Singapore: Spinach Market 2025

Spinach Market Size in Singapore

In 2022, after ten years of growth, there was decline in the Singaporean spinach market, when its value decreased by -4.3% to $X. Over the period under review, the total consumption indicated a perceptible expansion from 2012 to 2022: its value increased at an average annual rate of +4.2% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Spinach consumption peaked at $X in 2021, and then declined modestly in the following year.

Spinach Production in Singapore

In value terms, spinach production contracted slightly to $X in 2022 estimated in export price. Overall, the total production indicated a measured expansion from 2012 to 2022: its value increased at an average annual rate of +4.9% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production increased by +82.9% against 2016 indices. The pace of growth was the most pronounced in 2017 with an increase of 37%. Spinach production peaked at $X in 2021, and then dropped modestly in the following year.

In 2022, the average spinach yield in Singapore declined to X tons per ha, standing approx. at the previous year. In general, the yield, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 when the yield increased by 1.3% against the previous year. The spinach yield peaked at X tons per ha in 2021, and then declined in the following year. 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 spinach production in Singapore amounted to X ha, remaining constant against the year before. Over the period under review, the harvested area saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2013 with an increase of 1% against the previous year. The spinach harvested area peaked at X ha in 2018; however, from 2019 to 2022, the harvested area stood at a somewhat lower figure.

Spinach Exports

Exports from Singapore

In 2022, the amount of spinach exported from Singapore declined significantly to X tons, which is down by -21.8% compared with the year before. Overall, exports, however, posted a buoyant increase. The pace of growth was the most pronounced in 2020 when exports increased by 222%. As a result, the exports attained the peak of X tons. From 2021 to 2022, the growth of the exports failed to regain momentum.

In value terms, spinach exports shrank notably to $X in 2022. Over the period under review, exports, however, continue to indicate strong growth. The growth pace was the most rapid in 2020 with an increase of 333%. As a result, the exports attained the peak of $X. From 2021 to 2022, the growth of the exports failed to regain momentum.

Exports by Country

Malaysia (X tons) was the main destination for spinach exports from Singapore, accounting for a 90% share of total exports. Moreover, spinach exports to Malaysia exceeded the volume sent to the second major destination, Brunei Darussalam (X tons), tenfold.

From 2012 to 2022, the average annual growth rate of volume to Malaysia amounted to +15.6%.

In value terms, Malaysia ($X) remains the key foreign market for spinach exports from Singapore, comprising 93% of total exports. The second position in the ranking was held by Brunei Darussalam ($X), with a 6.3% share of total exports.

From 2012 to 2022, the average annual growth rate of value to Malaysia amounted to +17.8%.

Export Prices by Country

The average spinach export price stood at $X per ton in 2022, shrinking by -37% against the previous year. Over the period under review, the export price, however, saw a mild increase. The most prominent rate of growth was recorded in 2017 an increase of 64% against the previous year. The export price peaked at $X per ton in 2021, and then plummeted in the following year.

Average prices varied somewhat for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Malaysia ($X per ton), while the average price for exports to Brunei Darussalam stood at $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Malaysia (+1.8%).

Spinach Imports

Imports into Singapore

In 2022, supplies from abroad of spinach decreased by -9.8% to X tons, falling for the second consecutive year after two years of growth. Overall, imports saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2020 when imports increased by 9.4% against the previous year. As a result, imports reached the peak of X tons. From 2021 to 2022, the growth of imports remained at a lower figure.

In value terms, spinach imports fell to $X in 2022. Over the period under review, total imports indicated a pronounced expansion from 2012 to 2022: its value increased at an average annual rate of +4.5% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2020 with an increase of 20%. Over the period under review, imports hit record highs at $X in 2021, and then fell in the following year.

Imports by Country

In 2022, Malaysia (X tons) constituted the largest supplier of spinach to Singapore, with a 76% share of total imports. Moreover, spinach imports from Malaysia exceeded the figures recorded by the second-largest supplier, China (X tons), fourfold.

From 2012 to 2022, the average annual rate of growth in terms of volume from Malaysia amounted to -1.3%.

In value terms, the largest spinach suppliers to Singapore were Malaysia ($X) and China ($X).

China, with a CAGR of +4.1%, recorded the highest rates of growth with regard to the value of imports, in terms of the main suppliers over the period under review.

Import Prices by Country

The average spinach import price stood at $X per ton in 2022, increasing by 5.1% against the previous year. Overall, import price indicated a moderate increase from 2012 to 2022: its price increased at an average annual rate of +4.8% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, spinach import price increased by +61.5% against 2015 indices. The growth pace was the most rapid in 2017 an increase of 13%. The import price peaked in 2022 and is likely to continue growth in the immediate term.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was China ($X per ton), while the price for Malaysia stood at $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Malaysia (+4.8%).

Source: IndexBox Platform

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