Report Update Nov 1, 2024

Singapore - Tomato Juice - Market Analysis, Forecast, Size, Trends and Insights

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Singapore: Tomato Juice Market 2024

Tomato Juice Market Size in Singapore

In 2022, after two years of decline, there was significant growth in the Singaporean tomato juice market, when its value increased by 71% to $X. Overall, consumption, however, saw a pronounced decrease. Tomato juice consumption peaked at $X in 2013; however, from 2014 to 2022, consumption failed to regain momentum.

Tomato Juice Exports

Exports from Singapore

In 2022, shipments abroad of tomato juice was finally on the rise to reach X tons for the first time since 2017, thus ending a four-year declining trend. Overall, exports, however, continue to indicate a abrupt contraction. The pace of growth appeared the most rapid in 2016 when exports increased by 131% against the previous year. The exports peaked at X tons in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

In value terms, tomato juice exports surged to $X in 2022. Over the period under review, exports, however, faced a abrupt contraction. The exports peaked at $X in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Mauritius (X tons) was the main destination for tomato juice exports from Singapore, accounting for a 74% share of total exports. Moreover, tomato juice exports to Mauritius exceeded the volume sent to the second major destination, Vietnam (X tons), sixfold. The third position in this ranking was taken by Malaysia (X tons), with a 9.1% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Mauritius amounted to +29.8%. Exports to the other major destinations recorded the following average annual rates of exports growth: Vietnam (+24.0% per year) and Malaysia (-26.3% per year).

In value terms, Mauritius ($X) remains the key foreign market for tomato juice exports from Singapore, comprising 64% of total exports. The second position in the ranking was taken by Vietnam ($X), with a 17% share of total exports. It was followed by Malaysia, with a 12% share.

From 2012 to 2022, the average annual growth rate of value to Mauritius stood at +28.7%. Exports to the other major destinations recorded the following average annual rates of exports growth: Vietnam (+11.9% per year) and Malaysia (-26.1% per year).

Export Prices by Country

In 2022, the average tomato juice export price amounted to $X per ton, with an increase of 3.2% against the previous year. Overall, the export price, however, showed a noticeable reduction. The pace of growth appeared the most rapid in 2018 when the average export price increased by 36%. Over the period under review, the average export prices reached the maximum at $X per ton in 2014; however, from 2015 to 2022, the export prices remained at a lower figure.

There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Malaysia ($X per ton), while the average price for exports to Mauritius ($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 Japan (+37.6%), while the prices for the other major destinations experienced more modest paces of growth.

Tomato Juice Imports

Imports into Singapore

After two years of decline, purchases abroad of tomato juice increased by 79% to X tons in 2022. Over the period under review, imports, however, saw a pronounced curtailment. Over the period under review, imports hit record highs at X tons in 2013; however, from 2014 to 2022, imports remained at a lower figure.

In value terms, tomato juice imports soared to $X in 2022. Overall, imports, however, continue to indicate a noticeable contraction. Over the period under review, imports reached the peak figure at $X in 2013; however, from 2014 to 2022, imports failed to regain momentum.

Imports by Country

In 2022, Thailand (X tons) constituted the largest tomato juice supplier to Singapore, accounting for a 34% share of total imports. Moreover, tomato juice imports from Thailand exceeded the figures recorded by the second-largest supplier, Cyprus (X tons), twofold. The third position in this ranking was held by Turkey (X tons), with a 12% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from Thailand stood at +53.7%. The remaining supplying countries recorded the following average annual rates of imports growth: Cyprus (+0.3% per year) and Turkey (-10.4% per year).

In value terms, the largest tomato juice suppliers to Singapore were Thailand ($X), Japan ($X) and Cyprus ($X), together accounting for 64% of total imports.

In terms of the main suppliers, Thailand, with a CAGR of +55.3%, 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 more modest paces of growth.

Import Prices by Country

In 2022, the average tomato juice import price amounted to $X per ton, falling by -4.7% against the previous year. In general, the import price recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2021 an increase of 15%. As a result, import price reached the peak level of $X per ton, and then reduced slightly in the following year.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Thailand (+1.1%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for tomato juice in the world?

The countries with the highest volumes of tomato juice consumption in 2021 were Russia, India and Japan, with a combined 53% share of global consumption.

What are the largest producers of tomato juice in the world?

The countries with the highest volumes of tomato juice production in 2021 were Russia, India and Japan, together comprising 52% of global production. These countries were followed by Canada, Spain, France, the UK, Italy, Afghanistan, China, Turkey and Kenya, which together accounted for a further 32%.

What are the leading suppliers of tomato juice to Singapore?

In value terms, the largest tomato juice suppliers to Singapore were the United Arab Emirates, Cyprus and the United States, with a combined 50% share of total imports.

What are the leading importers of tomato juice from Singapore?

In value terms, the largest markets for tomato juice exported from Singapore were Malaysia, Mauritius and Vietnam, with a combined 47% share of total exports.

What is the average export price for tomato juice in Singapore?

In 2021, the average tomato juice export price amounted to $1,187 per ton, with a decrease of -12.3% against the previous year.

What is the average import price for tomato juice in Singapore?

In 2021, the average tomato juice import price amounted to $727 per ton, reducing by -28.1% against the previous year.

This report provides an in-depth analysis of the tomato juice 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 390 - Juice of Tomatoes

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. TOP EXPORTING COUNTRIES
4. 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 VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2023
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 2023
2. Market Volume, In Physical Terms, 2012–2023
3. Market Value, 2012–2023
4. Per Capita Consumption In 2012-2023
5. Imports, In Physical Terms, By Country, 2012–2023
6. Imports, In Value Terms, By Country, 2012–2023
7. Import Prices, By Country Of Origin, 2012–2023
8. Exports, In Physical Terms, By Country, 2012–2023
9. Exports, In Value Terms, By Country, 2012–2023
10. Export Prices, By Country Of Destination, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
5. Trade Balance, In Physical Terms, 2012-2023
6. Trade Balance, In Value Terms, 2012-2023
7. Per Capita Consumption, 2012-2023
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. Exports And Growth
16. Export Prices And Growth
17. Market Size And Growth
18. Per Capita Consumption
19. Imports And Growth
20. Import Prices
21. Production, In Physical Terms, 2012–2023
22. Production, In Value Terms, 2012–2023
23. Imports, In Physical Terms, 2012–2023
24. Imports, In Value Terms, 2012–2023
25. Imports, In Physical Terms, By Country, 2023
26. Imports, In Physical Terms, By Country, 2012–2023
27. Imports, In Value Terms, By Country, 2012–2023
28. Import Prices, By Country Of Origin, 2012–2023
29. Exports, In Physical Terms, 2012–2023
30. Exports, In Value Terms, 2012–2023
31. Exports, In Physical Terms, By Country, 2023
32. Exports, In Physical Terms, By Country, 2012–2023
33. Exports, In Value Terms, By Country, 2012–2023
34. Export Prices, By Country Of Destination, 2012–2023