Singapore: Vegetable Market 2020

Vegetable Market Size in Singapore

The revenue of the vegetable market in Singapore amounted to $X in 2017, falling by -X% against the previous year. Overall, the total market indicated a remarkable growth from 2007 to 2017: its value increased at an average annual rate of +X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations throughout the analyzed period. The growth pace was the most rapid in 2010, when it surged by X% against the previous year. Over the period under review, the vegetable market attained its maximum level of $X in 2016, and then declined slightly in the following year.

Vegetable Production in Singapore

In 2017, the amount of vegetables produced in Singapore stood at X tons, remaining stable against the previous year. The total output volume increased an average annual rate of +X% over the period from 2007 to 2017; however, the trend pattern indicated some noticeable fluctuations over the period under review. The pace of growth was the most pronounced in 2010, when the output figure increased by X% against the previous year. Over the period under review, the vegetable production attained its peak figure volume of X tons in 2015; however, from 2016 to 2017, it failed to regain its momentum. Vegetable output in Singapore indicated a temperate increase, which was largely conditioned by a temperate growth of the harvested area and a relatively flat trend pattern in yield figures.

Average yield of vegetables in Singapore amounted to X ton per ha in 2017, therefore, remained relatively stable against the previous year. In general, vegetable yield continues to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2010, with an increase of X% against the previous year. Singapore vegetable yield peaked of X ton per ha in 2011; however, from 2012 to 2017, it stood at a somewhat lower level. Despite the increased use of modern agricultural techniques and methods, future yield figures may still be impacted by adverse weather conditions.

In 2017, approx. X ha of vegetables were harvested in Singapore; stabilizing at the previous year. The harvested area increased an average annual rate of +X% over the period from 2007 to 2017; however, the trend pattern indicated some noticeable fluctuations in certain years. The pace of growth was the most pronounced in 2012, with an increase of X% against the previous year. Over the period under review, the harvested area dedicated to vegetable production attained its maximum of X ha in 2015; however, from 2016 to 2017, it failed to regain its momentum.

Vegetable Exports from Singapore

In 2017, approx. X tons of vegetables were exported from Singapore; growing by X% against the previous year. In general, vegetable exports continue to indicate a prominent expansion. The most prominent rate of growth was recorded in 2015, with an increase of X% against the previous year. Over the period under review, the vegetable exports reached its peak figure volume in 2017, and are likely to see steady growth in the immediate term.

In value terms, vegetable exports amounted to $X in 2017. Overall, the total exports indicated a remarkable increase from 2007 to 2017: its value increased at an average annual rate of +X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations throughout the analyzed period. Singapore exports peaked of $X in 2016, and then declined slightly in the following year.

Vegetable Exports by Country from Singapore

In 2017, the Netherlands (X tons), Mexico (X tons), Spain (X tons) and China (X tons) were the largest exporters of vegetables in the world, achieving X% of total export. France (X tons) ranks second in terms of the global exports with a X% share, followed by the U.S. (X%). India (X tons), Germany (X tons), Belgium (X tons), Canada (X tons), Italy (X tons) and Egypt (X tons) held the weak share of total exports.

From 2007 to 2017, the most notable rate of growth in terms of exports, amongst the main exporting countries, was attained by India (+X% per year), while the other leaders experienced more modest paces of growth.

In value terms, the largest vegetable markets worldwide were the Netherlands ($X), Spain ($X) and Mexico ($X), together comprising X% of total exports. These countries were followed by China, the U.S., France, Canada, Italy, Belgium, Germany, India, Egypt and Singapore, which together accounted for a further X%.

China (+X% per year) experienced the highest growth rate of exports, among the main exporting countries over the last decade, while the other leaders experienced more modest paces of growth.

Vegetable Export Prices by Country in Singapore

In 2017, the vegetable export price in Singapore amounted to $X per ton, coming down by -X% against the previous year. In general, vegetable export price continues to indicate a mild decline. The pace of growth was the most pronounced in 2008, an increase of X% year-to-year. Singapore export price peaked of $X per ton in 2012; however, from 2013 to 2017, it stood at a somewhat lower level.

There were significant differences in the average export prices amongst the major exporting countries. In 2017, the country with the highest export price was Italy ($X per ton), while India ($X per ton) was amongst the lowest.

From 2007 to 2017, the most notable rate of growth in terms of export prices was attained by China (+X% per year), while the other leaders experienced more modest paces of growth.

Vegetable Imports into Singapore

In 2017, approx. X tons of vegetables were imported into Singapore; shrinking by -X% against the previous year. The total import volume increased an average annual rate of +X% over the period from 2007 to 2017; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being observed throughout the analyzed period. The most prominent rate of growth was recorded in 2013, when imports increased by X% year-to-year. Over the period under review, the vegetable imports attained its maximum volume of X tons in 2016, and then declined slightly in the following year.

In value terms, vegetable imports amounted to $X in 2017. Overall, the total imports indicated a prominent growth from 2007 to 2017: its value increased at an average annual rate of +X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations throughout the analyzed period. Singapore imports peaked of $X in 2016, and then declined slightly in the following year.

Vegetable Imports by Country into Singapore

In 2017, the U.S. (X tons), distantly followed by Germany (X tons), the Netherlands (X tons), Belgium (X tons), the UK (X tons) and France (X tons) represented the main importers of vegetables, together making up X% of total imports. Canada (X tons), Russia (X tons), the United Arab Emirates (X tons), Malaysia (X tons), Spain (X tons) and Italy (X tons) held the minor share of total imports.

Imports into the U.S. increased at an average annual rate of +X% from 2007 to 2017. At the same time, the United Arab Emirates (+X%), Malaysia (+X%), the Netherlands (+X%), Belgium (+X%), Germany (+X%), Italy (+X%) and Canada (+X%) displayed positive paces of growth. Moreover, the United Arab Emirates emerged as the fastest growing importer in the world, with a CAGR of +X% from 2007-2017. France, Spain, the UK and Russia experienced a relatively flat trend pattern. From 2007 to 2017, the share of Belgium, the Netherlands and the U.S. decreased by -X%, -X% and -X% percentage points, while the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the U.S. ($X), Germany ($X) and the UK ($X) appeared to be the countries with the highest levels of imports in 2017, with a combined X% share of total imports. France, Canada, the Netherlands, Russia, Belgium, Italy, Spain, the United Arab Emirates, Malaysia and Singapore lagged somewhat behind, together comprising a further X%.

Among the main importing countries , the United Arab Emirates (+X% per year) experienced the highest rates of growth with regard to imports, over the last decade, while the other leaders experienced more modest paces of growth.

Vegetable Import Prices by Country in Singapore

In 2017, the vegetable import price in Singapore amounted to $X per ton, shrinking by -X% against the previous year. Over the period from 2007 to 2017, it increased at an average annual rate of +X%. The most prominent rate of growth was recorded in 2010, an increase of X% against the previous year. Over the period under review, the import prices for vegetables reached its maximum level of $X per ton in 2013; however, from 2014 to 2017, it stood at a somewhat lower level.

Import prices varied noticeably by the country of destination; the country with the highest import price was Germany ($X per ton), while Belgium ($X per ton) was amongst the lowest.

From 2007 to 2017, the most notable rate of growth in terms of import prices was attained by Malaysia (+X% per year), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform