Market Review of Singapore Wheat Flour
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Embassy of the Argentine Republic Indonesia By: Novi Yuningsih Market Review of Singapore Wheat Flour Singapore is the 3 rd richest country in the world in 2014 by GDP per capita; $81,346 (up 28.7% compared to last year), It is indicated that the purchasing power of Singaporeans increase and they need more products to consume. Therefore the increase of wholesale and retail companies happened yearly to fulfil the demand of products. Below are the increasing number of wholesale and retail trade companies yearly. Year 2010 2011 2012 2013 Total Company 7779 8487 8996 9602 Source: Ministry of Trade Singapore (www.mti.gov.sg) Singapore is a small country with the total population in July 2014 5.47 million people, it is located in Southeast Asia and does not have natural resources. Most of the food is supplied from other countries; the country relies heavily on imports. The Agri- commodities cluster in Singapore is represented by companies from the US, Europe, emerging Asia, Latin America and Russia. Singapore has an open door policy and importing into Singapore is very simplified. The total amount of import of products in Singapore in 2014 is US$463.779.100.000, in the same year Argentina has exported products to Singapore worth US$130.206.509 or 0.028% of its overall exports.
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Transcript of Market Review of Singapore Wheat Flour
Embassy of the Argentine Republic
Indonesia
By: Novi Yuningsih
Market Review of Singapore Wheat Flour
Singapore is the 3
rd richest country in the world in 2014 by GDP per capita; $81,346
(up 28.7% compared to last year), It is indicated that the purchasing power of Singaporeans
increase and they need more products to consume. Therefore the increase of wholesale and
retail companies happened yearly to fulfil the demand of products. Below are the increasing
number of wholesale and retail trade companies yearly.
Year 2010 2011 2012 2013
Total Company 7779 8487 8996 9602 Source: Ministry of Trade Singapore (www.mti.gov.sg)
Singapore is a small country with the total population in July 2014 5.47 million
people, it is located in Southeast Asia and does not have natural resources. Most of the food
is supplied from other countries; the country relies heavily on imports. The Agri-
commodities cluster in Singapore is represented by companies from the US, Europe,
emerging Asia, Latin America and Russia. Singapore has an open door policy and
importing into Singapore is very simplified.
The total amount of import of products in Singapore in 2014 is US$463.779.100.000, in the
same year Argentina has exported products to Singapore worth US$130.206.509 or 0.028%
of its overall exports.
Below are the top 10 Argentina exports to Singapore:
No HS Code
Description FOB us$ Peso Neto (Kg)
1 2710 Petroleum oils and oils obtained from bituminous minerals, other than crude; preparations not elsewhere specified or included, containing by weight 70% or more of petroleum oils or of oils obtained from bituminous minerals, these oils being the basic constituents of the preparations; waste oils.
66.668.858 96.667.085
2 4104 Tanned or crust hides and skins of bovine (including buffalo) or equine animals, without hair on, whether or not split, but not further prepared.
14.981.540 702.861
3 0207 Meat and edible offal, of the poultry of heading 01.05, fresh, chilled or frozen.
9.456.444 5.340.519
4 3507 Enzymes; prepared enzymes not elsewhere specified or included.
7.136.438 821.075
5 3503 Gelatin (including gelatin in rectangular (including square) sheets, whether or not surface-worked or coloured) and gelatin derivatives; isinglass; other glues of animal origin, excluding casein glues of heading 35.01.
5.300.778 810.360
6 0404 Whey, whether or not concentrated or containing added sugar or other sweetening matter; products consisting of natural milk constituents, whether or not containing added sugar or other sweetening matter, not elsewhere specified or included.
3.880.068 1.347.000
7 2204 Wine of fresh grapes, including fortified wines; grape must other than that of heading 20.09.
2.693.205 574.085
8 0808 Apples, pears and quinces, fresh. 2.469.965 1.614.191
9 0805 Citrus fruit, fresh or dried. 2.387.878 2.794.493
10 0101 Live horses, asses, mules and hinnies. 1.205.848 14.700
Others 14.025.487 7.833.490
Total Argentina Export to Singapore 130.206.509 118.519.859
Source: CEI Argentina
From year to year the total amount of import in Singapore increased; it is because
the government implies simple way to other countries to export goods to Singapore.
Therefore mostly every year the total amount of export by Argentina to Singapore also
increased. As we can see in the table below, Argentina has contributed to the export of
goods to Singapore and in average Argentine products market share in Singapore has
increased.
Description
Year
2010 2011 2012 2013
Total Imported
Singapore 423.222.000.000 459.655.000.000 474.554.000.000 466.762.000.000
Total Exported
Argentina to Singapore 37.610.287 62.154.101 48.379.381 114.428.726
Argentine Product
Market Share in
Singapore 0,009% 0,014% 0,010% 0,025%
Source: https://argexim.mrecic.gov.ar and www.mti.gov.sg
Market Information of Corn Flour (HS 110220), Corn Meal or Groat (HS 110313),
Worked Corn (HS 110423) and Germ of Cereals, Whole, Rolled, Flaked or Ground
(HS 110430) in Singapore
US, Malaysia, China, Japan and Taiwan are top countries which exported the above
products to Singapore since 2010 – 2013, and from year to year the value of export of those
products are decreased because of low demand from Singapore. Meanwhile if we look at
the increase of wholesale and retail trade in Singapore supposed to be the demand of those
products also increase, because one of reasons the increasing number of wholesale and
retail trade companies is to fulfil demand of products to Singaporeans. But it s not in line
with those products, which means Singaporeans are likely not so favourable to those
products.
The distribution of those imported products in Singapore is through the wholesale and retail
for home use, in recent years home use has declined because consumers are looking for
more health-oriented food. According to Centro de Economia International (CEI)
Argentina, there has been no export from Argentina to Singapore for products under HS
numbers; 1103.13.00, 1104.23.00, 1104.30.00 since 2012 until September 2014, but
Argentina in 2013 exported corn flour (HS 1102.20.00) and the value not significant
compared to other countries which exported corn flour to Singapore.
Following are statistic data of the above products imported in Singapore;
List of supplying markets for a product imported by
Singapore
Product: 11022000 Corn flour
Unit : US Dollar
thousand
Exporters
Imported
value in
2011
Imported
value in
2012
Imported
value in
2013
World 892 652 539
China 419 67 182
Malaysia 244 300 108
Peru 0 37 72
South Africa 36 0 49
Australia 10 21 44
Mexico 0 3 18
Japan 2 1 16
India 8 129 16
United States of
America 9 20 14
Netherlands 9 8 9
Italy 2 10 6
Belgium 0 0 2
France 0 46 1
Argentina 0 0 1
Taipei, Chinese 0 2 1
Thailand 0 6 1
United Arab Emirates 1 1 0
New Zealand 111 0 0
Pakistan 9 0 0
Korea, Republic of 1 0 0
Germany 0 1 0
Hong Kong, China 30 0 0
Sources: Trademap.org (ITC calculations based on International Enterprise Singapore, Ministry
of Trade and Industry statistics)
Product: 11031300 (Corn Meal or Groat)
Unit : US Dollar thousand
Exporters Imported
value in 2011
Imported
value in
2012
Imported
value in
2013
World 404 303 265
Malaysia 48 112 120
Thailand 0 37 67
United States of America 44 33 50
India 0 1 17
Australia 2 2 4
Canada 0 0 4
Italy 0 0 2
China 306 112 1
Myanmar 2 0 0
Spain 0 6 0
United Kingdom 1 0 0
Sources: Trademap.org (ITC calculations based on International Enterprise Singapore, Ministry of Trade and Industry statistics)
Product: 11042300 Corn worked
Unit : US Dollar
thousand
Exporters
Imported
value in
2011
Imported
value in
2012
Imported
value in
2013
World 172 10 6
Taipei, Chinese 0 0 4
Malaysia 0 0 1
India 13 0 0
United States of America 7 0 0
Australia 33 10 0
China 118 0 0
Sources: Trademap.org (ITC calculations based on International Enterprise Singapore,
Ministry of Trade and Industry statistics)
Product: 11043000 Germ of cereals whole rolled flaked or ground
Unit : US Dollar thousand
Exporters
Imported
value in
2011
Imported
value in
2012
Imported
value in
2013
World 49 78 47
United States of
America 25 16 24
Japan 13 16 14
United Kingdom 1 3 5
Egypt 0 0 3
France 0 0 1
Malaysia 0 0 1
Taipei, Chinese 10 8 0
New Zealand 0 1 0
Thailand 0 34 0
Sources: Trademap.org (ITC calculations based on International Enterprise Singapore,
Ministry of Trade and Industry statistics)
Singapore Cereals, Flour and Flakes, Corn & Other Food Product Importers and
Distributors
1. Hong Seng & Co. (Pte) Ltd
3 Defu Lane 9 Singapore 539245
Telp. +65 628 539245
Fax. +65 674 86643
Email: goldspot@pacific,net.sg
Contact Person: Mr. Tan Kim Toa (Managing Director
Product: Flour and flakes, cereals & other food products
2. Khong Guan Flour Milling Ltd
2 Mac Taggart Road Singapore 368078
Telp: +65 628 22511
Fax: +65 628 55868
Contact Person: Mr. Chew Soo Eng (Managing Director)
Product: Flour and flakes, cereals & other food products
3. Selvi Mills
Blk W 189 Pandan Loop Singapore 126891
Telp: +65 636 84701
Fax: +65 677 87260
Email: [email protected]
Website: www.selvimills.com
Contact Person: Mr. M. Kasinathan (Managing Director)
Product: Cereals & other meals
4. Swiss Singapore Overseas Enterprises Pte Ltd
Shenton House 3 Shenton Way #14-01 Singapore 068805
Telp: +65 622 18455
Fax: +65 622 24984
Email: [email protected]
Website: www.swiss-singapore.com
Contact Person: Mr. I.C. Rao (President Director)
Product: Cereals, corn and other meals
5. Directions Management Pte Ltd
Logistics Hub 31 Jurong Port Road #06-13 Singapore 619115
Telp: +65 651 51987
Fax: +65 651 54327
Email: [email protected]
Website: www.dm-pl.com
Contact Person: Mr. Rodney Wee (Managing Director)
Product: Cereals, corn flakes and other meals
6. New Eastern (1971) Pte Ltd
CES Building 69 Ubi Crescent # 04-06 Singapore 408561
Telp: +65 629 68777
Fax: +65 629 86661
Email: [email protected]
Website: www.neweastern.com.sg
Contact Person: Mr. S.M.Ling (Managing Director)
Product: Cereals and other meals
7. Prima Ltd
201 Keppel Road Singapore 099419
Telp: +65 627 28811
Fax: +65 627 32933
Email: [email protected]
Website: www.prima.com.sg
Contact Person: Mr. Cheng Chih Kwong (CEO)
Product: Cereals, flour and flakes and other meals
8. Sing Long Foodstuff Trading Co. Pte Ltd
22 Senoko Crescent Singapore 758275
Telp: +65 628 45254
Fax: +65 628 97351
Email: [email protected]
Website: www.singlong.com
Contact Person: Mr. Ng Chin Nyan (Director)
Product: Flour and flakes, cereals and other meals
9. Tan Heng Lee Co, (Pte) Ltd
Tan Hang Lee Building 1 Harvey Road Level 3 Singapore 369610
Telp: +65 628 59788
Fax: +65 628 53505
Email: [email protected] or [email protected]
Website: www.tanhenglee.com.sg
Contact Person: Mr. Jackson Tan (Managing Director) & Mr. Tan Sin Yat
(Business manager)
Product: Cereals, breakfast cereals and other meals
10. Thai Seng Long (Pte) Ltd
1775 Geylang Bahru #01-06 Singapore 339704
Telp: +65 653 38893
Fax: +65 653 57368
Contact Person: Mr. Lee Hiok Woon (Manager)
Product: Flour and flakes, cereals and other meals
11. Tri Gateway Export
Brooke Road #02-17 Singapore 449293
Telp: +65 634 81956
Fax: +65 634 80457
Email: [email protected]
Website: www.trigateway.com
Contact Person: Mr. John Babani (Purchasing Manager)
Product: Cereals and other meals
Source: Kompass Singapore 2013
Importing Procedures in Singapore
The beginning processes of importation are done through the internet, traders could obtain
import permits within 24 hours and the process is in simply way.
Overview
The import of goods into Singapore is regulated under the Customs Act and the
Regulation of Imports and Exports Act as well as their relevant subsidiary legislations.
Generally, all goods (including gas, water, media, electricity, records, etc.) imported into
Singapore are subjected to GST payment for non-dutiable goods and GST and/or duty
payment in the case of dutiable goods.
Dutiable goods in Singapore consist of the following items:
a. intoxicating liquors
b. tobacco products
c. motor vehicles and
d. petroleum products.
All other products are non-dutiable
Duties and GST Payment
The actual importer is responsible for the payment of any duties, GST and other
miscellaneous fees ("taxes and fees") to SC upon importation of their goods. The importer
may apply for an inter-bank GIRO (IBG) account with SC or they may appoint a
forwarding agent to pay the taxes and fees on their behalf. Please visit this website for the
IBG application form:
http://www.customs.gov.sg/topNav/ese/Online+Services+and+Forms.html
GST and/or duty is payable on imported goods regardless of whether or not the person
importing the goods is a taxable person. GST is calculated on the value of the goods which
includes cost, insurance and freight plus the duty payable (if any) at the point of
importation. The current GST rate is 7%. Duty is calculated based on the value of the goods
at the point of importation. Please visit this website for the list of duty rate for dutiable
goods:http://www.customs.gov.sg/leftNav/trad/val/List+of+Dutiable+Goods.html.
GST and/or duty is payable on imported goods regardless of whether or not the
person importing the goods is a taxable person.GST is calculated on the value of the goods
which includes cost, insurance and freight plus the duty payable (if any) at the point of
importation. The current GST rate is 7%.Duty is calculated based on the value of the goods
at the point of importation. Please visit this website for the list of duty rate for dutiable
goods: http://www.customs.gov.sg/leftNav/trad/val/List+of+Dutiable+Goods.html
Import Requirements
The importer is required to take up the appropriate import permit before the import
of goods into Singapore regardless of whether or not the goods are controlled or non-
controlled. This same requirement also applies to goods which are imported through
dedicated pipelines or other transport modes which does not pass through conventional
checkpoint clearance. Companies who are importing goods such as natural gas, water,
electricity, etc may contact Procedures & Systems Branch for more information on such
import requirements: [email protected].
Generally, controlled goods mean any goods for which a permit, licence or any
form of approval is required by a Competent Authority under any written laws in
Singapore. Please visit this website to view the list of controlled import items:
http://www.customs.gov.sg/leftNav/trad/TradeNet/List+Of+Controlled+Goods+-
+Imports.html
For highlights on Competent Authorities’ (CA) procedures and controls, please visit this
website:
http://www.customs.gov.sg/leftNav/trad/TradeNet/Highlights+on+Competent+Authorities+
%28CAs%29+Procedures.html
Trade prohibitions are also imposed on certain goods that cannot be imported from
countries sanctioned by the United Nations Security Council (UNSC). The importer is
advised to refer to the relevant UNSC Resolutions to check if the goods may be imported
from such sanctioned countries. A complete listing of the UNSC Sanctions can be found in
this website:
http://www.customs.gov.sg/stgc/leftNav/san/United+Nations+Security+Council+%28UNS
C%29+Sanctions.html
For dutiable goods, if they are imported for storage in a Licensed Warehouse (LW), the
GST and/or duty will be suspended. However, GST and duty will be payable when the
goods are removed from the LW into Customs Territory for use. For non-dutiable goods, if
they are imported for storage in a Zero GST Warehouse (ZGS) or under any of IRAS’s
GST suspension scheme [eg: Major Exporter Scheme (MES)], the GST will be suspended.
However, GST will be payable when the goods are removed from the ZGS into Customs
Territory for use. For more detailed information, please visit this website to refer to our
import procedures and click here for information on the import permit and documentation:
http://www.customs.gov.sg/leftNav/trad/Import+and+Export+Procedures.html
http://www.customs.gov.sg/stgc/leftNav/san/United+Nations+Security+Council+%28UNSC%29+Sanctions.html
Information of Importing for the following HS Code to Singapore:
1. 1102.20 00: Maize (corn) flour
2. 1103.13.00: Cereal groats, meal and pellet ...of maize (corn)
3. 1104.23.00: Cereal grains otherwise worked (for example, hulled, rolled, flaked,
pearled, sliced or kibbled), except rice of heading 10.06; germ of cereals, whole,
rolled, flaked or ground...of maize (corn)
HS Code HS Description
Controlling Agencies
CA Product Code
CA Product Description
Product Qty Unit
Duty Rates
Import Customs Duty
Excise Duty
1102.20.00 Maize or Corn Flour PFO ZRP0MC0QC00
Flour, Maize (Corn) TNE - -
1103.13.00
Groats & Meal of Maize or Corn PFO ZCP0AC0R900
Maize (Corn), Grits TNE - -
1104.23.00
Hulled Pearled Sliced or Kibble Worked Grains of Maize or Corn Worked PFO ZCP0AC0PY00
Maize (Corn), Worked TNE - -
1104.30.00
Germ of Cereals Whole Rolled Flaked or Ground PFO ZCP0AA1QQ00
Germ of Cereals Whole Rolled Flaked or Ground TNE - -
HS Code CA
Description Contact Person
Tel No
Fax No
Email Address
1102.20.00 Agrifood & Veterinary Authority (AVA) Quarantine & Inspection Group-AVA (Processed Food)-AVA (PFO)
Tradenet Officer
(65) 6325 7576
(65) 632 57648
ava_import&export_foodstuff@ ava.gov.sg
5 Maxwell Road #02-03 Tower Block MND Complex Singapore 069110
Operating Hours: Mon - Thurs: 8.30am - 6.00pm
Fri: 8.30am - 5.30pm
Lunch Hour: 1.00pm
- 2.00pm
1103.13.00
1104.23.00
1104.30.00
Sources: www.customs.gov.sg
