Singapore Rice Industry: Market Analysis, Size, Trends, Share, Key Players, Demand & Growth Drivers, Outlook, Forecast 2017-2025

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Singapore Rice Industry Outlook
Singapore Rice Industry Outlook 2025
Opportunity Growth Analysis, 2017-2025
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Singapore Rice Industry Size (USD
Billion)-2017-2025
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• Singapore Rice Industry is 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 countrys 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 Singapores 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 itemseggs, leafy vegetables, and fish
  (Kassim 2011).

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Singapore Rice Industry Outlook
Global Rice Industry Share(), By Region-2017-2025
Singapore Rice Industry Size USD (Billion).
2017-2025
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In 2017, Long Grain Rice accounted for the
highest market share XX in Singapore Rice
Industry
With XX 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
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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
  20172018 to XX million tons by 20252025. 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 20252025, 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
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Singapore Rice Imports (Thousand Tons)
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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.

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Singapore Rice Industry Y-O-Y Growth, By Rice
Type, 2017-2025
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Singapore Rice Industry Size (USD Billion), By
Rice Type-2017-2025
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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.

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Singapore Rice Industry Y-O-Y Growth, By Milled
Rice, 2017-2025
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Singapore Milled Rice Imports, 2012-2018
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business solutions, help our clients make
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across businesses and communities through our
well-defined ideas and clear cut forecasts.
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