What is the price of chocolate per kilogram/pound in Singapore today?
The retail price range for Singapore chocolate is between US$ 6.93 and US$ 14.85 per kilogram or between US$ 3.14 and US$ 6.73 per pound(lb). Click here to see today's exact prices of chocolate in Singapore
The retail price range in Singapore Dollar for chocolate is between SGD 9.32 and SGD 19.97 per kilogram or between SGD 4.23 and SGD 9.06 per pound(lb) in Singapore and Bishan.
Wholesale prices
In 2024, the approximate wholesale price range for Singapore chocolate is between US$ 4.85 and US$ 10.40 per kilogram or between US$ 2.20 and US$ 4.71 per pound(lb).
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Singapore Chocolate Export Prices - Historical, Trends and Prediction
The export price per kilogram of Chocolate from Singapore has seen a steady increase over the last five years. In 2016, the price was 3.84 US dollars per kg, and by 2021, it had risen to 9.51 US dollars per kg. This represents an increase of 4.67 US dollars per kg, or a growth rate of 21.2%. Looking ahead, we can expect the export price of Chocolate from Singapore to continue to rise in the coming years. In 2023, we predict the price to be around 10.50 US dollars per kg, and in 2024, the price is likely to be around 11.50 US dollars per kg.The Singapore chocolate exports are categorised as:
- Chocolate and other preparations containing cocoa, in blocks, slabs or bars of <= 2 kg (excluding filled) (HS code 180632)
- Chocolate and other preparations containing cocoa, in blocks, slabs or bars of <= 2 kg, filled (HS code 180631)
- Chocolate and other food preparations containing cocoa, in blocks, slabs or bars weighing > 2 kg or in liquid, paste, powder, granular or other bulk form, in containers or immediate packings of a content > 2 kg (excluding cocoa powder) (HS code 180620)
- Chocolate and other preparations containing cocoa, in containers or immediate packings of <= 2 kg (excluding in blocks, slabs or bars and cocoa powder) (HS code 180690)
Singapore Chocolate Import Prices - Historical, Trends and Prediction
The import price per kilogram of Chocolate into Singapore has seen a steady decline over the last five years. In 2016, the price was 3.84 US dollars per kg, and this decreased to 3.60 US dollars per kg in 2017. In 2018, the price spiked to 58.12 US dollars per kg, before dropping to 39.50 US dollars per kg in 2019. The price then decreased further to 9.74 US dollars per kg in 2020, and 9.51 US dollars per kg in 2021. Based on this trend, it is likely that the import price per kilogram of Chocolate into Singapore will be around 8.50 US dollars per kg in 2023, and 8.00 US dollars per kg in 2024.Export values for Singapore chocolate
The total values in export for chocolate in Singapore were US$ 375,915, US$ 354,988, US$ 407,749 and US$ 460,445 in US dollar thousand for the years 2016, 2017, 2018 and 2019 in that order.
Prices of other produce in the Processed category in Singapore: Milk & Cream, Yogurt, Kefir & Buttermilk, Whey, Butter, Cheese, Natural Honey, Coffee, Green Tea & Black Tea.
See prices of chocolate in other countries across Asia: Kazakhstan chocolate, Kyrgyzstan chocolate, Tajikistan chocolate, Turkmenistan chocolate, Uzbekistan chocolate, China chocolate, Hong Kong chocolate, Macao chocolate, North Korea chocolate & Mongolia chocolate.
Singapore chocolate - Production, Exports, Imports, Seasons and HS Codes
The amount of chocolate shipped by Singapore in 2020 was 44,641 metric tons. In 2019 Singapore exported 11,656 tonnes of chocolate. In 2019 alone, the demand for Singapore chocolate (processed category) has improved, changing by 66.135 per cent compared to the year 2018. Between 2017 and 2019, chocolate's exports decreased by -88.17% earning Singapore US$460.44m for the year 2019. Singapore's chocolate exports are classified as:
- Chocolate and other preparations containing cocoa, in blocks, slabs or bars of <= 2 kg, filled (HS code 180631)
- Chocolate and other preparations containing cocoa, in blocks, slabs or bars of <= 2 kg (excluding filled) (HS code 180632)
- Chocolate and other food preparations containing cocoa, in blocks, slabs or bars weighing > 2 kg or in liquid, paste, powder, granular or other bulk form, in containers or immediate packings of a content > 2 kg (excluding cocoa powder) (HS code 180620)
- Chocolate and other preparations containing cocoa, in containers or immediate packings of <= 2 kg (excluding in blocks, slabs or bars and cocoa powder) (HS code 180690)
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Singapore chocolate export values
In 2019, Singapore exported chocolate with a value of 460.44m USD, an improvement of 12.92% from 2018's total chocolate export of 407.749m USD. The annual increase in value of Singapore chocolate between 2017 to 2018 was 14.863%.
The yearly change in the volume of Singapore's chocolate exports between 2017 and 2019 was -88.17% compared to a variation of 66.135% in the period between 2018 and 2019.
Export markets for Singapore chocolate ( in '000$ )
Singapore's top export markets for chocolate are Japan, Australia, Malaysia, South Korea and China.
Singapore procured 14,569 tonnes of chocolate in 2019.