What is the price of shark fins per kilogram/pound in Singapore today?
The retail price range for Singapore shark fins is between US$ 9.89 and US$ 98.90 per kilogram or between US$ 4.49 and US$ 44.85 per pound(lb). Click here to see today's exact prices of shark fins in Singapore
The retail price range in Singapore Dollar for shark fins is between SGD 13.30 and SGD 132.99 per kilogram or between SGD 6.03 and SGD 60.31 per pound(lb) in Singapore and Bishan.
Wholesale prices
In 2024, the approximate wholesale price range for Singapore shark fins is between US$ 6.92 and US$ 69.23 per kilogram or between US$ 3.14 and US$ 31.40 per pound(lb).
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Singapore Shark Fins Export Prices - Historical, Trends and Prediction
The export price per kilogram of Shark Fins from Singapore over the last five years has been quite varied. In 2017, the price was 15.91 US$ per kg, followed by a slight increase to 17.54 US$ per kg in 2018. In 2019, the price rose to 20.06 US$ per kg, and then dropped to 19.00 US$ per kg in 2020. The most recent year, 2021, saw a significant increase to 24.43 US$ per kg. Based on this data, it is likely that the export price of Shark Fins from Singapore will continue to increase in the coming years, with an estimated price of 25.43 US$ per kg in 2023 and 26.43 US$ per kg in 2024.Singapore Shark Fins Import Prices - Historical, Trends and Prediction
The import price per kilogram of Shark Fins into Singapore over the last five years has been quite volatile. In 2016, the price was 15.19 US dollars per kg, which was the lowest in the five-year period. This was followed by a slight increase in 2017 to 15.91 US dollars per kg. In 2018, the price rose to 17.54 US dollars per kg, and then further increased to 20.06 US dollars per kg in 2019. The highest price in the five-year period was recorded in 2020, at 19.00 US dollars per kg. The price then dropped slightly in 2021 to 24.43 US dollars per kg. Based on the current trend, it is expected that the import price per kilogram of Shark Fins into Singapore will continue to increase in the next two years. It is predicted that the price in 2023 will be around 26.00 US dollars per kg, and in 2024 it will be around 28.00 US dollars per kg.Export values for Singapore shark fins
The total values in export for shark fins in Singapore were US$ 36,401, US$ 21,001, US$ 34,689 and US$ 66,339 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 shark fins - Production, Exports, Imports, Seasons and HS Codes
The quantity of shark fins exported by Singapore in 2020 was 2,315 metric tons. In 2019 Singapore shipped 3,307 tonnes of shark fins. For 2019 alone, the market for Singapore shark fins (fish category) has escalated, with a change of 67.189 % compared to the year 2018. Between 2017 and 2019, shark fins' exports went up by 150.53 pc netting the exporter US$66.34m for the year 2019. Singapore's shark fins exports are classified as:
- Prepared or preserved shark fins, whole or in pieces (excl. minced) (HS code 160418)
- Frozen fish fins, heads, tails, maws and other edible fish offal (excl. livers, roes, milt and shark fins) (HS code 030399)
- Shark fins, smoked, dried, salted or in brine (HS code 030571)
- Fresh or chilled shark fins (HS code 030292)
- Frozen shark fins (HS code 030392)
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Singapore shark fins export values
In 2019, Singapore exported shark fins with a value of 66.34m USD, a growth of 91.24% from 2018's total shark fins export of 34.689m USD. The yearly change in value of Singapore shark fins between 2017 to 2018 was 65.178 per cent.
The yearly variation in the volume of Singapore's shark fins exports between 2017 and 2019 was 150.53% in comparison to a variation of 67.189% in the period between 2018 and 2019.
Export markets for Singapore shark fins ( in '000$ )
Singapore purchased 3,521 tonnes of shark fins in 2019.