Find an extensive collection of market research reports on Singapore in our online store. A profound industry analysis, an economic review, examination of most recent developments, figures as well as statistics – these are only some of the data found in the studies.
Overview of Singapore
Singapore, a city state in South East Asia, became an independent country in 1965. With a land area of 633 square kilometers, it is made up of the main Island (Pulau Ujong) and about 50 other small islands. Singapore has an equatorial climate and large areas of tropical rainforests.
The overall country’s population is 5.2 million, with Singapore City, the capital, being home to 3.5 million residents. 75% of the population is of Chinese background, 17% of them come from Malaysia, and 8% - of Indian origin. Overseas workers account for 50% of the total population. It is the second most densely populated nation worldwide, after Monaco.
The country boasts one of the globe’s highest standards of living. Its currency is Singapore dollar.
Economic structure
The country has a highly developed successful free market economy. It has stable prices with inflation at 4.6% in 2012. It relies heavily on exports of consumer electronics, IT products, pharmaceuticals, and also on a strong financial sector.
From 2004 to 2007, the GDP grew at a rate of 8.6%. With the global financial crisis of 2009 it suffered badly and only grew by 0.8% but then rebounded in 2010 with a staggering growth of 14.8% - third in the world after Qatar and Paraguay. This slowed in 2011 to 5.2% and 1.3% in 2012 with demand for export products dwindling during the Euro crisis. The GDP was valued at USD 251.5 billion in 2012. 26.8% was generated by industry and 73.2% by the service centre. Unemployment stood at 1.9% in 2012.
Singapore's main export partners are Malaysia, the USA, Hog Kong, China, Indonesia, Japan, Australia, and South Korea.
Its import partners are Malaysia, the USA, China, South Korea, Indonesia, Saudi Arabia, and the UAE.
Industry Analysis
Electronics industry
In 2012, the electronics industry contributed 78.1 billion Singapore dollars to the economy. It is responsible for 38.8% of all investment, and it employs 80,000 people.
This sector includes: 14 silicon wafer fabrication plants; 11 of the world's top 20 integrated device manufacturers; 20 semiconductor operations; top 3 hard disk manufacturers; 4 of the world's top 5 electronic manufacturing service providers;
The leading companies based in the country include, among others, Seagate Technology, STMicroelectronics, Murate Manufacturing Co, and Ventura Corporation.
Sales of consumer electronics were strong in 2012-2013 mainly due to the strong markets for smartphones, tablets and portable laptops. The market is predicted to remain buoyant as consumers tend to upgrade to novel versions of these smart devices as they become available.
Banking and Finance
Singapore has turned into the finance and banking centre of Southeast Asia, with companies including wealth management firms, international banks, and other financial establishments. Banking, insurance and foreign exchange have been the main growth areas in the sector. Singapore’s geographical posiiton and telecom network makes possible and convenientto trade 24 hours a day. The country is home to several prominent names in the industry, including Prudential, BNP Paribas, Credit Suisse, Barclays Capital, etc. The sector grew by over 5% in 2011.
Tourism
A growth of 12% in the tourist industry of Singapore is predicted by 2015; it is expected that 17 million people will visit and contribute 30 billion Singapore dollars to the domestic industry. Two integrated resorts were completed in 2011, and the revenues generated by the casino amounted to 1.7% of the nation’s GDP. The country has aimed at world class tourist facilities, and it is succeeding with its airline (Singapore airlines), its airport and Shangri La hotel – all having won world's best awards in recent years. Singapore has begun to attract tourists from other Asian countries like China, India and Malaysia. It has also begun to look at niche tourism such as medical tourism, business tourism and retail tourism. World class sporting events, such as the Formula 1 Grand Prix, have also raised the country's international profile.
Chemicals
The local chemical industry is growing at a fast race due to the government’s increased focus on the sector development. The country is deemed to be among the 10 leading petrochemical centers globally. It is a leader in the oil refining business and is among the top 3 oil trading hubs worldwide. Some of the dominant domestic companies comprise Sumitomo Chemical, Exxon Mobil, and Shell. Jurong Island houses 94 firms operating in the sector, who have made an investment of 31 billion Singapore dollars in fixed assets on this site. Chemicals were responsible for 37% of the country’s GDP in 2010.
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Electronics and Appliance Specialist Retailers in Singapore
US$ 990.00
... improvement in growth rates within electronics and appliances in 2018 but also set the stage fo... Euromonitor International's Electronics and Appliance Specialist Retailers in Singapore report offers insight into ...
March 2022
47 pages
Health and Beauty Specialist Retailers in Singapore
US$ 990.00
... products in this area. In addition, since high... Euromonitor International's Health and Beauty Specialist Retailers in Singapore report offers insight into key trends and developments driving ...
March 2022
51 pages
Homeshopping in Singapore
US$ 990.00
... products on the phone instead of online, homeshopping sales will continue to gradually increas... Euromonitor International's Homeshopping in Singapore report offers insight into key trends ...
March 2022
47 pages
Retailing in Singapore
US$ 2,100.00
... only just recovering economy, the retail downturn is still prevalent in Singapore due to weak retailer sentiment and low consumer confidence. ... commerce and, more importantly, m-commerce platfo... Euromonitor International's Retailing in Singapore report offers insight into key trends and developments driving ...
March 2022
148 pages
Apparel and Footwear Specialist Retailers in Singapore
US$ 990.00
... face from rapidly growing fast fash... Euromonitor International's Apparel and Footwear Specialist Retailers in Singapore report offers insight into key trends and developments driving ...
March 2022
50 pages
Home and Garden Specialist Retailers in Singapore
US$ 990.00
... and homeware. Moreover, more people are... Euromonitor International's Home and Garden Specialist Retailers in Singapore report offers insight into key trends and developments driving ...
March 2022
48 pages
Convenience Stores in Singapore
US$ 990.00
Sales growth for convenience stores in Singapore has taken a hit over the years due to a combination of various ... , are frequenting supermarkets that price items lower than convenience s... Euromonitor International's Convenience Stores in Singapore report offers insight into key trends and developments ...
March 2022
48 pages
Traditional Grocery Retailers in Singapore
US$ 990.00
With the majority of Singapore’s grocery retailing landscape now penetrated by modern grocery formats, traditional grocery retailers are struggling to survive, with sales ... and other popular retai... Euromonitor International's Traditional Grocery Retailers in Singapore report offers insight into key trends and ...
March 2022
48 pages
Variety Stores in Singapore
US$ 990.00
... environment in Singapore, the outlook for variety stores remains optimistic due to the fact that such players offer a wide variety of inexpensive ... The number of outlets in this area contin... Euromonitor International's Variety Stores in Singapore report offers insight into key trends and developments driving ...
March 2022
47 pages
Department Stores in Singapore
US$ 990.00
... currently plagued by many uncertainties, with department stores in particular struggling. In 2018, Singapore department stores saw a further decline in value ... groups of customers in Singapore that department stores can po... Euromonitor International's Department Stores in Singapore report offers insight into ...
March 2022
48 pages
Warehouse Clubs in Singapore
US$ 990.00
Despite the annual membership fee charged by NTUC FairPrice’s warehouse club in Singapore, more and more Singaporeans do not mind paying this ... shelves decked with extra-large products, v... Euromonitor International's Warehouse Clubs in Singapore report offers insight into key trends and developments driving ...
March 2022
46 pages
Food and Drink E-Commerce in Singapore
US$ 990.00
Traditionally, last mile or final mile delivery is the most expensive part of the fulfilment chain due to the small number of goods and varying distances. Food and drink e-commerce grew in popularity...
March 2022
45 pages
E-Commerce (Goods) in Singapore
US$ 990.00
Lazada, Qoo10, and Shopee have official brand stores for both consumers and luxury brands, ensuring the authenticity of a product, as a consumer is less likely to question the authenticity of a produc...
March 2022
49 pages
Mobile E-Commerce (Goods) in Singapore
US$ 990.00
Omnichannel marketing activities and mobile apps may have been present in Singapore for approximately a decade, but bespoke mobile applications (native m-commerce) for retailers in Singapore have only...
March 2022
45 pages
Coffee Market in Singapore 2021
US$ 450.00
Coffee is a beverage brewed from the roasted and ground seeds of the tropical evergreen coffee plants of African origin. Coffee contains caffeine, a stimulant that has been shown to increase energy le...
February 2022
14 pages
Tea Market in Singapore 2022
US$ 450.00
Tea is an aromatic beverage prepared by pouring hot or boiling water over cured or fresh leaves of Camellia sinensis. Traditional teas originating from the Camellia sinensis plant include black, white...
February 2022
22 pages
Alcoholic Beverages Market in Singapore 2021
US$ 450.00
Alcoholic beverages comprise a large group of beverages that contain varying amounts of alcohol. Alcoholic beverages produced on an industrial scale include beer, wine, cider, RTDs and distilled spiri...
January 2022
16 pages
Better For You Beverages in Singapore
US$ 990.00
... This has resulted in consumers resortin... Euromonitor International's Better For You Beverages in Singapore report tracks the developments of health-associated product types ... this report? Get a detailed picture of the Better For You Beverages market; Pinpoint growth sectors and identify factors driving ...
January 2022
25 pages
Better For You Packaged Food in Singapore
US$ 990.00
... fat, sugar, and sodium content such as s... Euromonitor International's Better For You Packaged Food in Singapore report tracks the developments of health-associated product types and ...
January 2022
28 pages
Fortified/Functional Beverages in Singapore
US$ 990.00
... seen as fresher and more natural. Euromonitor International's Fortified/Functional Beverages in Singapore report tracks the developments of health-associated product types ... this report? Get a detailed picture of the Fortified/Functional Beverages market; Pinpoint growth sectors and identify factors driving ...
January 2022
27 pages
Fortified/Functional Packaged Food in Singapore
US$ 990.00
... help with their digestion. This will include consumption of fortified/functional packaged f... Euromonitor International's Fortified/Functional Packaged Food in Singapore report tracks the developments of health-associated product types ...
January 2022
29 pages
Naturally Healthy Beverages in Singapore
US$ 990.00
... sales decline in NH soft drinks w... Euromonitor International's Naturally Healthy Beverages in Singapore report tracks the developments of health-associated product types and ... this report? Get a detailed picture of the Naturally Healthy Beverages market; Pinpoint growth sectors and identify factors driving ...
January 2022
26 pages
Naturally Healthy Packaged Food in Singapore
US$ 990.00
... and a Ministry of Health campaign. Euromonitor International's Naturally Healthy Packaged Food in Singapore report tracks the developments of health-associated product types ... this report? Get a detailed picture of the Naturally Healthy Packaged Food market; Pinpoint growth sectors and identify factors driving ...
January 2022
26 pages
Organic Beverages in Singapore
US$ 990.00
... awareness of them. Organic beverages pale in comparison with organic food, which has a much larger value sales base in Singapore due to stronger ... space and better retail distributi... Euromonitor International's Organic Beverages in Singapore report tracks the developments of health-associated product ...
January 2022
24 pages
Organic Packaged Food in Singapore
US$ 990.00
... exposure has led to growing consumer interest in food safety and health improvement. Euromonitor International's Organic Packaged Food in Singapore report tracks the developments of health-associated ...
January 2022
25 pages
Free From in Singapore
US$ 990.00
... local fast food chain is c... Euromonitor International's Free From in Singapore report tracks the developments of health-associated product types ... is set to change. Product coverage: Free From Allergens, Free From Dairy, Free From Gluten, Free From Lactose, Free From Meat. Data coverage: market sizes (historic ...
January 2022
28 pages
Footwear Market in Singapore 2021
US$ 450.00
Footwear is important to protect the feet against burns, cuts, punctures and impact. Traditionally, footwear was made from leather, wood or canvas, but increasingly it also can be made from rubber, pl...
January 2022
13 pages
