Singapore eyes more poultry imports in 2023 to meet domestic demand

 Singapore is the major destination for poultry meat imports. Singapore does numerous amounts of poultry meat imports from various nations in order to fulfil its domestic market requirements. Singapore is currently the 28th biggest poultry meat importer in the world. According to the Singapore customs data reports, Singapore's poultry meat imports were estimated around 256 million dollars in the fiscal year 2022. 

Brazil accounted for the maximum number of poultry imports from Singapore in the financial year 2022. As per Singapore import data, Brazil exported around 149 million kgs of poultry meat to Singapore. Earlier, the neighbouring country, Malaysia was the crucial supplier of chicken to Singapore. 

According to the sources, it has over 34% share in Singapore's total meat imports. But now amid a ban imposed by Malaysia on Chicken exports, Singapore is facing a Chicken rice crisis. Historical trade data of Singapore suggests that Malaysia accounted for over 5 million tonnes in 2022. 

Singapore's most favoured destinations for poultry meat imports are the United States, Thailand, Denmark, Argentina and Ireland. The latest market trends suggest that Singapore is looking to increase its poultry meat imports amid rising domestic market demand.

Indonesia tops the list in terms of Singapore most preferred poultry meat import destinations. Indonesia's chilled, frozen, processed chicken, livestock and egg items. As per the latest Singapore import export data reports, around 133 dollars worth frozen chicken was exported by Indonesia to Singapore during June 2023.

Out of which, Charoen Pokhpand was the leading Indonesian poultry meat exporting country with over 1000 tonnes of Chicken meat exports to Singapore in 2023. Australia is another most favoured market for Singapore poultry imports. 

Singapore's last year trade statistics suggests that Singapore imported around 7.5 million worth of poultry products during the financial year 2022. Singapore accounted for over 9% of Australia's total poultry produce. 

The forecasts for 2023 suggest that Singapore's poultry imports from Australia will tend to increase by 54% this year. Singapore is also investing in a green future. It is heading towards the creation of green and clean energy. Australia could be the better partner alongside which Singapore can develop clean energy. 

On the other hand, Singapore's poultry meat exports were estimated around 70 million dollars during 2022. According to the Singapore export data reports, the major destinations for Singapore's poultry exports are Brazil, Malaysia, Indonesia, Argentina and Thailand. 

Although, the poultry exports of Singapore are declining in Timor-Leste, Malaysia and Austria. In terms of poultry exports, Brazil, Poland and the United States are main exporting competitors for Singapore.

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 It has a list of verified importers and exporters through which you can find genuine poultry buyers from the global market. Along with import export data reports of over 200+ countries, you can determine poultry products demand and plan effective marketing strategies. It will improve your financial decision making and prosper your sales.