Market Size of Singapore Floriculture Industry
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| Forecast Data Period | 2024 - 2029 |
| Market Size (2024) | USD 29.90 Million |
| Market Size (2029) | USD 41.92 Million |
| CAGR (2024 - 2029) | 7.00 % |
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Singapore Floriculture Market Analysis
The Singapore Floriculture Market size is estimated at USD 29.90 million in 2024, and is expected to reach USD 41.92 million by 2029, growing at a CAGR of 7% during the forecast period (2024-2029).
- Singapore is one of the leading countries in orchid cut-flower export. Rosa, Lily, peonies, Orchids, Frangipani, Jasmine, and Hibiscus are the top 7 flowers that are grown in Singapore. Lily is used in traditional Asian medicine for the treatment of depression and certain types of toxicities, and orchids, the national flower of Singapore, are used for decorative purposes and for creating flower arrangements or bouquets.
- Peonies are usually sold as cut flowers and used in commercial bouquets by florists. These large flowers have a fragrant scent and are known as the Chinese king of flowers. You can usually find peonies in shades of white, pink, and red.
- According to the ITC Trade Map, Singapore imported USD 42.8 thousand value of cut flowers in 2021. Malaysia, China, Netherlands, and India are the major exporters of flowers to Singapore. High domestic demand and rising investments in projects and growing use of technology are the factors that are driving the growth of the market.
