What is the price of bananas per kilogram/pound in Singapore today?
The retail price range for Singapore bananas is between US$ 0.74 and US$ 1.18 per kilogram or between US$ 0.34 and US$ 0.53 per pound(lb). Click here to see today's exact prices of bananas in Singapore
The retail price range in Singapore Dollar for bananas is between SGD 1.00 and SGD 1.58 per kilogram or between SGD 0.45 and SGD 0.72 per pound(lb) in Singapore and Bishan.
Wholesale prices
In 2024, the approximate wholesale price range for Singapore bananas is between US$ 0.52 and US$ 0.82 per kilogram or between US$ 0.24 and US$ 0.37 per pound(lb).
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Singapore Bananas Export Prices - Historical, Trends and Prediction
The export price per kilogram of Bananas from Singapore has seen a lot of fluctuation over the past five years. In 2016, the price was 0.93 US $ per kg, followed by a sharp decrease to 0.61 US $ per kg in 2017. In 2018, the price dropped further to 0.53 US $ per kg. However, in 2019, the price saw a significant drop to 0.23 US $ per kg. The price then rose to 1.41 US $ per kg in 2020 and 1.33 US $ per kg in 2021. Based on this trend, it is predicted that the export price per kilogram of Bananas from Singapore will be around 1.20 US $ per kg in 2023 and 1.05 US $ per kg in 2024.The exports of bananas from Singapore are classified as:
- Bananas, incl. plantains, fresh or dried (HS code 080300)
- Fresh or dried bananas (excluding plantains) (HS code 080390)
Singapore Bananas Import Prices - Historical, Trends and Prediction
The import price per kilogram of Bananas into Singapore over the last five years has been quite volatile. In 2016, the price was 0.93 US dollars per kg, which was the highest in the last five years. This was followed by a sharp decline in 2017, when the price dropped to 0.61 US dollars per kg. In 2018, the price further decreased to 0.53 US dollars per kg, the lowest in the last five years. However, in 2020, the price rose to 1.41 US dollars per kg, the highest in the last five years. In 2021, the price dropped to 1.33 US dollars per kg. Based on the data, it is likely that the import price per kilogram of Bananas into Singapore will remain relatively stable in the next two years. We predict that the price in 2023 will be around 1.30 US dollars per kg and in 2024 it will be around 1.25 US dollars per kg.Export values for Singapore bananas
The total values in export for bananas in Singapore were US$ 178, US$ 92, US$ 8 and US$ 57 in US dollar thousand for the years 2016, 2017, 2018 and 2019 in that order.
Prices of other produce in the Fruits category in Singapore: Olives, Pumpkins, squash and gourds, Sweetcorn, Dates, Figs, Pineapples, Avocados, Mangoes, Oranges & Mandarin Oranges (tangerines and clementines.
See prices of bananas in other countries across Asia: Kazakhstan bananas, Kyrgyzstan bananas, Tajikistan bananas, Turkmenistan bananas, Uzbekistan bananas, China bananas, Hong Kong bananas, Macao bananas, North Korea bananas & Mongolia bananas.
Singapore bananas - Production, Exports, Imports, Seasons and HS Codes
The amount of bananas exported by Singapore in 2020 was 27 tons. In 2019 Singapore shipped 245 tonnes of bananas. For the year 2019 alone, the interest in Singapore bananas (fruits category) has escalated, changing by 1533.333 % compared to the year 2018. Between 2017 and 2019, bananas' exports increased by 61.18 percent netting the exporter US$0.06m for the year 2019. Singapore's bananas exports are classified as:
- Bananas, incl. plantains, fresh or dried (HS code 080300)
- Fresh or dried bananas (excluding plantains) (HS code 080390)
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Singapore bananas export values
In 2019, Singapore supplied bananas costing 0.06m USD, an improvement of 650.00% from 2018's total bananas export of 0.008m USD. The yearly change in value of Singapore bananas between 2017 to 2018 was -91.304%.
The per year variation in the amount of Singapore's bananas exports between 2017 and 2019 was 61.18 pc in comparison to a variation of 1533.333% in the period between 2018 and 2019.
Singapore's stake of the world's total bananas' exports in 2019 was less than 1%. Singapore holds number 34 in world exports of bananas.
Export markets for Singapore bananas ( in '000$ )
Singapore's leading export markets for bananas are Indonesia, Malaysia, Myanmar, Cambodia and Australia.
Import/Export Trends
Singapore is a net importer of bananas. The annual growth of Singapore bananas in value between 2015 to 2019 was 73%, per annum, while annual growth in quantity during the same period was -10%, per annum.
Singapore purchased 54,159 tonnes of bananas in 2019.