Singapore: Vegetable Puree Market 2024

Vegetable Puree Market Size in Singapore

The Singaporean vegetable puree market contracted modestly to $X in 2022, falling by -4.2% against the previous year. Over the period under review, consumption saw moderate growth. Over the period under review, the market reached the maximum level at $X in 2020; however, from 2021 to 2022, consumption remained at a lower figure.

Vegetable Puree Production in Singapore

In value terms, vegetable puree production expanded significantly to $X in 2022 estimated in export price. Overall, the total production indicated strong growth from 2012 to 2022: its value increased at an average annual rate of +5.8% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production decreased by -9.1% against 2020 indices. The most prominent rate of growth was recorded in 2020 when the production volume increased by 58% against the previous year. As a result, production reached the peak level of $X. From 2021 to 2022, production growth remained at a somewhat lower figure.

Vegetable Puree Exports

Exports from Singapore

In 2022, the amount of vegetable puree exported from Singapore fell markedly to X tons, waning by -44.4% on the previous year. Overall, exports recorded a significant curtailment. The growth pace was the most rapid in 2016 with an increase of 189%. Over the period under review, the exports hit record highs at X tons in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

In value terms, vegetable puree exports fell significantly to $X in 2022. Over the period under review, exports continue to indicate a significant contraction. The most prominent rate of growth was recorded in 2016 with an increase of 152% against the previous year. The exports peaked at $X in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

Exports by Country

Timor-Leste (X tons), Cambodia (X tons) and Malaysia (X kg) were the main destinations of vegetable puree exports from Singapore.

From 2012 to 2022, the biggest increases were recorded for Timor-Leste (with a CAGR of +4.0%), while shipments for the other leaders experienced a decline.

In value terms, Cambodia ($X), Timor-Leste ($X) and Malaysia ($X) appeared to be the largest markets for vegetable puree exported from Singapore worldwide.

Among the main countries of destination, Timor-Leste, with a CAGR of +14.4%, recorded the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced a decline.

Export Prices by Country

The average vegetable puree export price stood at $X per ton in 2022, reducing by -28.6% against the previous year. Over the period under review, the export price, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2020 an increase of 185%. As a result, the export price reached the peak level of $X per ton. From 2021 to 2022, the average export prices failed to regain momentum.

Average prices varied somewhat for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Cambodia ($X per ton), while the average price for exports to Timor-Leste ($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 Timor-Leste (+10.0%), while the prices for the other major destinations experienced mixed trend patterns.

Vegetable Puree Imports

Imports into Singapore

In 2022, approx. X tons of vegetable puree were imported into Singapore; picking up by 18% compared with 2021. Over the period under review, imports, however, saw a deep reduction. The pace of growth appeared the most rapid in 2020 with an increase of 720% against the previous year. As a result, imports attained the peak of X tons. From 2021 to 2022, the growth of imports remained at a lower figure.

In value terms, vegetable puree imports contracted sharply to $X in 2022. In general, imports, however, showed a abrupt curtailment. The most prominent rate of growth was recorded in 2020 when imports increased by 120% against the previous year. Imports peaked at $X in 2012; however, from 2013 to 2022, imports failed to regain momentum.

Imports by Country

In 2022, China (X tons) constituted the largest supplier of vegetable puree to Singapore, accounting for a 54% share of total imports. Moreover, vegetable puree imports from China exceeded the figures recorded by the second-largest supplier, Poland (X tons), fourfold. France (X tons) ranked third in terms of total imports with a 13% share.

From 2012 to 2022, the average annual growth rate of volume from China amounted to +2.8%. The remaining supplying countries recorded the following average annual rates of imports growth: Poland (-6.1% per year) and France (+27.6% per year).

In value terms, the largest vegetable puree suppliers to Singapore were the United States ($X), Poland ($X) and China ($X), with a combined 63% share of total imports. France, Malaysia, Japan and Greece lagged somewhat behind, together accounting for a further 29%.

Malaysia, with a CAGR of +65.4%, 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

The average vegetable puree import price stood at $X per ton in 2022, which is down by -57.8% against the previous year. Over the period under review, the import price continues to indicate a abrupt decrease. The pace of growth was the most pronounced in 2021 when the average import price increased by 459% against the previous year. As a result, import price reached the peak level of $X per ton, and then dropped sharply in the following year.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Malaysia (+8.5%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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