Singapore: Vegetable Market 2025

Vegetable Market Size in Singapore

After six years of growth, the Singaporean vegetable market decreased by X% to $X in 2022. The market value increased at an average annual rate of X% over the period from 2012 to 2022; the trend pattern remained consistent, with only minor fluctuations being observed in certain years. Vegetable consumption peaked at $X in 2021, and then shrank in the following year.

Vegetable Production in Singapore

In value terms, vegetable production amounted to $X in 2022 estimated in export price. The total output value increased at an average annual rate of X% from 2012 to 2022; the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth was the most pronounced in 2018 when the production volume increased by X% against the previous year. Over the period under review, production hit record highs at $X in 2020; however, from 2021 to 2022, production remained at a lower figure.

In 2022, the average yield of vegetables in Singapore shrank to X tons per ha, stabilizing at the previous year. In general, the yield, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2014 when the yield increased by X%. Over the period under review, the average vegetable yield attained the peak level at X tons per ha in 2021, and then dropped slightly 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 vegetable harvested area in Singapore amounted to X ha, stabilizing at 2021 figures. Over the period under review, the harvested area, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 when the harvested area increased by X%. Over the period under review, the harvested area dedicated to vegetable production attained the maximum at X ha in 2019; however, from 2020 to 2022, the harvested area failed to regain momentum.

Vegetable Exports

Exports from Singapore

In 2022, the amount of vegetables exported from Singapore expanded significantly to X tons, picking up by X% compared with the previous year. Overall, total exports indicated measured growth from 2012 to 2022: its volume increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by X% against 2018 indices. The pace of growth appeared the most rapid in 2013 with an increase of X% against the previous year. As a result, the exports reached the peak of X tons. From 2014 to 2022, the growth of the exports remained at a somewhat lower figure.

In value terms, vegetable exports rose significantly to $X in 2022. Over the period under review, exports, however, continue to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2020 with an increase of X%. Over the period under review, the exports reached the peak figure at $X in 2013; however, from 2014 to 2022, the exports remained at a lower figure.

Exports by Country

Indonesia (X tons) was the main destination for vegetable exports from Singapore, accounting for a X% share of total exports. Moreover, vegetable exports to Indonesia exceeded the volume sent to the second major destination, Malaysia (X tons), threefold.

From 2012 to 2022, the average annual growth rate of volume to Indonesia stood at X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Malaysia (X% per year) and Brunei Darussalam (X% per year).

In value terms, Indonesia ($X), Malaysia ($X) and Brunei Darussalam ($X) were the largest markets for vegetable exported from Singapore worldwide, together accounting for X% of total exports.

Among the main countries of destination, Indonesia, with a CAGR of X%, saw the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced mixed trend patterns.

Export Prices by Country

The average vegetable export price stood at $X per ton in 2022, which is down by X% against the previous year. Over the period under review, the export price continues to indicate a noticeable shrinkage. The most prominent rate of growth was recorded in 2018 when the average export price increased by X% against the previous year. Over the period under review, the average export prices hit record highs at $X per ton in 2012; however, from 2013 to 2022, the export prices stood at a somewhat 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 Brunei Darussalam ($X per ton), while the average price for exports to Indonesia ($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 Brunei Darussalam (X%), while the prices for the other major destinations experienced mixed trend patterns.

Vegetable Imports

Imports into Singapore

In 2022, overseas purchases of vegetables decreased by X% to X tons, falling for the second consecutive year after two years of growth. Overall, imports, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2013 when imports increased by X% against the previous year. Over the period under review, imports attained the maximum at X tons in 2020; however, from 2021 to 2022, imports stood at a somewhat lower figure.

In value terms, vegetable imports declined modestly to $X in 2022. The total import value increased at an average annual rate of X% over the period from 2012 to 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2013 with an increase of X% against the previous year. Over the period under review, imports reached the peak figure at $X in 2021, and then dropped modestly in the following year.

Imports by Country

Malaysia (X tons), China (X tons) and India (X tons) were the main suppliers of vegetable imports to Singapore, with a combined X% share of total imports. Australia, Thailand, Indonesia, Pakistan and the United States lagged somewhat behind, together accounting for a further X%.

From 2012 to 2022, the biggest increases were recorded for Pakistan (with a CAGR of X%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest vegetable suppliers to Singapore were Malaysia ($X), China ($X) and Australia ($X), together accounting for X% of total imports. Thailand, India, Indonesia, the United States and Pakistan lagged somewhat behind, together comprising a further X%.

Pakistan, with a CAGR of X%, recorded the highest growth rate of the value of imports, in terms of the main suppliers 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 vegetable import price amounted to $X per ton, picking up by X% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of X%. The pace of growth was the most pronounced in 2021 an increase of X%. Over the period under review, average import prices attained the peak figure in 2022 and is likely to see steady growth in the near future.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was the United States ($X per ton), while the price for Pakistan ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United States (X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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