What is the price of mackerel per kilogram/pound in Singapore today?
The retail price range for Singapore mackerel is between US$ 5.55 and US$ 7.24 per kilogram or between US$ 2.52 and US$ 3.29 per pound(lb). Click here to see today's exact prices of mackerel in Singapore
The retail price range in Singapore Dollar for mackerel is between SGD 7.47 and SGD 9.74 per kilogram or between SGD 3.39 and SGD 4.42 per pound(lb) in Singapore and Bishan.
Wholesale prices
In 2024, the approximate wholesale price range for Singapore mackerel is between US$ 3.89 and US$ 5.07 per kilogram or between US$ 1.76 and US$ 2.30 per pound(lb).
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Singapore Mackerel Export Prices - Historical, Trends and Prediction
The export price per kilogram of Mackerel from Singapore has seen a steady decline over the last five years. In 2021, the price was 2.68 US dollars per kilogram, down from 3.54 US dollars per kilogram in 2011. The lowest price was recorded in 2018, when the export price was 2.36 US dollars per kilogram. The price has since increased slightly, with the latest figure being 2.85 US dollars per kilogram in 2020. Based on this trend, it is likely that the export price of Mackerel from Singapore will continue to decrease in the next two years, with an estimated price of 2.60 US dollars per kilogram in 2023 and 2.45 US dollars per kilogram in 2024.Singapore Mackerel Import Prices - Historical, Trends and Prediction
The import price per kilogram of Mackerel into Singapore has seen a steady decline over the past five years. In 2016, the price was 2.67 US dollars per kg, and in 2021, it had dropped to 2.68 US dollars per kg. This represents a decrease of 0.99 US dollars per kg over the five-year period. The lowest price was recorded in 2018, when the import price was 2.36 US dollars per kg. This was followed by a slight increase in 2019, when the price rose to 2.77 US dollars per kg. The price then dropped again in 2020 to 2.85 US dollars per kg, before decreasing further to 2.68 US dollars per kg in 2021. Based on this trend, it is likely that the import price of Mackerel into Singapore will continue to decrease in the coming years. We can predict that the import price in 2023 will be around 2.50 US dollars per kg, and in 2024, it will be around 2.35 US dollars per kg.Export values for Singapore mackerel
The total values in export for mackerel in Singapore were US$ 9,453, US$ 8,598, US$ 3,046 and US$ 6,780 in US dollar thousand for the years 2016, 2017, 2018 and 2019 in that order.
Prices of other produce in the Fish category in Singapore: Live Ornamental Fish, Live Trout, Live Eels, Live Carp, Live Tuna, Live Fish, Trout, Salmon, Halibut Fish & Sole Fish.
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Singapore mackerel - Production, Exports, Imports, Seasons and HS Codes
The volume of mackerel sold by Singapore in 2020 was 2,512 tons. In 2019 Singapore exported 2,450 tonnes of mackerel. Across 2019 alone, the market for Singapore mackerel (fish category) has escalated, with a change of 90.217 pc compared to the year 2018. Between 2017 and 2019, mackerel's exports reduced by -24.87 pc bringing Singapore US$6.78m for the year 2019. Singapore's mackerel exports are classified as:
- Fresh or chilled Indian mackerels "Rastrelliger spp.", seerfishes "Scomberomorus spp.", jacks, crevalles "Caranx spp.", silver pomfrets "Pampus spp.", Pacific saury "Cololabis saira", scads "Decapterus spp.", capelin "Mallotus villosus", Kawakawa "Euthynnus affinis", bonitos "Sarda spp.", marlins, sailfishes and spearfish "Istiophoridae" (HS code 030249)
- Fresh or chilled mackerel (Scomber scombrus, Scomber australasicus, Scomber japonicus) (HS code 030264)
- Prepared or preserved mackerel, whole or in pieces (excluding minced) (HS code 160415)
- Fresh or chilled jack and horse mackerel "Trachurus spp." (HS code 030245)
- Fresh or chilled mackerel "Scomber scombrus, Scomber australasicus, Scomber japonicus" (HS code 030244)
- Frozen mackerel (Scomber scombrus, Scomber australasicus, Scomber japonicus) (HS code 030374)
- Frozen mackerel "Scomber scombrus, Scomber australasicus, Scomber japonicus" (HS code 030354)
- Frozen jack and horse mackerel "Trachurus spp." (HS code 030355)
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Singapore mackerel export values
In 2019, Singapore shipped mackerel with a value of 6.78m USD, an increment of 122.59% from 2018's total mackerel export of 3.046m USD. The annual increase in value of Singapore mackerel between 2017 to 2018 was -64.573 per cent.
The per year change in the amount of Singapore's mackerel exports between 2017 and 2019 was -24.87 per cent compared to a variation of 90.217% in the period between 2018 and 2019.
Singapore's portion of the world's total mackerel's exports in 2019 was less than 1%. Singapore is ranked number 33 in world exports of mackerel.
Export markets for Singapore mackerel ( in '000$ )
Import/Export Trends
Singapore is a net importer of mackerel. The annual growth of Singapore mackerel in value between 2015 to 2019 was -47%, per annum, while annual growth in quantity for the same period was -49%, per annum.
Singapore procured 6,519 tonnes of mackerel in 2019.