Singapore - Frozen Fish Meat - Market Analysis, Forecast, Size, Trends and Insights
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View PricingFrozen Fish Meat Price in Singapore - 2022
Contents:
- Frozen Fish Meat Price in Singapore (CIF) - 2022
- Frozen Fish Meat Price in Singapore (FOB) - 2022
- Frozen Fish Meat Imports in Singapore
- Frozen Fish Meat Exports in Singapore
Frozen Fish Meat Price in Singapore (CIF) - 2022
The average frozen fish meat import price stood at $4,735 per ton in September 2022, picking up by 20% against the previous month. In general, import 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 months. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on September 2022 figures, frozen fish meat import price increased by +41.8% against June 2022 indices. The most prominent rate of growth was recorded in January 2022 an increase of 38% against the previous month. The import price peaked in September 2022.
There were significant differences in the average prices amongst the major supplying countries. In September 2022, the country with the highest price was China ($8,188 per ton), while the price for Vietnam ($2,658 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 Thailand (+12.2%), while the prices for the other major suppliers experienced more modest paces of growth.
Frozen Fish Meat Price in Singapore (FOB) - 2022
In September 2022, the average frozen fish meat export price amounted to $8,743 per ton, rising by 64% against the previous month. Over the period under review, export price indicated a temperate increase from September 2021 to September 2022: its price increased at an average monthly rate of +2.4% over the last twelve months. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on September 2022 figures, frozen fish meat export price decreased by -16.7% against June 2022 indices. The export price peaked at $10,491 per ton in June 2022; however, from July 2022 to September 2022, the export prices remained at a lower figure.
As there is only one major export destination, the average price level is determined by prices for Malaysia.
From September 2021 to September 2022, the rate of growth in terms of prices for Taiwan (Chinese) amounted to +7.5% per month.
Frozen Fish Meat Imports in Singapore
In 2022, supplies from abroad of frozen fish meat decreased by -56.5% to 1.2K tons, falling for the second year in a row after two years of growth. Over the period under review, imports faced a significant curtailment. The pace of growth appeared the most rapid in 2020 with an increase of 1.7%. As a result, imports attained the peak of 3.5K tons. From 2021 to 2022, the growth of imports failed to regain momentum.
In value terms, frozen fish meat imports contracted sharply to $3.4M in 2022. Overall, imports recorded a significant decline. The most prominent rate of growth was recorded in 2020 with an increase of 4.6% against the previous year. As a result, imports reached the peak of $8.4M. From 2021 to 2022, the growth of imports failed to regain momentum.
| Import of Frozen Fish Meat in Singapore (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| India | 6,792 | 6,866 | 4,856 | 1,012 | -47.0% |
| Vietnam | 584 | 940 | 1,161 | 748 | 8.6% |
| Indonesia | 226 | 277 | 6.8 | 695 | 45.4% |
| Malaysia | 108 | 108 | 149 | 379 | 52.0% |
| China | 0.2 | 16.6 | 21.9 | 301 | 1046.0% |
| Thailand | 29.5 | 0.1 | 0.2 | 119 | 59.2% |
| United States | N/A | 16.4 | N/A | 95.8 | 141.7% |
| Myanmar | 217 | 55.5 | 98.4 | N/A | -32.7% |
| Others | 35.8 | 81.7 | 9.6 | 19.5 | -18.3% |
| Total | 7,993 | 8,361 | 6,303 | 3,370 | -25.0% |
Top Suppliers of Frozen Fish Meat to Singapore in 2022:
- India (394.0 tons)
- Vietnam (359.7 tons)
- Indonesia (212.5 tons)
- Malaysia (129.3 tons)
- China (50.3 tons)
- Thailand (38.7 tons)
- United States (20.0 tons)
Frozen Fish Meat Exports in Singapore
In 2022, approx. 367 tons of frozen fish meat were exported from Singapore; rising by 291% compared with 2021 figures. Overall, exports, however, recorded a abrupt decline.
In value terms, frozen fish meat exports surged to $1.7M in 2022. Over the period under review, exports showed a measured expansion. As a result, the exports attained the peak and are likely to continue growth in the immediate term.
| Export of Frozen Fish Meat in Singapore (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Malaysia | 978 | 293 | 444 | 1,294 | 9.8% |
| India | N/A | 34.0 | N/A | 202 | 143.7% |
| Taiwan (Chinese) | 3.7 | 89.8 | 28.1 | 91.9 | 191.8% |
| Sri Lanka | 0.5 | N/A | 3.4 | 74.3 | 429.7% |
| Vietnam | 398 | N/A | N/A | N/A | 0% |
| United States | 161 | N/A | N/A | N/A | 0% |
| Oman | 44.6 | N/A | N/A | N/A | 0% |
| Others | 6.1 | 77.3 | 58.8 | 81.6 | 137.4% |
| Total | 1,592 | 494 | 534 | 1,744 | 3.1% |
Top Export Markets for Frozen Fish Meat from Singapore in 2022:
- Malaysia (208.5 tons)
- India (81.4 tons)
- Taiwan (Chinese) (46.3 tons)
- Sri Lanka (15.7 tons)
This report provides an in-depth analysis of the frozen fish meat 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:
- Prodcom 10201500 - Frozen fish meat without bones (excluding fillets)
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
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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
- 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 VOLUME AND VALUE
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
- 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
- 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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