Poppy Seed Market in Singapore
Market Overview
The Singaporean poppy seed market expanded sharply to $
in , increasing 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). Over the period under review, consumption saw a remarkable increase. Over the period under review, the market reached the peak level in and is expected to retain growth in the immediate term.
In value terms, poppy seed production rose modestly to $ in estimated in export price. Over the period under review, production, however, enjoyed strong growth. The most prominent rate of growth was recorded in 2018 when the production volume increased by %. Poppy seed production peaked at $ in ; however, from to , production stood at a somewhat lower figure.
The average yield of poppy seed in Singapore amounted to less than kg per ha in , approximately reflecting . In general, the yield showed a relatively flat trend pattern. Despite the increased use of modern agricultural techniques and methods, future yield figures may still be impacted by adverse weather conditions.
The poppy seed harvested area in Singapore was estimated at less than ha in , approximately mirroring figures. In general, the harvested area continues to indicate a relatively flat trend pattern.
in , increasing 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). Over the period under review, consumption saw a remarkable increase. Over the period under review, the market reached the peak level in and is expected to retain growth in the immediate term.In value terms, poppy seed production rose modestly to $
in estimated in export price. Over the period under review, production, however, enjoyed strong growth. The most prominent rate of growth was recorded in 2018 when the production volume increased by %. Poppy seed production peaked at $ in ; however, from to , production stood at a somewhat lower figure.The average yield of poppy seed in Singapore amounted to less than
kg per ha in , approximately reflecting . In general, the yield showed a relatively flat trend pattern. Despite the increased use of modern agricultural techniques and methods, future yield figures may still be impacted by adverse weather conditions.The poppy seed harvested area in Singapore was estimated at less than
ha in , approximately mirroring figures. In general, the harvested area continues to indicate a relatively flat trend pattern.Consumption
In , poppy seed consumption in Singapore expanded modestly to tons, growing by % compared with the year before. Overall, the total consumption indicated a mild expansion from 2007 to : its volume increased at an average annual rate of +% over the last fifteen years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on figures, consumption increased by +% against 2018 indices. Over the period under review, consumption attained the peak volume in and is expected to retain growth in the immediate term.
The value of the poppy seed market in Singapore rose notably to $ in , with an increase of % 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). Over the period under review, consumption saw prominent growth. Poppy seed consumption peaked in and is expected to retain growth in the near future.
, poppy seed consumption in Singapore expanded modestly to tons, growing by % compared with the year before. Overall, the total consumption indicated a mild expansion from 2007 to : its volume increased at an average annual rate of +% over the last fifteen years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on figures, consumption increased by +% against 2018 indices. Over the period under review, consumption attained the peak volume in and is expected to retain growth in the immediate term.The value of the poppy seed market in Singapore rose notably to $
in , with an increase of % 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). Over the period under review, consumption saw prominent growth. Poppy seed consumption peaked in and is expected to retain growth in the near future.Market Forecast
Driven by increasing demand for poppy seed in Singapore, the market is expected to continue an upward consumption trend over the next eight years. Market performance is forecast to retain its current trend pattern, expanding with an anticipated CAGR of +% for the period from to , which is projected to bring the market volume to tons by the end of .
In value terms, the market is forecast to increase with an anticipated CAGR of +% for the period from to , which is projected to bring the market value to $ (in nominal prices) by the end of .
% for the period from to , which is projected to bring the market volume to tons by the end of .In value terms, the market is forecast to increase with an anticipated CAGR of +
% for the period from to , which is projected to bring the market value to $ (in nominal prices) by the end of .Market Structure
Over the period under review, imports of poppy seed in Singapore were negligibly small compared to the production volumes. Therefore, the share of imports in the total market was practically nonexistent, both in volume and in value terms. This situation has remained constant over the period under review, which means that domestic producers entirely meet the domestic demand for poppy seed.
Trade Balance
Singapore remains a net importer of poppy seed; in physical and value terms, imports consistently exceeded exports from 2007 to . In , there was a significant trade deficit of tons, which was equal to $.
. In , there was a significant trade deficit of tons, which was equal to $.
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