Key Market Indicators
Singapore's container traffic volume is projected to climb to approximately 46.4 million Twenty-Foot Equivalent Units (TEUs) by 2028. This marks an increase from around 40.1 million TEUs in 2023, reflecting an annual growth rate of 2.3%. Since 2005, Singapore has experienced a steady rise in container traffic, with the demand growing at an average annual rate of 1.9%. In 2023, Singapore held the third position globally in container traffic volume. The United States surpassed Singapore, recording the same volume of 40.1 million TEUs. Slovenia, the United States, and Singapore ranked second, third, and fourth respectively in this metric.
