sharply in the following year.

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 UK ($X per ton), while the price for Malaysia ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

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