What is the price of beef per kilogram/pound in Singapore today?
The retail price range for Singapore beef is between US$ 27.03 and US$ 38.36 per kilogram or between US$ 12.26 and US$ 17.40 per pound(lb). Click here to see today's exact prices of beef in Singapore
The retail price range in Singapore Dollar for beef is between SGD 36.35 and SGD 51.58 per kilogram or between SGD 16.48 and SGD 23.39 per pound(lb) in Singapore and Bishan.
Wholesale prices
In 2024, the approximate wholesale price range for Singapore beef is between US$ 18.92 and US$ 26.85 per kilogram or between US$ 8.58 and US$ 12.18 per pound(lb).
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Singapore Beef Export Prices - Historical, Trends and Prediction
The export price per kilogram of Beef from Singapore has seen a steady increase over the last five years. In 2016, the export price was $3.09, followed by a decrease to $2.59 in 2017. In 2018 and 2019, the export price was $2.58 and $2.39 respectively. In 2020, the export price increased to $2.86 and in 2021, it reached its highest point of $4.20. Based on this trend, it is predicted that the export price of Beef from Singapore in 2023 will be around $3.00 and in 2024, it will be around $3.50.The beef exports from Singapore are categorised as:
- Frozen edible bovine livers (HS code 020622)
- Fresh or chilled bovine cuts, with bone in (excluding carcases and 1/2 carcases) (HS code 020120)
- Frozen, boneless meat of bovine animals (HS code 020230)
- Carcases or half-carcases of bovine animals, fresh or chilled (HS code 020110)
- Fresh or chilled edible offal of bovine animals (HS code 020610)
- Frozen edible bovine tongues (HS code 020621)
- Frozen bovine carcases and half-carcases (HS code 020210)
- Frozen bovine cuts, with bone in (excluding carcases and half-carcases) (HS code 020220)
- Frozen edible bovine offal (excluding tongues and livers) (HS code 020629)
- Fresh or chilled bovine meat, boneless (HS code 020130)
Singapore Beef Import Prices - Historical, Trends and Prediction
The import price per kilogram of Beef into Singapore has seen a steady decline over the past five years. In 2012, the price was 2.84 US dollars per kg, and this decreased to 2.5 US dollars per kg in 2013. The price remained relatively stable in 2014 and 2015, at 2.51 and 2.19 US dollars per kg respectively. In 2016, the price increased to 3.09 US dollars per kg, before dropping to 2.59 US dollars per kg in 2017. The price then decreased further to 2.58 US dollars per kg in 2018 and 2.39 US dollars per kg in 2019. In 2020, the price increased to 2.86 US dollars per kg, before rising to 4.2 US dollars per kg in 2021. Based on this trend, it is likely that the import price per kilogram of Beef into Singapore will continue to increase in the coming years, with an estimated price of 4.41 US dollars per kg in 2023 and 4.62 US dollars per kg in 2024.Export values for Singapore beef
The total values in export for beef in Singapore were US$ 80,625, US$ 61,640, US$ 47,975 and US$ 33,377 in US dollar thousand for the years 2016, 2017, 2018 and 2019 in that order.
Prices of other produce in the Meat category in Singapore: Pork, Mutton, Goat Meat, Horse Meat, Chicken Meat, Turkey Meat, Duck Meat, Geese Meat, Guinea Fowls Meat & Rabbit Meat.
See prices of beef in other countries across Asia: Kazakhstan beef, Kyrgyzstan beef, Tajikistan beef, Turkmenistan beef, Uzbekistan beef, China beef, Hong Kong beef, Macao beef, North Korea beef & Mongolia beef.
Singapore beef - Production, Exports, Imports, Seasons and HS Codes
The amount of beef exported by Singapore in 2020 was 10,649 metric tons. In 2019 Singapore shipped 13,941 tonnes of beef. For 2019 alone, the interest in Singapore beef (meat category) has decreased, changing by -24.883 % compared to the year 2018. Between 2017 and 2019, beef's exports reduced by -41.44% bringing the exporter US$33.38m for the year 2019. Singapore's beef exports are categorised as:
- Frozen, boneless meat of bovine animals (HS code 020230)
- Frozen bovine carcases and half-carcases (HS code 020210)
- Carcases or half-carcases of bovine animals, fresh or chilled (HS code 020110)
- Fresh or chilled edible offal of bovine animals (HS code 020610)
- Frozen edible bovine offal (excluding tongues and livers) (HS code 020629)
- Frozen edible bovine livers (HS code 020622)
- Fresh or chilled bovine cuts, with bone in (excluding carcases and 1/2 carcases) (HS code 020120)
- Frozen edible bovine tongues (HS code 020621)
- Frozen bovine cuts, with bone in (excluding carcases and half-carcases) (HS code 020220)
- Fresh or chilled bovine meat, boneless (HS code 020130)
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Singapore beef export values
In 2019, Singapore supplied beef valued at 33.38m USD, a decrease of -30.42% from 2018's total beef export of 47.975m USD. The yearly change in value of Singapore beef between 2017 to 2018 was -22.169 per cent.
The yearly change in the quantity of Singapore's beef exports between 2017 and 2019 was -41.44 per cent compared to a variation of -24.883% in the period between 2018 and 2019.
Export markets for Singapore beef ( in '000$ )
Singapore's top export markets for beef are Malaysia, Brazil, South Korea, Qatar and Sri Lanka.
Singapore brought in 40,444 tonnes of beef in 2019.