Singapore: Sausage Market 2024

Sausage Market Size in Singapore

The Singaporean sausage market surged to $X in 2021, growing by 42% against the previous year. Overall, the total consumption indicated a measured increase from 2012 to 2021: its value increased at an average annual rate of +4.1% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption increased by +73.5% against 2016 indices. As a result, consumption attained the peak level and is likely to continue growth in the immediate term.

Sausage Production in Singapore

In value terms, sausage production soared to $X in 2021 estimated in export price. Overall, the total production indicated a remarkable increase from 2012 to 2021: its value increased at an average annual rate of +5.2% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, production increased by +99.9% against 2015 indices. As a result, production attained the peak level and is likely to continue growth in the immediate term.

Sausage Exports

Exports from Singapore

Sausage exports from Singapore fell rapidly to X tons in 2021, declining by -42.2% against the previous year. Overall, exports faced a abrupt decrease. The growth pace was the most rapid in 2019 with an increase of 44% against the previous year. The exports peaked at X tons in 2013; however, from 2014 to 2021, the exports remained at a lower figure.

In value terms, sausage exports rose rapidly to $X in 2021. In general, exports showed a noticeable descent. The most prominent rate of growth was recorded in 2019 with an increase of 18%. Over the period under review, the exports reached the peak figure at $X in 2013; however, from 2014 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

Indonesia (X tons) was the main destination for sausage exports from Singapore, accounting for a 77% share of total exports. Moreover, sausage exports to Indonesia exceeded the volume sent to the second major destination, Timor-Leste (X tons), fourfold. Malaysia (X tons) ranked third in terms of total exports with a 15% share.

From 2012 to 2021, the average annual growth rate of volume to Indonesia was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: Timor-Leste (-17.9% per year) and Malaysia (-16.5% per year).

In value terms, Indonesia ($X) remains the key foreign market for sausages and similar products of meat exports from Singapore, comprising 43% of total exports. The second position in the ranking was held by Timor-Leste ($X), with a 20% share of total exports. It was followed by Hong Kong SAR, with an 8.7% share.

From 2012 to 2021, the average annual growth rate of value to Indonesia was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: Timor-Leste (-11.1% per year) and Hong Kong SAR (+9.5% per year).

Export Prices by Country

The average sausage export price stood at $X per ton in 2021, jumping by 87% against the previous year. Over the period under review, export price indicated a prominent expansion from 2012 to 2021: its price increased at an average annual rate of +7.6% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, sausage export price increased by +118.6% against 2019 indices. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Myanmar ($X per ton), while the average price for exports to Brazil ($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 Myanmar (+9.4%), while the prices for the other major destinations experienced more modest paces of growth.

Sausage Imports

Imports into Singapore

In 2021, approx. X tons of sausages and similar products of meat were imported into Singapore; flattening at 2020. Overall, imports, however, showed a mild shrinkage. The most prominent rate of growth was recorded in 2013 with an increase of 18%. Imports peaked at X tons in 2015; however, from 2016 to 2021, imports failed to regain momentum.

In value terms, sausage imports rose sharply to $X in 2021. Over the period under review, imports, however, recorded a mild setback. The most prominent rate of growth was recorded in 2013 when imports increased by 18% against the previous year. Over the period under review, imports hit record highs at $X in 2015; however, from 2016 to 2021, imports remained at a lower figure.

Imports by Country

In 2021, Brazil (X tons) constituted the largest sausage supplier to Singapore, with a 46% share of total imports. Moreover, sausage imports from Brazil exceeded the figures recorded by the second-largest supplier, the United States (X tons), threefold. The third position in this ranking was taken by Denmark (X tons), with a 10% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from Brazil totaled +4.0%. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (-4.3% per year) and Denmark (-6.4% per year).

In value terms, the largest sausage suppliers to Singapore were the United States ($X), Brazil ($X) and France ($X), together accounting for 59% of total imports. These countries were followed by Thailand, Malaysia, Denmark and Turkey, which together accounted for a further 23%.

Among the main suppliers, Thailand, with a CAGR of +6.8%, saw the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced mixed trend patterns.

Import Prices by Country

The average sausage import price stood at $X per ton in 2021, surging by 12% against the previous year. Over the period under review, the import price continues to indicate a relatively flat trend pattern. The import price peaked at $X per ton in 2014; afterwards, it flattened through to 2021.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by France (+8.2%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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