Dried Vegetables Market Overview in Singapore
In value terms, dried vegetables production totaled $ in 2019 estimated in export prices. Over the period under review, production recorded a slight contraction. The most prominent rate of growth was recorded in 2013 with an increase of % against the previous year. Over the period under review, production attained the peak level at $ in 2007; however, from 2008 to 2019, production stood at a somewhat lower figure.
The value of the dried vegetables market in Singapore stood at $ in 2019, growing by % against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Overall, the total consumption indicated a pronounced increase from 2007 to 2019: its value increased at an average annual rate of +% over the last twelve-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2019 figures, consumption decreased by -% against 2017 indices. The most prominent rate of growth was recorded in 2017 with an increase of % against the previous year. As a result, consumption attained the peak level of $. From 2018 to 2019, the growth of the market remained at a lower figure.