Fruit and Vegetable Juices PS&D 2009
Imports of fruit and vegetable juices continue to show a healthy growth rate. Most of the imported fruit and vegetable juices are re-exported to Indonesia, Malaysia and Hong Kong. The continued growth of the re-export markets has a considerable impact on the imports of the fruit and vegetable juice category. The United States is the largest supplier to Singapore, with a market share of about 25% over the period 2005-7. Preliminary figures for 2008 showed that U.S. exports more than doubled to US$20million. However, in view of the dim economic prospects for 2009, we expect U.S. exports to stabilize at around the same level in the current year.
Frozen Vegetables US Million$
With rising consumer incomes and a greater willingness to pay for quality food products, Singapore is a fast expanding market for imported frozen vegetables. The United States is the leading supplier of frozen vegetables to the Singapore market. Preliminary figures for 2008 showed that Singapore imported a total of US$16 million of frozen vegetables with the United States having a 50 percent market share. Major competitors include New Zealand, China and Belgium. Imports of frozen vegetables have shown a steady growth in sales to the hotel and restaurant industry. However, we anticipate that imports and consumption of frozen vegetables will level off in 2009 due to the weakening economy.
Other Nut, Fresh, Dried US Million $
Imports of the other nut category which include almonds, pistachios, chestnuts, hazelnuts and walnuts have been growing steadily over the last three years from 2006-2008 helped mostly by the re-export of almonds and pistachios to India, Malaysia, Indonesia and Pakistan. However, we anticipate imports to remain flat for 2009 due to the expected fall in re-export trade. The domestic market for the other nut category will remain roughly constant for calendar year 2009.
Wines of Fresh GrapesPS&D 2004
Imports of wines into Singapore have been growing steadily during the period 2006-2008 supported mainly by the re-export trade. Re-exports of wines have typically formed about 70-75 percent of the total imports. Major suppliers of wines to the Singapore market are France, Australia, United Kingdom, Italy and the United States, in descending order. While the total imports of wines have grown marginally over the last three years (2006-2008), U.S. wines have increased by around 25 percent over the same period. We expect wine sales to increase only marginally due to the poor overall new-term economic prospects in Singapore and in the neighboring region. Major re-export markets for wines are Japan, Australia, Indonesia and Malaysia.