Price for Plants, Live; Roses, Grafted or Not in Singapore - 2023

Contents:

1. Price for Plants, Live; Roses, Grafted or Not in Singapore (CIF) - 2022
2. Price for Plants, Live; Roses, Grafted or Not in Singapore (FOB) - 2022
3. Imports of Plants, Live; Roses, Grafted or Not in Singapore
4. Exports of Plants, Live; Roses, Grafted or Not in Singapore

Price for Plants, Live; Roses, Grafted or Not in Singapore (CIF) - 2022

The average import price for plants, live; roses, grafted or nots stood at $1.7 per unit in 2022, reducing by -6.2% against the previous year. Over the period under review, the import price recorded a slight downturn. The most prominent rate of growth was recorded in 2018 an increase of 50%. As a result, import price reached the peak level of $2.1 per unit. From 2019 to 2022, the average import prices remained at a lower figure.

As there is only one major supplying country, the average price level is determined by prices for Malaysia.

From 2012 to 2022, the rate of growth in terms of prices for Malaysia amounted to -0.7% per year.

Price for Plants, Live; Roses, Grafted or Not in Singapore (FOB) - 2022

In 2022, the average export price for plants, live; roses, grafted or nots amounted to $0.7 per unit, reducing by -58.8% against the previous year. Over the period under review, the export price saw a abrupt decrease. The pace of growth was the most pronounced in 2021 when the average export price increased by 12% against the previous year. The export price peaked at $2 per unit in 2012; however, from 2013 to 2022, the export prices remained at a lower figure.

There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Maldives ($1.8 per unit), while the average price for exports to the UK totaled $0.5 per unit.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Canada (-1.9%).

Imports of Plants, Live; Roses, Grafted or Not in Singapore

In 2022, the amount of plants, live; roses, grafted or nots imported into Singapore surged to 125K units, growing by 29% compared with 2021 figures. Over the period under review, imports, however, faced a abrupt slump. The pace of growth was the most pronounced in 2021 with an increase of 64% against the previous year. Imports peaked at 186K units in 2019; however, from 2020 to 2022, imports remained at a lower figure.

In value terms, imports of plants, live; roses, grafted or nots soared to $217K in 2022. In general, imports, however, saw a deep downturn. The most prominent rate of growth was recorded in 2021 with an increase of 78%. Over the period under review, imports of attained the peak figure at $309K in 2019; however, from 2020 to 2022, imports stood at a somewhat lower figure.

Top Suppliers of Plants, Live; Roses, Grafted or Not to Singapore in 2022:

1. Malaysia (124.0K units)

Exports of Plants, Live; Roses, Grafted or Not in Singapore

For the third consecutive year, Singapore recorded growth in shipments abroad of plants, live; roses, grafted or nots, which increased by 22% to 11K units in 2022. The total export volume increased at an average annual rate of +16.7% from 2020 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

In value terms, exports of plants, live; roses, grafted or nots fell significantly to $8.5K in 2022. Over the period under review, exports, however, faced a precipitous decline. The growth pace was the most rapid in 2021 with an increase of 25%. As a result, the exports attained the peak of $17K, and then shrank significantly in the following year.

Top Export Markets for Plants, Live; Roses, Grafted or Not from Singapore in 2022:

1. United Kingdom (9.2K units)
2. Maldives (2.2K units)

Source: IndexBox Market Intelligence Platform