Price for Seeds, Fruit and Spores; of A Kind Used for Sowing in Singapore - 2023

Contents:

1. Price for Seeds, Fruit and Spores; of A Kind Used for Sowing in Singapore (FOB) - 2022
2. Price for Seeds, Fruit and Spores; of A Kind Used for Sowing in Singapore (CIF) - 2022
3. Exports of Seeds, Fruit and Spores; of A Kind Used for Sowing in Singapore
4. Imports of Seeds, Fruit and Spores; of A Kind Used for Sowing in Singapore

Price for Seeds, Fruit and Spores; of A Kind Used for Sowing in Singapore (FOB) - 2022

The average export price for seeds, fruit and spores; of a kind used for sowing stood at $58,421 per ton in 2022, waning by -13.3% against the previous year. In general, the export price showed a mild slump. The pace of growth was the most pronounced in 2013 an increase of 18%. As a result, the export price attained the peak level of $82,330 per ton. From 2014 to 2022, the average export prices remained at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Pakistan ($154,379 per ton), while the average price for exports to Brunei Darussalam ($4,701 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 Papua New Guinea (+25.4%), while the prices for the other major destinations experienced mixed trend patterns.

Price for Seeds, Fruit and Spores; of A Kind Used for Sowing in Singapore (CIF) - 2022

In 2022, the average import price for seeds, fruit and spores; of a kind used for sowing amounted to $28,322 per ton, with an increase of 14% against the previous year. Over the period under review, import price indicated measured growth from 2012 to 2022: its price increased at an average annual rate of +3.3% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, import price for seeds, fruit and spores; of a kind used for sowing decreased by -27.6% against 2020 indices. The pace of growth was the most pronounced in 2017 when the average import price increased by 55% against the previous year. Over the period under review, average import prices attained the maximum at $39,138 per ton in 2020; however, from 2021 to 2022, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was the Netherlands ($178,185 per ton), while the price for New Zealand ($2,479 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Hong Kong SAR (+6.4%), while the prices for the other major suppliers experienced more modest paces of growth.

Exports of Seeds, Fruit and Spores; of A Kind Used for Sowing in Singapore

In 2022, shipments abroad of seeds, fruit and spores; of a kind used for sowing was finally on the rise to reach 93 tons for the first time since 2019, thus ending a two-year declining trend. Over the period under review, exports, however, faced a abrupt descent.

In value terms, exports of seeds, fruit and spores; of a kind used for sowing stood at $5.4M in 2022. Overall, exports, however, faced a abrupt setback.

Top Export Markets for Seeds, Fruit and Spores; of A Kind Used for Sowing from Singapore in 2022:

1. Indonesia (58.5 tons)
2. Malaysia (19.6 tons)
3. Australia (3.8 tons)
4. Germany (3.8 tons)
5. Pakistan (3.5 tons)
6. Brunei Darussalam (3.4 tons)

Imports of Seeds, Fruit and Spores; of A Kind Used for Sowing in Singapore

In 2022, the amount of seeds, fruit and spores; of a kind used for sowing imported into Singapore contracted to 184 tons, with a decrease of -13.8% against 2021 figures. Overall, imports saw a abrupt decrease. The growth pace was the most rapid in 2021 with an increase of 30% against the previous year.

In value terms, imports of seeds, fruit and spores; of a kind used for sowing declined to $5.2M in 2022. Over the period under review, imports recorded a abrupt decline.

Top Suppliers of Seeds, Fruit and Spores; of A Kind Used for Sowing to Singapore in 2022:

1. New Zealand (35.6 tons)
2. Indonesia (22.0 tons)
3. India (20.7 tons)
4. Japan (18.6 tons)
5. Taiwan (Chinese) (16.0 tons)
6. Hong Kong SAR (13.2 tons)
7. China (10.9 tons)
8. Thailand (8.1 tons)
9. United Kingdom (7.2 tons)
10. Malaysia (7.1 tons)
11. Italy (6.0 tons)
12. United States (5.9 tons)
13. Netherlands (4.1 tons)

Source: IndexBox Market Intelligence Platform