Singapore's then-prime minister, Goh Chok Tong, quipped at his 1996 National Day Rally Speech, two years after the launch of the Great Singapore Sale (GSS) event. The Monthly Statistical Bulletin provides key monetary and banking statistics to inform market participants, analysts and the wider public of the latest financial sector developments in Singapore. DOS | SingStat Website - Consumer Price Index. Singapore resident population as of June Core inflation was up 4.8% y/y, compared with a 4.4% increase previously. The latter is worthy of particular note, because Singapores online grocery market is growing faster than that of any other country in the world. Consumer Spending in Singapore increased to 45497 SGD Million in the second quarter of 2022 from 43741.30 SGD Million in the first quarter of 2022. source: Statistics Singapore Singapore 4. 74.2% of Singapores population is Chinese with Malays accounting for 13.2%, the 3 % in 2010 (1).Energy intakes are also higher than previously; the population mean daily intake rose from 9950 kJ (2378 kcal) in This fact and the stable economy and high earning population of Singapore set the scene for industries to really prosper. Ethnic and religious breakdowns. The Chinese form the largest ethnic group in Singapore. 3.2% of the population of Singapore, or 182,000 people, are of other ethnicities, with Westerners from Europe and the United States making up a significant portion. Singapore's most downloaded crypto wallets include Crypto.com, Metamask, and Binance - although the latter was impacted substantially in 2022. As of 2021, Singapore's population was around 5.45 million. There are loads of different demographics that you could divide a customer population into, such as: Age. The product is based on segmentation criteria including Statistics on Consumer Price Index (CPI), food inflation and Harmonised Consumer Prices. For Singapore, the monthly Consumer Price Index (CPI) measures the average price changes in a fixed basket of consumption goods and services commonly purchased by the resident households over time. It is commonly used as a measure of consumer price inflation. The Rise Of Responsible Consumerism Data are in current U.S. dollars. Demographics of Singapore - Wikipedia , Aug 31, 2022. Singapore consumer spending for 2021 was $122.95B, a 9.16% increase from 2020. In contrast, we see the lowest concentration Core Consumer Prices in Singapore increased to 109.82 points in July from 109.29 points in June of 2022. They generally make informed buying decisions based on online research, social media and peer A Glimpse of the Singapore Consumer Market Compared to the previous years contribution of 7.7%, the sales of supermarkets and hypermarkets have almost doubled. Singapore Core Consumer Prices Historical data on core CPI in Singapore. Latest: Colombia 15:00 Statistics on E-Commerce Landscape in Singapore consumers in Singapore: demographic profile, diet quality Responding to our survey? Female general marriage rate Singapore 2012-2021. Customer demographics are different sections of a consumer population. Such growth should project a market volume of USD 4,079 million by the year 2025. In the last half-century, the population has seen a change of 222% as reported by Statistics Singapore. The country grew by over 3.06 million over the last 50 years and reached an all-time high of 5.81 million in 2018, up from an all-time low of 1.65 in December 1960. Singaporean Coffee Industry Analysis & Growth Go to the business survey portal or the prices survey portal. In Singapore, about 3.3 million people shop in the e-commerce market and the expected revenue from the market in 2021 is USD 2,793m. Singapore In Singapore, revenue in the e-commerce market is projected to reach USD $2,793 million in 2021 according to Statista. Supermarkets & hypermarkets contributed 14.4% of the total online sales for Singapores retail trade industry in June 2021. The Experian Mosaic Singapore, an index that looks at the Singapore consumer, was recently updated with over 200 new data points from sources including Its a multiracial and subsequently multicultural country, with a majority of the population being Chinese. Within the consumer goods sector, every sub-category saw increases of at least 30 percent, while two categories Toys, Hobbies & DIY and Food & Personal Care saw growth in excess of 40 percent. The demographics of Singapore include the population statistics of Singapore such as population density, ethnicity, education level, health of the populace, economic status, religious affiliations and other demographic data of the population. Consumer Access the enhanced SingStat Table Builder and Consumer Profiles for Singapore | Europa Technologies Demographics This page provides the latest reported value for - Singapore Core Singapore Online Shopping Statistics In Singapore [2022 ] Singapore Consumer Types in Singapore Consumer types can be a powerful tool to help companies better understand and appeal to their target markets. Millennials will soon become the largest consumer group in Singapore. 12 Singapore Loyalty Spend Market Size and Forecast by Consumer Demographics & Behavior, 2021 12.1 Singapore Loyalty Spend Share by Age Group, 2021 12.2 Singapore Loyalty Spend Share by Income Level, 2021 Singapore consumer spending for 2020 was $112.63B, a 15.58% decline 74.2% of Singapores population is Chinese with Malays accounting for 13.2%, the second largest but distantly placed community in the country. Indians also comprise part of the minority group and account for only 9.2% of the population. Singapore Consumer Goods Statistics The revenue is expected to grow at a compound annual growth rate of 9.9% between 2021 and 2025. DOS | SingStat Website - Consumer Price Index - Base Electricity and gas prices Singapore Consumer & Retail Report If you think of all active customers in the market as a large pie, then customer demographics are ways you can divide that pie into different slices. In 2023, household spending will moderate slightly downwards to 2.2% y-o-y as recovery effects wane. Core Consumer Prices in Singapore averaged 82.99 points from 1990 until 2022, reaching an all time high of 109.82 points in July of 2022 and a record low of 63.85 points in January of 1990. We forecast real household spending in Singapore will grow by a further 2.3% y-o-y over 2022, slowing from the 4.7% y-o-y growth in spending recorded in 2021. Singapore Consumer Spending 2022 Data - 2023 Forecast Singapore Inflation Rate 2022 | Consumer Price Index - Take-Profit By going beyond typical demographic-based segmentation, such as age or gender, and grouping consumers based on shared traits and preferences, companies can better develop products and marketing campaigns that resonate Although inflation will also moderate downwards across 2023, the real incomes of Singaporean consumers will As indicated by the figure above, the bulk of Singapores online consumer crowd is composed of people between 25 to 34 years old. Singapore B2C Ecommerce Market Opportunities Databook - 100+ KPIs on Ecommerce Verticals (Shopping, Travel, Food Service, Media & Entertainment, Technology), Market Share by Key Players, Sales Channel Analysis, Payment Instrument, Consumer Demographics - Q2 Overall, the island nations online retail trade industry is worth approximately $3.3 billion.

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