Singapore in 2021 sharply reduced apple imports and did not import anything from Ukraine
According to EastFruit analysts, Singapore sharply reduced the volume of apple imports in 2021, despite the lower price level for them. For the first time in recent years, Ukraine is not among the suppliers of fresh apples to Singapore.
In the first three quarters of 2021, this Asian country imported 27.2 thousand tons of fresh apples – 17% or 5.4 thousand tons less than in the same period in 2020. At the same time, imports fell from all five largest supplying countries: China, New Zealand, South Africa, the United States and France.
Particularly interesting is that China, which had surplus stocks of apples and offered them at a record low price during the first nine months of 2021, also reduced their exports to Singapore. We published a detailed analysis of the Chinese apple market in 2021 in the article: “High stocks, low prices, pessimistic expectations.”
Against this background, the sharp increase in apple imports to Singapore from Turkey and Italy attracts attention. Turkey was able to increase its apple exports to this country by 62%, and Italy by 73%. By the way, we have been paying attention to the Turkish apple phenomenon for quite some time. But with Italy, the situation is different – producers in this country clearly overestimated the demand for apples in the 2020/21 season and entered the summer season with record apple stocks, which they did not manage to sell before the start of the new harvest. Therefore, an apple of the 2020 harvest is still being sold on the Italian market. Against this background, Italian wholesale prices were low, and they actively offered their apple in the markets of Southeast Asia at a competitive price.
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We remind you that the new season for apple growers and exporters in Eastern Europe may turn out to be much more difficult than the previous ones. We have provided a detailed analysis of the reasons in the article “#Freshapplecrisis”.