Report Update Jan 1, 2025

Singapore - Quinoa - Market Analysis, Forecast, Size, Trends and Insights

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Singapore: Quinoa Market 2025

Quinoa Market Size in Singapore

After five years of growth, the Singaporean quinoa market decreased by -4.4% to $X in 2021. Overall, consumption posted a significant expansion. Quinoa consumption peaked at $X in 2020, and then declined modestly in the following year.

Quinoa Exports

Exports from Singapore

In 2021, overseas shipments of quinoa increased by 16% to X tons for the first time since 2018, thus ending a two-year declining trend. In general, exports enjoyed a significant expansion. The pace of growth was the most pronounced in 2015 when exports increased by 736%. Over the period under review, the exports reached the maximum at X tons in 2018; however, from 2019 to 2021, the exports remained at a lower figure.

In value terms, quinoa exports soared to $X in 2021. Overall, exports recorded a significant expansion. The pace of growth was the most pronounced in 2015 with an increase of 842%. The exports peaked at $X in 2018; however, from 2019 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

Malaysia (X tons) was the main destination for quinoa exports from Singapore, accounting for a 63% share of total exports. Moreover, quinoa exports to Malaysia exceeded the volume sent to the second major destination, Thailand (X tons), fourfold. Hong Kong SAR (X tons) ranked third in terms of total exports with a 6.3% share.

From 2013 to 2021, the average annual growth rate of volume to Malaysia stood at +88.8%. Exports to the other major destinations recorded the following average annual rates of exports growth: Thailand (+26.3% per year) and Hong Kong SAR (+0.0% per year).

In value terms, Malaysia ($X) emerged as the key foreign market for quinoa exports from Singapore, comprising 64% of total exports. The second position in the ranking was taken by Thailand ($X), with a 16% share of total exports. It was followed by Hong Kong SAR, with a 5.5% share.

From 2013 to 2021, the average annual growth rate of value to Malaysia totaled +92.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: Thailand (+8.3% per year) and Hong Kong SAR (-5.6% per year).

Export Prices by Country

In 2021, the average quinoa export price amounted to $X per ton, remaining relatively unchanged against the previous year. Overall, the export price, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2014 an increase of 54% against the previous year. The export price peaked at $X per ton in 2015; however, from 2016 to 2021, the export prices remained at a lower figure.

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

From 2013 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Malaysia (+1.7%), while the prices for the other major destinations experienced more modest paces of growth.

Quinoa Imports

Imports into Singapore

In 2021, approx. X tons of quinoa were imported into Singapore; surging by 1.7% on the year before. In general, imports enjoyed a significant increase. The pace of growth appeared the most rapid in 2014 when imports increased by 354% against the previous year. Imports peaked in 2021 and are expected to retain growth in years to come.

In value terms, quinoa imports shrank to $X in 2021. Overall, imports enjoyed significant growth. The most prominent rate of growth was recorded in 2014 when imports increased by 466%. Over the period under review, imports reached the peak figure at $X in 2019; however, from 2020 to 2021, imports stood at a somewhat lower figure.

Imports by Country

Bolivia (X tons), Peru (X tons) and Malaysia (X tons) were the main suppliers of quinoa imports to Singapore, with a combined 92% share of total imports. These countries were followed by South Africa, which accounted for a further 1.8%.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by South Africa (with a CAGR of +114.4%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Bolivia ($X), Peru ($X) and Malaysia ($X) appeared to be the largest quinoa suppliers to Singapore, together accounting for 88% of total imports.

Malaysia, with a CAGR of +107.7%, saw the highest growth rate of the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average quinoa import price stood at $X per ton in 2021, falling by -6.9% against the previous year. Over the period under review, the import price showed a abrupt decline. The pace of growth was the most pronounced in 2014 when the average import price increased by 25%. As a result, import price attained the peak level of $X per ton. From 2015 to 2021, the average import prices failed to regain momentum.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Malaysia (+8.8%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for quinoa in the world?

The countries with the highest volumes of quinoa consumption in 2020 were Peru, Bolivia and the U.S., together comprising 68% of global consumption. These countries were followed by Canada, Germany, France, the UK and Ecuador, which together accounted for a further 14%.

What are the largest producers of quinoa in the world?

The countries with the highest volumes of quinoa production in 2020 were Peru, Bolivia and Ecuador, together accounting for 97% of global production.

What are the leading suppliers of quinoa to Singapore?

In value terms, the largest quinoa suppliers to Singapore were Peru, Bolivia and Malaysia.

What are the leading importers of quinoa from Singapore?

In value terms, Hong Kong SAR, Malaysia and Brunei Darussalam constituted the largest markets for quinoa exported from Singapore worldwide, together accounting for 77% of total exports. These countries were followed by Thailand, Indonesia, Vietnam and India, which together accounted for a further 20%.

What is the average export price for quinoa in Singapore?

The average quinoa export price stood at $4,288 per ton in 2020, surging by 3% against the previous year.

What is the average import price for quinoa in Singapore?

In 2020, the average quinoa import price amounted to $2,496 per ton, falling by -9.1% against the previous year.

This report provides an in-depth analysis of the quinoa market in Singapore. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.

Product coverage:

FCL 92 - Quinoa

Country coverage:

Singapore

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in Singapore
Export and import prices
Market trends, drivers and restraints
Key market players and their profiles

Reasons to buy this report:

Take advantage of the latest data
Find deeper insights into current market developments
Discover vital success factors affecting the market

This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:

How to diversify your business and benefit from new market opportunities
How to load your idle production capacity
How to boost your sales on overseas markets
How to increase your profit margins
How to make your supply chain more sustainable
How to reduce your production and supply chain costs
How to outsource production to other countries
How to prepare your business for global expansion

While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.

1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business
1. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects
1. MARKET SIZE
2. MARKET STRUCTURE
3. TRADE BALANCE
4. PER CAPITA CONSUMPTION
5. MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. COUNTRIES WITH TOP YIELDS
4. TOP EXPORTING COUNTRIES
5. LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION, HARVESTED AREA AND YIELD
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2024
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2024
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO
LIST OF TABLES
1. Key Findings In 2024
2. Market Volume, In Physical Terms, 2012–2024
3. Market Value, 2012–2024
4. Per Capita Consumption In 2012-2024
5. Imports, In Physical Terms, By Country, 2012–2024
6. Imports, In Value Terms, By Country, 2012–2024
7. Import Prices, By Country Of Origin, 2012–2024
8. Exports, In Physical Terms, By Country, 2012–2024
9. Exports, In Value Terms, By Country, 2012–2024
10. Export Prices, By Country Of Destination, 2012–2024
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2024
2. Market Value, 2012–2024
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2024
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2024
5. Trade Balance, In Physical Terms, 2012-2024
6. Trade Balance, In Value Terms, 2012-2024
7. Per Capita Consumption, 2012-2024
8. Market Volume Forecast to 2030
9. Market Value Forecast to 2030
10. Products: Market Size And Growth, By Type
11. Products: Average Per Capita Consumption, By Type
12. Products: Exports And Growth, By Type
13. Products: Export Prices And Growth, By Type
14. Production Volume And Growth
15. Yield And Growth
16. Exports And Growth
17. Export Prices And Growth
18. Market Size And Growth
19. Per Capita Consumption
20. Imports And Growth
21. Import Prices
22. Production, In Physical Terms, 2012–2024
23. Production, In Value Terms, 2012–2024
24. Area Harvested, 2012–2024
25. Yield, 2012–2024
26. Imports, In Physical Terms, 2012–2024
27. Imports, In Value Terms, 2012–2024
28. Imports, In Physical Terms, By Country, 2024
29. Imports, In Physical Terms, By Country, 2012–2024
30. Imports, In Value Terms, By Country, 2012–2024
31. Import Prices, By Country Of Origin, 2012–2024
32. Exports, In Physical Terms, 2012–2024
33. Exports, In Value Terms, 2012–2024
34. Exports, In Physical Terms, By Country, 2024
35. Exports, In Physical Terms, By Country, 2012–2024
36. Exports, In Value Terms, By Country, 2012–2024
37. Export Prices, By Country Of Destination, 2012–2024