Nuts Market Overview in Singapore
In value terms, nuts production stood at $ in estimated in export prices. In general, production recorded a deep reduction. Nuts production peaked at $ in 2007; however, from 2008 to , production remained at a lower figure.
The size of the nuts market in Singapore declined significantly to $ in , shrinking 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, continues to indicate tangible growth. The pace of growth appeared the most rapid in 2016 with an increase of % year-to-year. Over the period under review, the market reached the maximum level at $ in 2017; however, from 2018 to , consumption failed to regain the momentum.