Key Market Indicators
Singapore's computer hardware import market is projected to see a steady increase over the next five years. By 2028, the sector is expected to reach approximately $1.39 billion, up from $1.27 billion in 2023. This represents an average annual growth rate of 1.4%. Historical data shows that since 1994, demand for computer hardware in Singapore has grown at an average rate of 1.9% per year. On the export front, Singapore's computer hardware industry is also set for modest growth. Exports are forecasted to climb to around $1.21 billion by 2028, slightly up from $1.20 billion in 2023. This reflects a minimal annual growth rate of 0.1%. Since 1994, the supply of computer hardware from Singapore has increased at an average annual rate of 0.2%.
