Singapore: Tomato Market 2024

Tomato Market Size in Singapore

In 2021, the Singaporean tomato market increased by 2.6% to $X, rising for the fifth consecutive year after two years of decline. The market value increased at an average annual rate of +3.8% over the period from 2012 to 2021; the trend pattern remained consistent, with only minor fluctuations being recorded throughout the analyzed period. Tomato consumption peaked in 2021 and is expected to retain growth in the near future.

Tomato Production in Singapore

In value terms, tomato production surged to $X in 2021 estimated in export price. Overall, production continues to indicate a moderate increase. The most prominent rate of growth was recorded in 2014 when the production volume increased by 129% against the previous year. Tomato production peaked at $X in 2017; however, from 2018 to 2021, production stood at a somewhat lower figure.

In 2021, the average yield of tomatoes in Singapore expanded sharply to X tons per ha, increasing by 8.9% against the previous year. Over the period under review, the yield, however, continues to indicate a slight downturn. The pace of growth appeared the most rapid in 2014 with an increase of 13% against the previous year. As a result, the yield attained the peak level of X tons per ha. From 2015 to 2021, the growth of the average tomato 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.

The tomato harvested area in Singapore surged to X ha in 2021, with an increase of 33% on 2020. In general, the harvested area continues to indicate a relatively flat trend pattern. Over the period under review, the harvested area dedicated to tomato production reached the maximum at X ha in 2017; however, from 2018 to 2021, the harvested area remained at a lower figure.

Tomato Exports

Exports from Singapore

After four years of decline, shipments abroad of tomatoes increased by 16% to X tons in 2021. Over the period under review, exports showed measured growth. The growth pace was the most rapid in 2014 with an increase of 357% against the previous year. Over the period under review, the exports attained the peak figure at X tons in 2016; however, from 2017 to 2021, the exports remained at a lower figure.

In value terms, tomato exports skyrocketed to $X in 2021. Overall, exports saw prominent growth. The most prominent rate of growth was recorded in 2014 when exports increased by 373%. Over the period under review, the exports reached the peak figure at $X in 2016; however, from 2017 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

Brunei Darussalam (X tons) was the main destination for tomato exports from Singapore, accounting for a 64% share of total exports. Moreover, tomato exports to Brunei Darussalam exceeded the volume sent to the second major destination, Indonesia (X tons), fourfold. The third position in this ranking was taken by Belgium (X tons), with a 10% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to Brunei Darussalam totaled +19.7%. Exports to the other major destinations recorded the following average annual rates of exports growth: Indonesia (+26.6% per year) and Belgium (0.0% per year).

In value terms, Brunei Darussalam ($X) remains the key foreign market for tomato exports from Singapore, comprising 54% of total exports. The second position in the ranking was taken by Malaysia ($X), with a 16% share of total exports. It was followed by Belgium, with a 14% share.

From 2012 to 2021, the average annual growth rate of value to Brunei Darussalam totaled +18.8%. Exports to the other major destinations recorded the following average annual rates of exports growth: Malaysia (+22.7% per year) and Belgium (0.0% per year).

Export Prices by Country

The average tomato export price stood at $X per ton in 2021, picking up by 8.1% against the previous year. Overall, export price indicated temperate growth from 2012 to 2021: its price increased at an average annual rate of +4.8% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, tomato export price increased by +7.4% against 2018 indices. The pace of growth was the most pronounced in 2017 an increase of 49%. Over the period under review, the average export prices attained the maximum in 2021 and is expected to retain growth in the near future.

Prices varied noticeably country of destination: the country with the highest price was Malaysia ($X per ton), while the average price for exports to Indonesia ($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 the United Arab Emirates (+21.8%), while the prices for the other major destinations experienced more modest paces of growth.

Tomato Imports

Imports into Singapore

After three years of growth, overseas purchases of tomatoes decreased by -3.1% to X tons in 2021. Over the period under review, imports, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2016 when imports increased by 5.5%. As a result, imports reached the peak of X tons. From 2017 to 2021, the growth of imports remained at a somewhat lower figure.

In value terms, tomato imports rose to $X in 2021. The total import value increased at an average annual rate of +4.5% over the period from 2012 to 2021; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2014 with an increase of 30%. Over the period under review, imports reached the peak figure in 2021 and are likely to see steady growth in the immediate term.

Imports by Country

In 2021, Malaysia (X tons) was the main tomato supplier to Singapore, accounting for a 92% share of total imports. It was followed by the Netherlands (X tons), with a 1.8% share of total imports. The third position in this ranking was held by Vietnam (X tons), with a 1.6% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from Malaysia was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: the Netherlands (+11.5% per year) and Vietnam (+7.5% per year).

In value terms, Malaysia ($X) constituted the largest supplier of tomato to Singapore, comprising 72% of total imports. The second position in the ranking was held by the Netherlands ($X), with a 12% share of total imports. It was followed by Thailand, with a 2.9% share.

From 2012 to 2021, the average annual growth rate of value from Malaysia stood at +2.8%. The remaining supplying countries recorded the following average annual rates of imports growth: the Netherlands (+16.4% per year) and Thailand (+1.7% per year).

Import Prices by Country

The average tomato import price stood at $X per ton in 2021, surging by 6.9% against the previous year. Over the last nine-year period, it increased at an average annual rate of +4.0%. The most prominent rate of growth was recorded in 2014 when the average import price increased by 25%. Over the period under review, average import prices reached the maximum in 2021 and is likely to continue growth in the near future.

There were significant differences in the average prices amongst the major supplying countries. In 2021, the country with the highest price was the Netherlands ($X per ton), while the price for Vietnam ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the Netherlands (+4.4%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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