What is the price of peppermint oil per kilogram/pound in Singapore today?
The retail price range for Singapore peppermint oil is between US$ 18.44 and US$ 31.84 per kilogram or between US$ 8.36 and US$ 14.44 per pound(lb). Click here to see today's exact prices of peppermint oil in Singapore
The retail price range in Singapore Dollar for peppermint oil is between SGD 24.80 and SGD 42.82 per kilogram or between SGD 11.25 and SGD 19.42 per pound(lb) in Singapore and Bishan.
Wholesale prices
In 2024, the approximate wholesale price range for Singapore peppermint oil is between US$ 12.91 and US$ 22.29 per kilogram or between US$ 5.86 and US$ 10.11 per pound(lb).
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Singapore Peppermint Oil Export Prices - Historical, Trends and Prediction
The export price per kilogram of Peppermint Oil from Singapore has seen a steady increase over the last five years. In 2016, the price was 12.26 US dollars per kilogram, and in 2021, the price was 20.90 US dollars per kilogram. This represents an increase of 7.64 US dollars per kilogram, or 62.3%. The highest price was in 2020, when it was 21.00 US dollars per kilogram. The lowest price was in 2014, when it was 12.09 US dollars per kilogram. Based on this trend, it is predicted that the export price per kilogram of Peppermint Oil from Singapore will be 22.50 US dollars in 2023 and 24.10 US dollars in 2024.Singapore Peppermint Oil Import Prices - Historical, Trends and Prediction
The import price per kilogram of Peppermint Oil into Singapore has seen a steady decline over the past five years. In 2016, the price was 12.26 US dollars per kg, and this decreased to 12.09 US dollars per kg in 2014. In 2015, the price increased slightly to 13.35 US dollars per kg, before dropping again to 16.15 US dollars per kg in 2019. The price then rose to 21.00 US dollars per kg in 2020, before dropping slightly to 20.90 US dollars per kg in 2021. Based on this trend, it is likely that the import price per kilogram of Peppermint Oil into Singapore will remain around the 20 US dollar mark in 2023 and 2024.Export values for Singapore peppermint oil
The total values in export for peppermint oil in Singapore were US$ 1,606, US$ 861, US$ 984 and US$ 549 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 peppermint oil in other countries across Asia: Kazakhstan peppermint oil, Kyrgyzstan peppermint oil, Tajikistan peppermint oil, Turkmenistan peppermint oil, Uzbekistan peppermint oil, China peppermint oil, Hong Kong peppermint oil, Macao peppermint oil, North Korea peppermint oil & Mongolia peppermint oil.
Singapore peppermint oil - Production, Exports, Imports, Seasons and HS Codes
The volume of peppermint oil exported by Singapore in 2020 was 19 metric tonnes. In 2019 Singapore sold 34 tonnes of peppermint oil. In 2019 alone, the interest in Singapore peppermint oil (processed category) has decreased, recording a change of -38.182 percent compared to the year 2018. Between 2017 and 2019, peppermint oil's exports went down by -29.17% netting Singapore US$0.55m for the year 2019. Singapore's peppermint oil exports are classified as:
- Oils of peppermint "Mentha piperita", whether or not terpeneless, incl. concretes and absolutes (HS code 330124)
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Singapore peppermint oil export values
In 2019, Singapore supplied peppermint oil costing 0.55m USD, a decrease of -44.11% from 2018's total peppermint oil export of 0.984m USD. The annual reduction in value of Singapore peppermint oil between 2017 to 2018 was 14.286 percent.
The per year change in the volume of Singapore's peppermint oil exports between 2017 and 2019 was -29.17 percent in comparison to a variation of -38.182% in the period between 2018 and 2019.
Singapore's portion of the world's total peppermint oil's exports in 2019 was less than 1%. The country holds position 45 in world exports of peppermint oil.
Export markets for Singapore peppermint oil ( in '000$ )
Import/Export Trends
Singapore is a net importer of peppermint oil. The annual growth of Singapore peppermint oil in value between 2015 to 2019 was -4%, per year, while annual growth in quantity for the same period was 11%, per annum.
Singapore imported 130 tonnes of peppermint oil in 2019.