Price for Mollusc Preparations; Abalone, Prepared or Preserved in Singapore - 2023
Contents:
- Price for Mollusc Preparations; Abalone, Prepared or Preserved in Singapore (CIF) - 2023
- Price for Mollusc Preparations; Abalone, Prepared or Preserved in Singapore (FOB) - 2022
- Imports of Mollusc Preparations; Abalone, Prepared or Preserved in Singapore
- Exports of Mollusc Preparations; Abalone, Prepared or Preserved in Singapore
Price for Mollusc Preparations; Abalone, Prepared or Preserved in Singapore (CIF) - 2023
In September 2022, the average import price for mollusc preparations; abalone, prepared or preserveds amounted to $35,500 per ton, reducing by -7.6% against the previous month. Over the period under review, the import price recorded a abrupt contraction. The growth pace was the most rapid in August 2022 an increase of 31% month-to-month. The import price peaked at $43,710 per ton in June 2022; however, from July 2022 to September 2022, import prices stood at a somewhat lower figure.
There were significant differences in the average prices amongst the major supplying countries. In September 2022, the country with the highest price was New Zealand ($76,421 per ton), while the price for Malaysia ($12,194 per ton) was amongst the lowest.
From June 2022 to September 2022, the most notable rate of growth in terms of prices was attained by New Zealand (+23.2%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Mollusc Preparations; Abalone, Prepared or Preserved in Singapore (FOB) - 2022
The average export price for mollusc preparations; abalone, prepared or preserveds stood at $29,358 per ton in 2022, dropping by -6% against the previous year. Overall, the export price recorded a abrupt decrease. The growth pace was the most rapid in 2017 when the average export price increased by 13%. The export price peaked at $69,469 per ton in 2012; however, from 2013 to 2022, the export prices failed to regain momentum.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Thailand ($98,496 per ton), while the average price for exports to Brunei Darussalam ($23,281 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 Thailand (-1.2%), while the prices for the other major destinations experienced a decline.
Imports of Mollusc Preparations; Abalone, Prepared or Preserved in Singapore
In 2022, the amount of mollusc preparations; abalone, prepared or preserveds imported into Singapore declined to 2.5K tons, reducing by -6.9% compared with the year before. In general, total imports indicated a prominent increase from 2019 to 2022: its volume increased at an average annual rate of +7.3% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +62.8% against 2020 indices. The pace of growth was the most pronounced in 2021 with an increase of 75% against the previous year. As a result, imports reached the peak of 2.7K tons, and then dropped in the following year.
In value terms, imports of mollusc preparations; abalone, prepared or preserveds contracted to $61M in 2022. Over the period under review, imports saw a slight slump. The pace of growth appeared the most rapid in 2021 with an increase of 72%. As a result, imports attained the peak of $66M, and then reduced in the following year.
| Import of Mollusc Preparations; Abalone, Prepared or Preserved in Singapore (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 18.7 | 11.8 | 21.5 | 22.0 | 5.6% |
| Australia | 19.0 | 8.7 | 14.2 | 12.6 | -12.8% |
| New Zealand | 13.5 | 5.2 | 12.0 | 8.4 | -14.6% |
| South Africa | 3.3 | 1.7 | 2.5 | 4.0 | 6.6% |
| Chile | 0.6 | 0.5 | 2.1 | 2.1 | 51.8% |
| Taiwan (Chinese) | 1.1 | 1.1 | 2.1 | 1.9 | 20.0% |
| Malaysia | 0.4 | 0.4 | 0.7 | 0.5 | 7.7% |
| Others | 7.9 | 8.7 | 10.5 | 9.8 | 7.4% |
| Total | 64.6 | 38.1 | 65.5 | 61.4 | -1.7% |
Top Suppliers of Mollusc Preparations; Abalone, Prepared or Preserved to Singapore in 2022:
- China (1479.5 tons)
- Australia (296.1 tons)
- New Zealand (208.4 tons)
- Taiwan (Chinese) (121.9 tons)
- South Africa (108.4 tons)
- Chile (93.2 tons)
- Malaysia (65.4 tons)
Exports of Mollusc Preparations; Abalone, Prepared or Preserved in Singapore
In 2022, exports of mollusc preparations; abalone, prepared or preserveds from Singapore skyrocketed to 316 tons, with an increase of 29% compared with the year before. In general, total exports indicated a strong increase from 2019 to 2022: its volume increased at an average annual rate of +11.1% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +85.3% against 2020 indices. The pace of growth was the most pronounced in 2021 with an increase of 44%. The exports peaked in 2022 and are likely to see steady growth in the near future.
In value terms, exports of mollusc preparations; abalone, prepared or preserveds surged to $9.3M in 2022. Overall, total exports indicated perceptible growth from 2019 to 2022: its value increased at an average annual rate of +3.1% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +76.6% against 2020 indices. The pace of growth was the most pronounced in 2021 when exports increased by 46%. Over the period under review, the exports of hit record highs in 2022 and are expected to retain growth in the immediate term.
| Export of Mollusc Preparations; Abalone, Prepared or Preserved in Singapore (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Malaysia | 6.4 | 3.9 | 5.0 | 6.3 | -0.5% |
| Hong Kong SAR | 0.5 | 0.2 | 0.8 | 1.0 | 26.0% |
| Indonesia | 0.6 | 0.2 | 0.4 | 0.6 | 0.0% |
| Taiwan (Chinese) | N/A | N/A | 0.2 | 0.5 | 150.0% |
| Thailand | 0.5 | 0.5 | 0.4 | 0.5 | 0.0% |
| Brunei Darussalam | 0.2 | 0.2 | 0.2 | 0.2 | 0.0% |
| Others | 0.3 | 0.1 | 0.7 | 0.2 | -12.6% |
| Total | 8.5 | 5.2 | 7.6 | 9.3 | 3.0% |
Top Export Markets for Mollusc Preparations; Abalone, Prepared or Preserved from Singapore in 2022:
- Malaysia (229.0 tons)
- Hong Kong SAR (31.9 tons)
- Taiwan (Chinese) (18.9 tons)
- Indonesia (17.4 tons)
- Brunei Darussalam (7.9 tons)
- Thailand (5.3 tons)
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