Singapore - Avocados - Market Analysis, Forecast, Size, Trends and Insights
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View PricingAvocado Price in Singapore - 2022
Contents:
- Avocado Price in Singapore (CIF) - 2022
- Avocado Price in Singapore (FOB) - 2022
- Avocado Imports in Singapore
- Avocado Exports in Singapore
Avocado Price in Singapore (CIF) - 2022
In September 2022, the average avocado import price amounted to $5,129 per ton, shrinking by -2% against the previous month. Overall, import price indicated a pronounced increase from September 2021 to September 2022: its price increased at an average monthly rate of +3.8% over the last twelve-month period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on September 2022 figures, avocado import price increased by +31.9% against July 2022 indices. The pace of growth appeared the most rapid in January 2022 an increase of 45% month-to-month. Over the period under review, average import prices reached the peak figure at $5,600 per ton in March 2022; however, from April 2022 to September 2022, import prices remained at a lower figure.
Prices varied noticeably by the country of origin: the country with the highest price was Mexico ($6,485 per ton), while the price for Kenya ($2,375 per ton) was amongst the lowest.
From September 2021 to September 2022, the most notable rate of growth in terms of prices was attained by Australia (+4.5%), while the prices for the other major suppliers experienced more modest paces of growth.
Avocado Price in Singapore (FOB) - 2022
In September 2022, the average avocado export price amounted to $6,036 per ton, standing approximately at the previous month. Over the period under review, export price indicated a strong expansion from September 2021 to September 2022: its price increased at an average monthly rate of +5.1% over the last twelve-month period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on September 2022 figures, avocado export price decreased by -6.1% against June 2022 indices. The pace of growth was the most pronounced in June 2022 when the average export price increased by 39% against the previous month. As a result, the export price attained the peak level of $6,429 per ton. From July 2022 to September 2022, the the average export prices remained at a lower figure.
Prices varied noticeably by the country of destination: the country with the highest price was Indonesia ($8,007 per ton), while the average price for exports to Malaysia ($5,184 per ton) was amongst the lowest.
From September 2021 to September 2022, the most notable rate of growth in terms of prices was recorded for supplies to Indonesia (+6.3%), while the prices for the other major destinations experienced more modest paces of growth.
Avocado Imports in Singapore
In 2022, supplies from abroad of avocados decreased by -13.9% to 5.5K tons for the first time since 2018, thus ending a three-year rising trend. Overall, imports, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 with an increase of 15%. As a result, imports reached the peak of 6.4K tons, and then dropped in the following year.
In value terms, avocado imports shrank to $20M in 2022. In general, imports, however, saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2020 when imports increased by 8.4% against the previous year.
| Import of Avocado in Singapore (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Australia | 7.6 | 5.2 | 10.6 | 15.5 | 26.8% |
| New Zealand | 2.2 | 1.5 | 1.7 | 1.5 | -12.0% |
| Kenya | 1.2 | 1.7 | 1.2 | 1.2 | 0.0% |
| United States | 0.8 | 5.1 | 3.9 | 0.6 | -9.1% |
| Mexico | 6.1 | 5.9 | 3.8 | 0.2 | -68.0% |
| South Africa | 1.2 | 0.8 | N/A | 0.1 | -56.3% |
| Vietnam | N/A | 0.1 | 0.1 | 0.1 | 0.0% |
| Others | 0.5 | 0.9 | 0.7 | 0.7 | 11.9% |
| Total | 19.5 | 21.2 | 22.1 | 19.9 | 0.7% |
Top Suppliers of Avocado to Singapore in 2022:
- Australia (4030.4 tons)
- Kenya (481.0 tons)
- New Zealand (462.4 tons)
- United States (119.0 tons)
- Vietnam (84.4 tons)
- Mexico (56.9 tons)
- South Africa (53.4 tons)
Avocado Exports in Singapore
Avocado exports from Singapore dropped notably to 341 tons in 2022, falling by -15.6% on the previous year's figure. Over the period under review, exports showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 with an increase of 38% against the previous year. As a result, the exports attained the peak of 404 tons, and then dropped notably in the following year.
In value terms, avocado exports totaled $1.4M in 2022. In general, exports saw a perceptible decline. The growth pace was the most rapid in 2021 when exports increased by 3.9% against the previous year.
| Export of Avocado in Singapore (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Malaysia | 1,030 | 723 | 918 | 920 | -3.7% |
| Brunei Darussalam | 383 | 494 | 358 | 364 | -1.7% |
| Indonesia | 21.5 | 26.1 | 44.5 | 57.2 | 38.6% |
| Cambodia | 66.1 | 54.2 | 35.9 | 26.5 | -26.3% |
| Others | 12.6 | 7.5 | N/A | 3.6 | -34.1% |
| Total | 1,514 | 1,305 | 1,356 | 1,371 | -3.3% |
Top Export Markets for Avocado from Singapore in 2022:
- Malaysia (256.3 tons)
- Brunei Darussalam (68.2 tons)
- Indonesia (12.4 tons)
- Cambodia (4.1 tons)
This report provides an in-depth analysis of the avocado market in Singapore. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.
Product coverage:
- FCL 572 - Avocados
Country coverage:
- Singapore
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in Singapore
- Export and import prices
- Market trends, drivers and restraints
- Key market players and their profiles
Reasons to buy this report:
- Take advantage of the latest data
- Find deeper insights into current market developments
- Discover vital success factors affecting the market
This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.
In this report, you can find information that helps you to make informed decisions on the following issues:
- How to diversify your business and benefit from new market opportunities
- How to load your idle production capacity
- How to boost your sales on overseas markets
- How to increase your profit margins
- How to make your supply chain more sustainable
- How to reduce your production and supply chain costs
- How to outsource production to other countries
- How to prepare your business for global expansion
While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
-
2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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5. MOST PROMISING SUPPLYING COUNTRIES
Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- COUNTRIES WITH TOP YIELDS
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION, HARVESTED AREA AND YIELD
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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10. PROFILES OF MAJOR PRODUCERS
The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO -
LIST OF TABLES
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption In 2012-2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
- Trade Balance, In Physical Terms, 2012-2023
- Trade Balance, In Value Terms, 2012-2023
- Per Capita Consumption, 2012-2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Yield And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Area Harvested, 2012–2023
- Yield, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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