Singapore: Root And Tuber Market 2024

Root And Tuber Market Size in Singapore

The Singaporean root and tuber market amounted to $X in 2022, approximately mirroring the previous year. The market value increased at an average annual rate of X% from 2012 to 2022; the trend pattern remained consistent, with only minor fluctuations being observed throughout the analyzed period. Root and tuber consumption peaked at $X in 2020; however, from 2021 to 2022, consumption remained at a lower figure.

Root And Tuber Production in Singapore

In value terms, root and tuber production shrank slightly to $X in 2022 estimated in export price. The total output value increased at an average annual rate of X% over the period from 2012 to 2022; the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2019 when the production volume increased by X%. As a result, production reached the peak level of $X. From 2020 to 2022, production growth failed to regain momentum.

The average yield of roots and tubers in Singapore stood at X tons per ha in 2022, approximately equating the year before. In general, the yield continues to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2015 when the yield increased by X%. As a result, the yield reached the peak level of X tons per ha. From 2016 to 2022, the growth of the average root and tuber yield failed to regain momentum. Despite the increased use of modern agricultural techniques and methods, future yield figures may still be impacted by adverse weather conditions.

In 2022, the total area harvested in terms of roots and tubers production in Singapore totaled X ha, approximately mirroring the previous year. In general, the harvested area continues to indicate a relatively flat trend pattern. Over the period under review, the harvested area dedicated to root and tuber production reached the maximum in 2022 and is likely to continue growth in years to come.

Root And Tuber Exports

Exports from Singapore

In 2022, shipments abroad of roots and tubers increased by X% to X tons, rising for the third year in a row after two years of decline. Overall, exports, however, saw a perceptible slump. The most prominent rate of growth was recorded in 2016 with an increase of X% against the previous year. Over the period under review, the exports attained the maximum at X tons in 2017; however, from 2018 to 2022, the exports stood at a somewhat lower figure.

In value terms, root and tuber exports surged to $X in 2022. Over the period under review, total exports indicated mild growth from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by X% against 2019 indices. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

Malaysia (X tons) was the main destination for root and tuber exports from Singapore, accounting for a X% share of total exports. Moreover, root and tuber exports to Malaysia exceeded the volume sent to the second major destination, Indonesia (X tons), sixfold. Brunei Darussalam (X tons) ranked third in terms of total exports with a X% share.

From 2012 to 2022, the average annual growth rate of volume to Malaysia stood at X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Indonesia (X% per year) and Brunei Darussalam (X% per year).

In value terms, Malaysia ($X) remains the key foreign market for roots and tubers exports from Singapore, comprising X% of total exports. The second position in the ranking was taken by Brunei Darussalam ($X), with a X% share of total exports. It was followed by the Philippines, with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of value to Malaysia stood at X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Brunei Darussalam (X% per year) and the Philippines (X% per year).

Export Prices by Country

In 2022, the average root and tuber export price amounted to $X per ton, falling by X% against the previous year. Overall, the export price, however, continues to indicate a prominent increase. The growth pace was the most rapid in 2018 an increase of X%. The export price peaked at $X per ton in 2020; however, from 2021 to 2022, the export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the Philippines ($X per ton), while the average price for exports to Indonesia ($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 Timor-Leste (X%), while the prices for the other major destinations experienced more modest paces of growth.

Root And Tuber Imports

Imports into Singapore

In 2022, root and tuber imports into Singapore declined to X tons, falling by X% against 2021. In general, imports, however, saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2016 with an increase of X% against the previous year. Imports peaked at X tons in 2020; however, from 2021 to 2022, imports remained at a lower figure.

In value terms, root and tuber imports rose modestly to $X in 2022. The total import value increased at an average annual rate of X% from 2012 to 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being observed throughout the analyzed period. The pace of growth appeared the most rapid in 2013 with an increase of X% against the previous year. Over the period under review, imports reached the peak figure in 2022 and are expected to retain growth in the immediate term.

Imports by Country

In 2022, China (X tons) constituted the largest root and tuber supplier to Singapore, accounting for a X% share of total imports. Moreover, root and tuber imports from China exceeded the figures recorded by the second-largest supplier, Malaysia (X tons), twofold. The third position in this ranking was held by Indonesia (X tons), with an X% share.

From 2012 to 2022, the average annual growth rate of volume from China was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: Malaysia (X% per year) and Indonesia (X% per year).

In value terms, China ($X) constituted the largest supplier of roots and tubers to Singapore, comprising X% of total imports. The second position in the ranking was taken by Malaysia ($X), with a X% share of total imports. It was followed by Indonesia, with an X% share.

From 2012 to 2022, the average annual growth rate of value from China totaled X%. The remaining supplying countries recorded the following average annual rates of imports growth: Malaysia (X% per year) and Indonesia (X% per year).

Import Prices by Country

The average root and tuber import price stood at $X per ton in 2022, picking up by X% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of X%. The pace of growth was the most pronounced in 2013 an increase of X% against the previous year. The import price peaked in 2022 and is expected to retain growth in the near future.

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

Source: IndexBox Platform

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