| Product Code: ETC386487 | Publication Date: Aug 2022 | Updated Date: Feb 2026 | Product Type: Market Research Report | |
| Publisher: 6Wresearch | Author: Ravi Bhandari | No. of Pages: 75 | No. of Figures: 35 | No. of Tables: 20 |
In 2024, the import trend for Singapore`s freshwater fish market experienced a decline, with a growth rate of -6.5% compared to the previous year. However, the compound annual growth rate (CAGR) for 2020-2024 stood at 2.35%. This decrease in import momentum in 2024 could be attributed to shifting consumer preferences or changes in trade policies impacting market stability.

By 2027, the Freshwater Fish market in Singapore is anticipated to reach a growth rate of -0.00%, as part of an increasingly competitive Asia region, where China remains at the forefront, supported by India, Japan, Australia and South Korea, driving innovations and market adoption across sectors.

The Singapore freshwater fish market caters to consumers seeking a variety of locally and regionally sourced fish species. Sustainability and responsible fishing practices are key considerations as the market strives to meet the demand for fresh, high-quality fish. The industry may see growth as consumers increasingly prioritize locally sourced and environmentally friendly seafood options.
The growth of the Singapore freshwater fish market is influenced by factors such as seafood consumption, culinary diversity, and demand for locally sourced fish. Freshwater fish varieties are valued for their unique flavors and cooking versatility. Growth drivers encompass the demand for high-quality and sustainably sourced freshwater fish, innovations in aquaculture practices, and applications in seafood restaurants, markets, and home cooking. As consumers appreciate locally sourced and diverse seafood options, the freshwater fish market is expected to grow, providing essential ingredients for culinary traditions.
The freshwater fish market in Singapore faces challenges related to freshwater fish farming, quality control, and market competition. Freshwater fish, including tilapia and catfish, are popular choices, and ensuring their quality, safety, and availability is vital for the seafood industry. Managing freshwater fish farming practices and addressing concerns about fish quality, sustainability, and market competition are key challenges for the industry.
The freshwater fish market in Singapore navigated the COVID-19 pandemic with adaptability. While there were disruptions in some supply chains, freshwater fish remained a popular choice for consumers seeking locally sourced and sustainable seafood options. Suppliers adapted by ensuring product quality, safety, and availability. The pandemic underscored the importance of supporting local aquaculture and environmentally friendly seafood choices, influencing market strategies.
The Singapore freshwater fish market is influenced by suppliers like Spring Leaf Premium Food and Hai Sia Seafood, providing a variety of freshwater fish products to meet consumer preferences.
Export potential enables firms to identify high-growth global markets with greater confidence by combining advanced trade intelligence with a structured quantitative methodology. The framework analyzes emerging demand trends and country-level import patterns while integrating macroeconomic and trade datasets such as GDP and population forecasts, bilateral import–export flows, tariff structures, elasticity differentials between developed and developing economies, geographic distance, and import demand projections. Using weighted trade values from 2020–2024 as the base period to project country-to-country export potential for 2030, these inputs are operationalized through calculated drivers such as gravity model parameters, tariff impact factors, and projected GDP per-capita growth. Through an analysis of hidden potentials, demand hotspots, and market conditions that are most favorable to success, this method enables firms to focus on target countries, maximize returns, and global expansion with data, backed by accuracy.
By factoring in the projected importer demand gap that is currently unmet and could be potential opportunity, it identifies the potential for the Exporter (Country) among 190 countries, against the general trade analysis, which identifies the biggest importer or exporter.
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