Oleo oils Market Overview in Singapore
In value terms, oleo oils production surged to $ in estimated in export prices. Over the period under review, production recorded a relatively flat trend pattern. Over the period under review, production reached the maximum level at $ in 2007; however, from 2008 to , production failed to regain the momentum.
The value of the oleo oils market in Singapore surged to $ in , 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). In general, consumption, however, saw a pronounced descent. The most prominent rate of growth was recorded in 2019 with an increase of % y-o-y. Over the period under review, the market attained the peak level at $ in 2012; however, from 2013 to , consumption failed to regain the momentum.