Tridge summary
Vietnamese rice dominates Singapore's market, holding the largest shares in white rice (48.62%), milled or peeled fragrant rice (69.43%), and glutinous rice (78.05%). Thailand and India are the next largest exporters, with export values of S$70.73 million and S$58.41 million, respectively. Combined, these top three exporters make up 90.21% of Singapore's rice market. Since 2023, rice import demand in Singapore has surged due to India's export ban and a tourism rebound, leading to a 13.62% year-on-year increase in import value, reaching nearly S$224.5 million in the first half of 2024.
Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.
Original content
Currently, Vietnamese rice has the largest market share in Singapore, including white rice (48.62%); milled or peeled fragrant rice (69.43%) and glutinous rice (78.05%). Following Vietnam are Thailand and India, with export values of S$70.73 million and S$58.41 million respectively. The rice exports of the top three exporting countries account for 90.21% of Singapore's rice market share. The trend of a sharp increase in demand for rice imports in Singapore since 2023 continued in the first six months of 2024, mainly due to the Indian rice export ban and the rapid recovery of the number of tourists to Singapore, which forced the country to expand rice imports. Statistics from the Singapore ...
Source: Foodmate
Would you like more in-depth insights?
Gain access to detailed market analysis tailored to your business needs.
Related market data
What to read next
Read more relevant content
By clicking “Accept Cookies,” I agree to provide cookies for statistical and personalized preference purposes. To learn more about our cookies, please read our Privacy Policy.