Overview of the Market for Fruit Or Nut Preserves in Singapore
In value terms, fruit or nut preserves production declined to $ in estimated in export prices. In general, production, however, saw a buoyant increase. The most prominent rate of growth was recorded in 2009 with an increase of % against the previous year. Over the period under review, production attained the peak level at $ in 2017; however, from 2018 to , production remained at a lower figure.
The size of the fruit or nut preserves market in Singapore declined to $ in , reducing 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, the total consumption indicated a tangible expansion from 2007 to : its value increased at an average annual rate of +% over the last thirteen years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on figures, consumption decreased by -% against 2018 indices. The growth pace was the most rapid in 2011 when the market value increased by % y-o-y. Fruit or nut preserves consumption peaked at $ in 2018; however, from 2019 to , consumption stood at a somewhat lower figure.