Singapore: Mushroom And Truffle Market 2024

Mushroom And Truffle Market Size in Singapore

In 2023, the Singaporean mushroom and truffle market decreased by X% to $X, falling for the second consecutive year after five years of growth. In general, consumption continues to indicate a mild downturn. Over the period under review, the market reached the peak level at $X in 2021; however, from 2022 to 2023, consumption remained at a lower figure.

Mushroom And Truffle Production in Singapore

In value terms, mushroom and truffle production reached $X in 2023 estimated in export price. Over the period under review, production saw a pronounced slump. The pace of growth was the most pronounced in 2018 with an increase of X%. Mushroom and truffle production peaked at $X in 2012; however, from 2013 to 2023, production remained at a lower figure.

The average yield of mushrooms and truffles in Singapore totaled less than X kg per ha in 2023, stabilizing at the previous year. Overall, the yield recorded a relatively flat trend pattern. Despite the increased use of modern agricultural techniques and methods, future yield figures may still be impacted by adverse weather conditions.

The mushroom and truffle harvested area in Singapore was estimated at less than X ha in 2023, standing approx. at the previous year's figure. In general, the harvested area continues to indicate a relatively flat trend pattern.

Mushroom And Truffle Exports

Exports from Singapore

In 2023, shipments abroad of mushrooms and truffles decreased by X% to X tons, falling for the third year in a row after two years of growth. Over the period under review, exports recorded a pronounced reduction. The pace of growth appeared the most rapid in 2015 when exports increased by X% against the previous year. As a result, the exports reached the peak of X tons. From 2016 to 2023, the growth of the exports remained at a lower figure.

In value terms, mushroom and truffle exports fell notably to $X in 2023. In general, exports recorded a abrupt descent. The most prominent rate of growth was recorded in 2015 with an increase of X%. As a result, the exports reached the peak of $X. From 2016 to 2023, the growth of the exports remained at a somewhat lower figure.

Exports by Country

Malaysia (X tons) was the main destination for mushroom and truffle exports from Singapore, accounting for a X% share of total exports. Moreover, mushroom and truffle exports to Malaysia exceeded the volume sent to the second major destination, Brunei Darussalam (X tons), eightfold. The third position in this ranking was taken by Timor-Leste (X tons), with an X% share.

From 2012 to 2023, the average annual rate of growth in terms of volume to Malaysia stood at X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Brunei Darussalam (X% per year) and Timor-Leste (X% per year).

In value terms, Malaysia ($X) remains the key foreign market for mushrooms and truffles exports from Singapore, comprising X% of total exports. The second position in the ranking was held by Brunei Darussalam ($X), with a X% share of total exports. It was followed by Timor-Leste, with a X% share.

From 2012 to 2023, the average annual growth rate of value to Malaysia stood at X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Brunei Darussalam (X% per year) and Timor-Leste (X% per year).

Export Prices by Country

The average mushroom and truffle export price stood at $X per ton in 2023, shrinking by X% against the previous year. In general, the export price saw a deep downturn. The pace of growth appeared the most rapid in 2018 an increase of X% against the previous year. Over the period under review, the average export prices hit record highs at $X per ton in 2012; however, from 2013 to 2023, the export prices remained at a lower figure.

There were significant differences in the average prices for the major external markets. In 2023, amid the top suppliers, the country with the highest price was New Zealand ($X per ton), while the average price for exports to Malaysia ($X per ton) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was recorded for supplies to Myanmar (X%), while the prices for the other major destinations experienced a decline.

Mushroom And Truffle Imports

Imports into Singapore

In 2023, supplies from abroad of mushrooms and truffles decreased by X% to X tons, falling for the second year in a row after ten years of growth. In general, total imports indicated a tangible expansion from 2012 to 2023: its volume increased at an average annual rate of X% over the last eleven years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, imports decreased by X% against 2021 indices. The pace of growth was the most pronounced in 2020 with an increase of X%. Imports peaked at X tons in 2021; however, from 2022 to 2023, imports stood at a somewhat lower figure.

In value terms, mushroom and truffle imports fell dramatically to $X in 2023. Over the period under review, imports recorded a pronounced contraction. The most prominent rate of growth was recorded in 2014 when imports increased by X% against the previous year. Imports peaked at $X in 2020; however, from 2021 to 2023, imports stood at a somewhat lower figure.

Imports by Country

China (X tons), Malaysia (X tons) and Thailand (X tons) were the main suppliers of mushroom and truffle imports to Singapore, with a combined X% share of total imports.

From 2012 to 2023, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Malaysia (with a CAGR of X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest mushroom and truffle suppliers to Singapore were Malaysia ($X), China ($X) and the Netherlands ($X), together accounting for X% of total imports.

The Netherlands, with a CAGR of X%, saw the highest growth rate of the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced a decline.

Import Prices by Country

In 2023, the average mushroom and truffle import price amounted to $X per ton, with a decrease of X% against the previous year. In general, the import price saw a deep setback. The growth pace was the most rapid in 2013 an increase of X% against the previous year. The import price peaked at $X per ton in 2014; however, from 2015 to 2023, import prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the Netherlands ($X per ton), while the price for Taiwan (Chinese) ($X per ton) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by South Korea (X%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform