Singapore: Wheat Gluten Market 2024

Wheat Gluten Market Size in Singapore

The Singaporean wheat gluten market stood at $X in 2022, picking up by 3% against the previous year. In general, the total consumption indicated tangible growth from 2012 to 2022: its value increased at an average annual rate of +4.4% 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 +20.3% against 2019 indices. Wheat gluten consumption peaked at $X in 2018; however, from 2019 to 2022, consumption failed to regain momentum.

Wheat Gluten Production in Singapore

In value terms, wheat gluten production amounted to $X in 2022 estimated in export price. In general, production showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2019 with a decrease of 99.9%. Over the period under review, production hit record highs in 2022 and is expected to retain growth in the near future.

Wheat Gluten Exports

Exports from Singapore

Wheat gluten exports from Singapore dropped to X tons in 2022, which is down by -11.7% compared with the previous year. Overall, exports saw a slight setback. The growth pace was the most rapid in 2021 when exports increased by 520%. The exports peaked at X tons in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

In value terms, wheat gluten exports contracted to $X in 2022. In general, exports, however, continue to indicate notable growth. The pace of growth was the most pronounced in 2021 with an increase of 533% against the previous year. As a result, the exports attained the peak of $X, and then dropped in the following year.

Exports by Country

Malaysia (X tons) was the main destination for wheat gluten exports from Singapore, accounting for a 91% share of total exports. Moreover, wheat gluten exports to Malaysia exceeded the volume sent to the second major destination, Sri Lanka (X tons), more than tenfold.

From 2012 to 2022, the average annual rate of growth in terms of volume to Malaysia totaled +3.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: Sri Lanka (-6.7% per year) and Indonesia (-17.8% per year).

In value terms, Malaysia ($X) remains the key foreign market for wheat gluten exports from Singapore, comprising 92% of total exports. The second position in the ranking was taken by Sri Lanka ($X), with a 6.4% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of value to Malaysia totaled +8.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: Sri Lanka (-5.3% per year) and Indonesia (-19.3% per year).

Export Prices by Country

The average wheat gluten export price stood at $X per ton in 2022, growing by 7.3% against the previous year. Overall, export price indicated resilient growth from 2012 to 2022: its price increased at an average annual rate of +6.5% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, wheat gluten export price increased by +104.2% against 2019 indices. The pace of growth was the most pronounced in 2020 when the average export price increased by 86%. Over the period under review, the average export prices reached the maximum in 2022 and is expected to retain growth in years to come.

There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, 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 2022, the most notable rate of growth in terms of prices was recorded for supplies to Malaysia (+4.8%), while the prices for the other major destinations experienced mixed trend patterns.

Wheat Gluten Imports

Imports into Singapore

Wheat gluten imports into Singapore contracted to X tons in 2022, which is down by -10.6% on the previous year. Over the period under review, imports, however, continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 with an increase of 22%. Imports peaked at X tons in 2020; however, from 2021 to 2022, imports failed to regain momentum.

In value terms, wheat gluten imports expanded markedly to $X in 2022. Overall, total imports indicated pronounced growth from 2012 to 2022: its value increased at an average annual rate of +4.6% 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 +3.1% against 2018 indices. The most prominent rate of growth was recorded in 2018 with an increase of 25%. Over the period under review, imports reached the peak figure in 2022 and are expected to retain growth in the immediate term.

Imports by Country

The Netherlands (X tons), France (X tons) and Austria (X tons) were the main suppliers of wheat gluten imports to Singapore, with a combined 66% share of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Austria (with a CAGR of +26.5%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest wheat gluten suppliers to Singapore were the Netherlands ($X), France ($X) and China ($X), together accounting for 64% of total imports. Austria, Belgium, Germany and Slovenia lagged somewhat behind, together accounting for a further 28%.

Austria, with a CAGR of +26.6%, saw the highest rates of growth with regard to 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 wheat gluten import price stood at $X per ton in 2022, picking up by 18% against the previous year. Over the last decade, it increased at an average annual rate of +3.9%. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+6.3%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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