The 2011 Import and Export Market for Seaweeds and Other Algae in Singapore by ICONGroup


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									   The 2011 Import and Export
    Market for Seaweeds and
    Other Algae in Singapore

                         Professor Philip M. Parker, Ph. D.
                      Chaired Professor of Management Science
                    INSEAD (Singapore & Fontainebleau, France)                                      ©2011 ICON Group Ltd.

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                                About the Author
Dr. Philip M. Parker is the Eli Lilly Chaired Professor of Innovation, Business and Society at
INSEAD where he has taught courses on multivariate statistics and global competitive strategy
since 1988. He has also taught courses at MIT, Stanford University, Harvard University, UCLA,
UCSD, and the Hong Kong University of Science and Technology. He is the author of six books
on the economic convergence of nations. These books introduce the notion of “physioeconomics”
which foresees a lack of global convergence in economic behaviors due to physiological and
physiographic forces. His latest book is "Physioeconomics: The Basis for Long-Run Economic
Growth" (MIT Press 2000). He has also published numerous articles in academic journals,
including The Rand Journal of Economics, Marketing Science, the Journal of International
Business Studies, Technological Forecasting and Social Change, International Journal of
Forecasting, the European Management Journal, the European Journal of Operational
Research, Journal of Marketing, International Journal of Research in Marketing, and Journal of
Marketing Research. He is also on the editorial boards of several academic journals.

Dr. Parker received his Ph.D. in Business Economics from the Wharton School of the University
of Pennsylvania and has Masters degrees in Finance and Banking (University of Aix-Marseille)
and Managerial Economics (Wharton). His undergraduate degrees are in mathematics, biology
and economics (minor in aeronautical engineering). He has consulted and/or taught courses in
Africa, the Middle East, Asia, Latin America, North America and Europe.

                                 About this Series
This series was created for international firms who rely on foreign export markets for a
substantial portion of their business or who might be threatened by foreign trade competition.
The estimates given in this report were created using a methodology developed by and under the
direct supervision of Professor Philip M. Parker, the Eli Lilly Chaired Professor of Innovation,
Business and Society, at INSEAD. The methodology, relying on historical figures of economic
growth and trade flows, estimates the market shares of some 150 countries for over 500 industrial
or product categories. The figures should be seen as market estimates, as opposed to historical
records, as these are projected for the current year of trade.

Some of the methodologies and research approaches used in this report have benefited from the
R&D Committee at INSEAD, whose research support is gratefully acknowledged. Additional
editorial assistance from Tiffany LaRochelle, ICON Group International, Inc., is also
acknowledged.                                                    ©2011 ICON Group Ltd.

                           About ICON Group Ltd.
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                                                           Contents        v

Table of Contents
1     INTRODUCTION AND METHODOLOGY                                     6
2     SINGAPORE AND THE WORLD MARKET                                   8
    2.1    Imports in Singapore in 2011                                8
    2.2    Exports from Singapore in 2011                              8
3     IMPORTS IN SINGAPORE                                             9
    3.1      Asia                                                      9
       3.1.1   China                                                   9
       3.1.2   Indonesia                                              10
       3.1.3   Japan                                                  11
       3.1.4   South Korea                                            12
       3.1.5   Taiwan                                                 13
       3.1.6   Thailand                                               13
    3.2      North America & the Caribbean                            14
       3.2.1   Canada                                                 14
       3.2.2   the United States                                      15
4     EXPORTS FROM SINGAPORE                                          16
    4.1      Asia                                                     16
       4.1.1   China                                                  16
       4.1.2   Indonesia                                              16
       4.1.3   Thailand                                               17
    4.2      North America & the Caribbean                            18
       4.2.1   the United States                                      18
    5.1    Disclaimers & Safe Harbor                                  19
    5.2    ICON Group Ltd. User Agreement Provisions                  20                                ©2011 ICON Group Ltd.
                                                    Seaweeds and Other Algae in Singapore       6

On the demand side, exporters and strategic planners focusing on seaweeds and other algae in
Singapore face a number of questions. Which countries are supplying seaweeds and other algae
to Singapore? How important is Singapore compared to others in terms of the entire global and
regional market? How much do the imports of seaweeds and other algae vary from one country
of origin to another in Singapore? On the supply side, Singapore also exports seaweeds and other
algae. Which countries receive the most exports from Singapore? How are these exports
concentrated across buyers? What is the value of these exports and which countries are the
largest buyers?

This report was created for strategic planners, international marketing executives and
import/export managers who are concerned with the market for seaweeds and other algae in
Singapore. With the globalization of this market, managers can no longer be contented with a
local view. Nor can managers be contented with out-of-date statistics which appear several years
after the fact. I have developed a methodology, based on macroeconomic and trade models, to
estimate the market for seaweeds and other algae for those countries serving Singapore via
exports, or supplying from Singapore via imports. It does so for the current year based on a
variety of key historical indicators and econometric models.

In what follows, Chapter 2 begins by summarizing where Singapore fits into the world market for
imported and exported seaweeds and other algae. The total level of imports and exports on a
worldwide basis, and those for Singapore in particular, is estimated using a model which
aggregates across over 150 key country markets and projects these to the current year. From
there, each country represents a percent of the world market. This market is served from a
number of competitive countries of origin. Based on both demand- and supply-side dynamics,
market shares by country of origin are then calculated across each country market destination.
These shares lead to a volume of import and export values for each country and are aggregated to
regional and world totals. In doing so, we are able to obtain maximum likelihood estimates of
both the value of each market and the share that Singapore is likely to receive this year. From
these figures, rankings are calculated to allow managers to prioritize Singapore compared to other
major country markets. In this way, all the figures provided in this report are forecasts that can
be combined with internal information sources for strategic planning purposes.

After the worldwide summary in Chapter 2 of both imports and exports of seaweeds and other
algae, Chapter 3 goes into detail on imports, but for each major country of origin serving
Singapore. A “major” market is defined as a country where Singapore represents a substantially
large share of either imports or exports. For each major country exporting to Singapore, one can
thus observe how important Singapore is to that exporting country compared to other countries of
the world. Chapter 4 does the same, but for exports of seaweeds and other algae originating from
Singapore, for each major country of destination. In doing so, one can discover the share that
Singapore has in each major market; this share value is often used as a measure of
competitiveness for Singapore. In all cases, the total dollar volume and percentage share values                                                    ©2011 ICON Group Ltd.
                                                       Seaweeds and Other Algae in Singapore        7

by major trading partner are provided. Combined, Chapters 3 and 4 present a the total picture for
imports and exports of seaweeds and other algae to and from Singapore to and from all other
major countries in the world. "Seaweeds and Other Algae" as a category is defined in this report
following the definition given by the United Nations Statistics Division Classification Registry
using the Standard International Trade Classification, Revision 3 (SITC, Rev. 3). The SITC code
that defined "seaweeds and other algae" is 29297 . For more information on this definition,
please refer to the following web site: .

This report is updated on an annual basis. To ensure that you have the most current version,
please check the web site of ICON Group at

Important Caveat. The figures should be seen as market estimates, as opposed to historical
records, as these are forecasted for the current year of trade. More importantly, in light of the fact
that unforeseeable factors might interrupt markets in achieving their reported levels, the figures
should be seen as estimates of potential. For example, "mad cow" disease, foot-and-mouth
disease, trade embargoes, military conflicts, acts of terrorism and other events will certainly
affect the actual trade flows recorded for a variety of industry or product categories. In such
cases, the difference between the numbers given in this report and the numbers actually observed
might be interpreted as the "net loss" or "net gain" due to these exogenous events affecting
regular trade flows that would have occurred had these events not have taken place.                                                       ©2011 ICON Group Ltd.
                                                         Seaweeds and Other Algae in Singapore          8

2.1         IMPORTS IN SINGAPORE IN 2011
                  Imported Seaweeds and Other Algae in Singapore, 2011
                              (Structure of Foreign Import Competition)

Country of Origin             Rank         Value (000 US$)              % Share        Cumulative %
China                              1                    1,471               40.93                 40.93
Thailand                           2                    1,240               34.50                 75.43
Japan                              3                      380               10.57                 86.00
Indonesia                          4                      213                5.93                 91.93
Canada                             5                       94                2.62                 94.55
the United States                  6                       89                2.48                 97.02
Taiwan                             7                       61                1.70                 98.72
South Korea                        8                       46                1.28                100.00
Total                                                   3,594              100.00                100.00
    Source: Philip M. PARKER, Professor, INSEAD, copyright 2011,

                 Seaweeds and Other Algae Exports from Singapore, 2011
Country of Destination        Rank         Value (000 US$)              % Share        Cumulative %
Indonesia                          1                      206               46.09                 46.09
Thailand                           2                      152               34.00                 80.09
the United States                  3                       51               11.41                 91.50
China                              4                       38                8.50                100.00
Total                                                     447              100.00                100.00
    Source: Philip M. PARKER, Professor, INSEAD, copyright 2011,                                                          ©2011 ICON Group Ltd.
                                                         Seaweeds and Other Algae in Singapore          9

3.1         ASIA
3.1.1          China
                    Seaweeds and Other Algae Exports from China, 2011
Country of Destination        Rank         Value (000 US$)              % Share        Cumulative %
Japan                             1                   88,319                60.10                 60.10
the United States                 2                   21,185                14.42                 74.51
South Korea                       3                    6,476                 4.41                 78.92
Thailand                          4                    5,569                 3.79                 82.71
Australia                         5                    4,878                 3.32                 86.03
Russia                            6                    4,202                 2.86                 88.89
Canada                            7                    2,717                 1.85                 90.74
France                            8                    1,563                 1.06                 91.80
Germany                           9                    1,553                 1.06                 92.86
Singapore                        10                    1,471                 1.00                 93.86
Hong Kong                        11                    1,384                 0.94                 94.80
Belarus                          12                    1,208                 0.82                 95.62
New Zealand                      13                      916                 0.62                 96.25
the Netherlands                  14                      836                 0.57                 96.82
Brazil                           15                      819                 0.56                 97.37
Mexico                           16                      592                 0.40                 97.78
Belgium                          17                      473                 0.32                 98.10
Malaysia                         18                      448                 0.30                 98.40
Denmark                          19                      406                 0.28                 98.68
Italy                            20                      323                 0.22                 98.90
Austria                          21                      284                 0.19     
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