Key Market Indicators
Singapore's frozen food exports are projected to drop by 3.3% annually between 2021 and 2026, from $1.08 billion to $889 million in that time. This is a slight decrease from the 3.8% year-on-year decline since 1994. In 2021, Singapore ranked 63rd in global frozen food exports, coming in behind Japan, with $1.08 billion. China, Spain and Mexico followed in second, third and fourth place, respectively. Singapore's frozen food imports, meanwhile, are expected to grow 1.8% annually between 2021 and 2026, from $123.6 million to $137.2 million. This is a slight increase from the 2.6% year-on-year growth since 1994. In 2021, Singapore placed 23rd in global frozen food imports, trailing Chile, with $123.6 million. The United States, South Korea and Japan occupied the next three spots.
