Singapore

Value sales of premium and luxury cars rose by 8% to total SGD4.5 billion in 2023, as higher-income consumers chose to buy a new luxury car, showing resilience in the face of macroeconomic headwinds. Wealth determines the degree of demand that exists…

In Singapore, premium beauty and personal care maintained solid current value growth in 2023, with premium fragrances and premium skin care standing out as the primary drivers of actual value growth, and remaining the largest categories overall. This…

Processed fruit and vegetables only recorded marginal retail volume growth in 2023, following a dip in 2022 due to rising unit prices, which saw consumers switching to fresh fruit and vegetables. The inevitable price hikes diminished the cost…

Following a surge in demand for processed fruit and vegetables during the pandemic in Singapore, thereby boosting packaging, as local consumers looked to stock up on shelf stable essentials to avoid regular visits to grocery stores, retail unit…

While retail unit volumes of processed meat and seafood packaging recorded a marginal decline in 2022 compared to the highs of 2020, following the emergence of the pandemic and prolonged home seclusion, they remained higher than 2019 levels.