Singapore: Temporarily Preserved Vegetable Market 2025

Temporarily Preserved Vegetable Market Size in Singapore

In 2022, the Singaporean temporarily preserved vegetable market decreased by -8% to $X, falling for the second consecutive year after three years of growth. Overall, consumption saw a noticeable curtailment. As a result, consumption attained the peak level of $X. From 2021 to 2022, the growth of the market remained at a somewhat lower figure.

Temporarily Preserved Vegetable Exports

Exports from Singapore

In 2022, exports of vegetables (temporarily preserved) from Singapore soared to X tons, picking up by 17% compared with the previous year. In general, exports, however, saw a perceptible curtailment. The pace of growth appeared the most rapid in 2020 with an increase of 211% against the previous year. As a result, the exports attained the peak of X tons. From 2021 to 2022, the growth of the exports remained at a somewhat lower figure.

In value terms, temporarily preserved vegetable exports reduced markedly to $X in 2022. Over the period under review, exports, however, showed a abrupt shrinkage. The pace of growth appeared the most rapid in 2021 when exports increased by 1,554% against the previous year. As a result, the exports attained the peak of $X, and then contracted significantly in the following year.

Exports by Country

Hong Kong SAR (X tons) was the main destination for temporarily preserved vegetable exports from Singapore, with a 41% share of total exports. Moreover, temporarily preserved vegetable exports to Hong Kong SAR exceeded the volume sent to the second major destination, China (X tons), twofold. Indonesia (X tons) ranked third in terms of total exports with a 19% share.

From 2012 to 2022, the average annual growth rate of volume to Hong Kong SAR amounted to +138.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: China (+52.1% per year) and Indonesia (-13.8% per year).

In value terms, Hong Kong SAR ($X) emerged as the key foreign market for vegetables (temporarily preserved) exports from Singapore, comprising 45% of total exports. The second position in the ranking was held by Indonesia ($X), with a 17% share of total exports. It was followed by China, with a 14% share.

From 2012 to 2022, the average annual rate of growth in terms of value to Hong Kong SAR amounted to +124.7%. Exports to the other major destinations recorded the following average annual rates of exports growth: Indonesia (-16.9% per year) and China (+52.6% per year).

Export Prices by Country

The average temporarily preserved vegetable export price stood at $X per ton in 2022, declining by -95.6% against the previous year. In general, the export price saw a pronounced decrease. The pace of growth was the most pronounced in 2021 an increase of 2,985% against the previous year. As a result, the export price attained the peak level of $X per ton, and then dropped dramatically in the following year.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Bangladesh ($X per ton), while the average price for exports to Malaysia ($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 Germany (+257.4%), while the prices for the other major destinations experienced more modest paces of growth.

Temporarily Preserved Vegetable Imports

Imports into Singapore

In 2022, purchases abroad of vegetables (temporarily preserved) decreased by -3.9% to X tons, falling for the second consecutive year after three years of growth. Overall, imports recorded a abrupt decline. The most prominent rate of growth was recorded in 2020 when imports increased by 41%. Over the period under review, imports hit record highs at X tons in 2013; however, from 2014 to 2022, imports stood at a somewhat lower figure.

In value terms, temporarily preserved vegetable imports contracted to $X in 2022. Over the period under review, imports recorded a mild downturn. The pace of growth was the most pronounced in 2020 when imports increased by 44% against the previous year. As a result, imports reached the peak of $X. From 2021 to 2022, the growth of imports failed to regain momentum.

Imports by Country

In 2022, China (X tons) was the main temporarily preserved vegetable supplier to Singapore, with a approx. 97% share of total imports.

From 2012 to 2022, the average annual growth rate of volume from China amounted to -6.5%.

In value terms, China ($X) constituted the largest supplier of vegetables (temporarily preserved) to Singapore.

From 2012 to 2022, the average annual rate of growth in terms of value from China was relatively modest.

Import Prices by Country

In 2022, the average temporarily preserved vegetable import price amounted to $X per ton, shrinking by -2.9% against the previous year. In general, import price indicated a resilient expansion from 2012 to 2022: its price increased at an average annual rate of +5.2% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, temporarily preserved vegetable import price increased by +8.4% against 2016 indices. The pace of growth was the most pronounced in 2016 an increase of 24%. Over the period under review, average import prices attained the peak figure at $X per ton in 2021, and then dropped in the following year.

As there is only one major supplying country, the average price level is determined by prices for China.

From 2012 to 2022, the rate of growth in terms of prices for China amounted to +6.0% per year.

Source: IndexBox Platform

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