Singapore: Market for Vegetables (Preserved, Frozen) 2025

Market Size for Vegetables (Preserved, Frozen) in Singapore

The Singaporean preserved and frozen vegetable market surged to $X in 2022, increasing by 17% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Overall, the total consumption indicated a resilient expansion from 2012 to 2022: its value increased at an average annual rate of +6.2% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption increased by +50.5% against 2020 indices. Over the period under review, the market attained the peak level in 2022 and is expected to retain growth in the immediate term.

Exports of Vegetables (Preserved, Frozen)

Exports from Singapore

In 2022, exports of vegetables (preserved, frozen) from Singapore skyrocketed to X tons, picking up by 1,460% against the year before. Over the period under review, exports enjoyed a significant expansion. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

In value terms, preserved and frozen vegetable exports skyrocketed to $X in 2022. In general, exports enjoyed a prominent increase. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

The Philippines (X tons) was the main destination for preserved and frozen vegetable exports from Singapore, with a 52% share of total exports. Moreover, preserved and frozen vegetable exports to the Philippines exceeded the volume sent to the second major destination, Saudi Arabia (X tons), threefold. The third position in this ranking was held by Malaysia (X tons), with a 13% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to the Philippines totaled +139.6%. Exports to the other major destinations recorded the following average annual rates of exports growth: Saudi Arabia (+119.6% per year) and Malaysia (+5.2% per year).

In value terms, the Philippines ($X) emerged as the key foreign market for vegetables (preserved, frozen) exports from Singapore, comprising 49% of total exports. The second position in the ranking was held by Saudi Arabia ($X), with a 17% share of total exports. It was followed by Malaysia, with a 13% share.

From 2012 to 2022, the average annual rate of growth in terms of value to the Philippines totaled +112.6%. Exports to the other major destinations recorded the following average annual rates of exports growth: Saudi Arabia (+83.0% per year) and Malaysia (+7.6% per year).

Export Prices by Country

In 2022, the average preserved and frozen vegetable export price amounted to $X per ton, falling by -15.5% against the previous year. In general, the export price recorded a mild reduction. The pace of growth appeared the most rapid in 2014 when the average export price increased by 56% against the previous year. The export price peaked at $X per ton in 2015; however, from 2016 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 Indonesia ($X per ton), while the average price for exports to the United Arab Emirates ($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 Malaysia (+2.3%), while the prices for the other major destinations experienced mixed trend patterns.

Imports of Vegetables (Preserved, Frozen)

Imports into Singapore

Preserved and frozen vegetable imports into Singapore skyrocketed to X tons in 2022, growing by 18% on the previous year's figure. The total import volume increased at an average annual rate of +4.6% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The growth pace was the most rapid in 2021 with an increase of 22% against the previous year. Imports peaked in 2022 and are expected to retain growth in the immediate term.

In value terms, preserved and frozen vegetable imports skyrocketed to $X in 2022. Overall, total imports indicated a buoyant expansion from 2012 to 2022: its value increased at an average annual rate of +7.1% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +65.3% against 2020 indices. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2022, the United States (X tons) constituted the largest preserved and frozen vegetable supplier to Singapore, with a 61% share of total imports. Moreover, preserved and frozen vegetable imports from the United States exceeded the figures recorded by the second-largest supplier, Belgium (X tons), sixfold. The third position in this ranking was held by the Netherlands (X tons), with a 10% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from the United States stood at +2.9%. The remaining supplying countries recorded the following average annual rates of imports growth: Belgium (+21.7% per year) and the Netherlands (+10.4% per year).

In value terms, the United States ($X) constituted the largest supplier of vegetables (preserved, frozen) to Singapore, comprising 64% of total imports. The second position in the ranking was held by Belgium ($X), with a 9.1% share of total imports. It was followed by the Netherlands, with an 8.8% share.

From 2012 to 2022, the average annual growth rate of value from the United States stood at +5.9%. The remaining supplying countries recorded the following average annual rates of imports growth: Belgium (+26.4% per year) and the Netherlands (+15.1% per year).

Import Prices by Country

In 2022, the average preserved and frozen vegetable import price amounted to $X per ton, rising by 9.1% against the previous year. Over the last decade, it increased at an average annual rate of +2.4%. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

Average prices varied somewhat amongst the major supplying countries. In 2022, amid the top importers, the highest price was recorded for prices from Canada ($X per ton) and the United States ($X per ton), while the price for France ($X per ton) and Germany ($X per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the Netherlands (+4.3%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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