| Product Code: ETC381267 | Publication Date: Aug 2022 | Updated Date: Nov 2025 | Product Type: Market Research Report | |
| Publisher: 6Wresearch | Author: Ravi Bhandari | No. of Pages: 75 | No. of Figures: 35 | No. of Tables: 20 |
In 2024, Singapore`s cut flowers market witnessed a 3.25% growth in imports compared to 2023, with a compound annual growth rate (CAGR) of 9.79% from 2020 to 2024. This import momentum can be attributed to the steady demand for high-quality cut flowers and stable market conditions fostering sustained growth.
The cut flowers market in Singapore is set to grow as consumers and the floral industry demand fresh and aesthetically pleasing cut flowers for various occasions and decorations. Cut flowers are a symbol of beauty and expression, often used in bouquets and floral arrangements. The market`s expansion is driven by the cultural significance of flowers and the desire for floral expressions.
The growth of the Singapore cut flowers market is influenced by factors such as floral gifting, events, and aesthetics. Cut flowers are popular for various occasions, including weddings, celebrations, and decor. Growth drivers encompass the demand for fresh and diverse flower varieties, innovations in flower farming for longevity, and applications in floral arrangements, events, and gift-giving. As floral aesthetics and expressions of emotion remain significant, the cut flowers market is poised for growth, providing essential blooms for special moments.
The cut flowers market in Singapore encounters challenges concerning floral imports and consumer preferences. Singapore relies heavily on flower imports, making it vulnerable to supply chain disruptions. Additionally, addressing concerns about floral quality, freshness, and adherence to sustainability practices is crucial to meet consumer preferences and environmental goals.
The cut flowers market in Singapore demonstrated resilience during the COVID-19 pandemic. While there were disruptions in some supply chains, cut flowers remained popular for gifting and decoration purposes. Florists and suppliers adapted by offering a variety of flower options, including unique and exotic varieties. The pandemic accelerated the trend of expressing sentiments through flowers, influencing market strategies.
In the Singapore cut flowers market, major players such as Far East Flora Holdings and Prince`s Flower Shop engage in the retail and distribution of fresh cut flowers, floral arrangements, and bouquet services for various occasions. Their expertise in floral design and flower retail makes them key contributors to this sector.