Banana Market Overview in Singapore
The size of the banana market in Singapore shrank to $ in 2019, dropping 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, consumption, however, recorded a prominent increase. The pace of growth was the most pronounced in 2012 with an increase of % y-o-y. Banana consumption peaked at $ in 2016; however, from 2017 to 2019, consumption stood at a somewhat lower figure.