Lime Market Overview in Singapore
Market Overview
The Singaporean lime market expanded to $
in 2019, 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). Over the period under review, consumption recorded buoyant growth. The most prominent rate of growth was recorded in 2010 when the market value increased by % against the previous year. Lime consumption peaked in 2019 and is likely to continue growth in the immediate term.
in 2019, 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). Over the period under review, consumption recorded buoyant growth. The most prominent rate of growth was recorded in 2010 when the market value increased by % against the previous year. Lime consumption peaked in 2019 and is likely to continue growth in the immediate term.Consumption
Lime consumption in Singapore amounted to tonnes in 2019, stabilizing at 2018 figures. Overall, consumption enjoyed resilient growth. The pace of growth appeared the most rapid in 2010 when the consumption volume increased by % against the previous year. Lime consumption peaked at tonnes in 2012; however, from 2013 to 2019, consumption remained at a lower figure.
The revenue of the lime market in Singapore rose slightly to $ in 2019, 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). Over the period under review, consumption posted a strong expansion. The pace of growth appeared the most rapid in 2010 with an increase of % against the previous year. Over the period under review, the market reached the peak level in 2019 and is likely to see steady growth in the near future.
tonnes in 2019, stabilizing at 2018 figures. Overall, consumption enjoyed resilient growth. The pace of growth appeared the most rapid in 2010 when the consumption volume increased by % against the previous year. Lime consumption peaked at tonnes in 2012; however, from 2013 to 2019, consumption remained at a lower figure.The revenue of the lime market in Singapore rose slightly to $
in 2019, 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). Over the period under review, consumption posted a strong expansion. The pace of growth appeared the most rapid in 2010 with an increase of % against the previous year. Over the period under review, the market reached the peak level in 2019 and is likely to see steady growth in the near future.Market Forecast
Driven by increasing demand for lime in Singapore, the market is expected to continue an upward consumption trend over the next decade. Market performance is forecast to retain its current trend pattern, expanding with an anticipated CAGR of +% for the period from 2019 to , which is projected to bring the market volume to tonnes by the end of .
% for the period from 2019 to , which is projected to bring the market volume to tonnes by the end of .Trade Balance
Singapore remains a net importer of lime; in physical and value terms, imports consistently exceeded exports from 2007 to 2019. In 2019, there was a significant trade deficit of tonnes, which was equal to $. This tangible trade deficit reflects the fact that the market remains dependent on imports, which is likely to continue in the medium term.
tonnes, which was equal to $. This tangible trade deficit reflects the fact that the market remains dependent on imports, which is likely to continue in the medium term.
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