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Goldstein Research analyst estimates that the Singapore rice industry was valued at USD 168.39 million and is expected to grow at CAGR of 1.9% over the forecast period. The factors such as growing rice consumers, rising importers of rice, mounting travel and tourism industry and food services industry are majorly impacting the growth of Singapore rice industry. To get more details read our report: https://www.goldsteinresearch.com/report/singapore-rice-industry-outlook
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Singapore Rice Industry Outlook Singapore Rice Industry Outlook 2025: Opportunity & Growth Analysis, 2017-2025 99 Wall Street, Suite No:- 527, New York, NY 10005 United States of America Office No:- 504, 5th Floor, C-51, BSI Business Park, Sector-62, Noida, PIN:- 201301 India Report Code :HC 1335 www.goldsteinresearch.com +1-646-568-7747 +1-437-886-1181 +44-203-318-6627 +91-120-473-0422, +91-991-071-6331 sales@goldsteinresearch.com Published By: Goldstein Research Copyright All Rights Reserved, Goldstein Research www.goldsteinresearch.com Copyright All Rights Reserved, Goldstein Research www.goldsteinresearch.com
Singapore Rice Industry Size (USD Billion) & Growth Analysis Singapore Rice Industry Size (USD Billion)-2017-2025 Sample Request Sample Source: Goldstein Research • Singapore Rice Industryis anticipated to expand at a compound annual growth rate of XX% during the forecast period i.e. 2017-2025. The country does not produce rice and depends entirely on the international market for its domestic rice needs. USDA does not show any figures for rice stocks for Singapore; imports are thus assumed to simply match consumption (total use). The country’s rice imports of XXX,000 tons in 2017 increase by XX% annually, and are projected to reach XXX,000 tons by 2025. • To ensure food security, Singapore is reportedly aiming to transform itself from being a passive food importer into a more active contributor to the regional and global food system through urban agribusiness, realizing that it has little land to grow its own food (Kassim 2011). The strategy has four prongs: (i) to accelerate research and development; (ii) to turn Singapore into an agribusiness hub, where the private sector will play a key role; (iii) to develop Singapore’s own domestic market into a “test lab” for urban agriculture (e.g., “rooftop farming”); and (iv) to shift toward greater local production of three key food items—eggs, leafy vegetables, and fish (Kassim 2011). Copyright All Rights Reserved, Goldstein Research www.goldsteinresearch.com
Singapore Rice Industry Outlook Global Rice Industry Share(%), By Region-2017-2025 Singapore Rice Industry Size USD (Billion). 2017-2025 Sample Request XX% CAGR: (2017-2025) Sample Source: Goldstein Research Source: Goldstein Research In 2017,Long Grain Rice accounted for the highest market share XX% in Singapore Rice Industry WithXX%share in 2017, Asia Pacific dominated the Singapore Rice Industry Singapore Rice Industry Share (%), By Grain Size- 2017 Singapore Rice Industry Share (%), By Rice TYpe-2017 Singapore Rice Industry Share(%), By Rice Variety-2017 Source: Goldstein Research Source: Goldstein Research Source: Goldstein Research Copyright All Rights Reserved, Goldstein Research www.goldsteinresearch.com
Singapore Rice Industry Outlook • As income grows, per capita rice consumption is expected to decline as consumers substitute rice with high-cost quality food containing more protein and vitamins such as processed rice, vegetables, bread, fish and meat. Japan, Taiwan and the Republic of Korea have already made this transition, and rest of the Asia will be making it in proportion to the pace of their economic growth. • Total ASEAN rice output is projected to grow at XX% annually, from nearly XX million tons in 2017–2018 to XX million tons by 2025–2025. Most of this growth is based on improved yields, increasing by XX% annually. • The harvested area is expected to increase from slightly more than XX million hectares in 2017 to nearly XX million hectares by 2025–2025, a marginal annual growth of only XX%. While the ASEAN rice area harvested accounts for XX% of global rice area, slightly lower yields relative to the world average translate into a XX% global production share for ASEAN. • On average, ASEAN rice net exports accounted for XX% of the total global volume over the last decade, and will increase to nearly XX% over the baseline. Two of the top five world rice exporters, Thailand and Viet Nam, are both ASEAN members, accounting for a combined XX% of global net exports. High Quality Imports changing lifestyles Changing food preferences Download Exclusive Sample Report: https://www.goldsteinresearch.com/request-sample/singapore-rice-industry-outlook Browse Similar Report: United States Rice Industry Trading Destination Singapore Rice Imports (Thousand Tons) Thailand India Vietnam XX 2017 XX XX XX 2025 XX XX Copyright All Rights Reserved, Goldstein Research www.goldsteinresearch.com Copyright All Rights Reserved, Goldstein Research www.goldsteinresearch.com
Singapore Rice Industry Outlook : 2017-2025 Sample Request Singapore Rice Industry Share (%), By Rice Type, 2017-2025 • Singapore is ideally situated to become the hub of an international rice futures market owing to its political stability, geography, infrastructure, and trading experience and capacity. • In establishing an international rice futures market, Singapore could also play an important part in helping the world achieve food security, keeping rice prices affordable for poor rice consumers, and ensuring its own supply of rice into the future. • Singapore has a strong institutional infrastructure that could develop a wide network of regulated warehouses, a system of grades and standards, a network of licensed testing facilities, and an enabling policy regulatory environment needed for a successful futures market. • An international rice futures market in Singapore could help in price discovery and stabilization of the global rice market. This would benefit governments, consumers, and farmers. 2025 2017 Sample Source: Goldstein Research Singapore Rice Industry Y-O-Y Growth, By Rice Type, 2017-2025 Source: Goldstein Research Singapore Rice Industry Size (USD Billion), By Rice Type-2017-2025 Source: Goldstein Research Copyright All Rights Reserved, Goldstein Research www.goldsteinresearch.com
Singapore Rice Industry Outlook By Milled Rice: 2017-2025 Sample Request Singapore Rice Industry Size (USD Billion), By Milled Rice, 2017-2025 • In addition to importing rice for domestic demands, Singapore is also considered an ASEAN commercial hub and a gateway for Vietnamese rice to enter Indonesia, the Philippines and a number of African markets • Over the last few years, more types of rice have become available in Singapore, some of which boast a reputation for being healthier. Basmati and ponni rice, for instance, are known for their low-glycemic index, meaning their impact on blood sugar levels is lower. • The recent influx of foreigners from rice-eating nations such as India and China may also have fuelled the demand. There are also more types of rice available now. The past few years had seen a change in the main supply source. In 2013, India, for the first time, overtook Thailand - famous for its premium grade jasmine rice - as the biggest rice supplier to Singapore. Sample Source: Goldstein Research Singapore Rice Industry Y-O-Y Growth, By Milled Rice, 2017-2025 Source: Goldstein Research Singapore Milled Rice Imports, 2012-2018 Source: Goldstein Research Copyright All Rights Reserved, Goldstein Research www.goldsteinresearch.com
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