Key Market Indicators
Singapore's import of metal products is projected to decline to approximately $832 million by 2028, down from around $876 million in 2023. This represents an average annual decrease of 0.8%. Historical data since 1994 indicates that the country's demand for metal products has been declining at an average rate of 1.2% per year. Conversely, exports of metal products from Singapore are expected to experience modest growth. Projections suggest that exports will reach roughly $1.01 billion by 2028, up from around $1 billion in 2023. This reflects an average annual growth rate of 0.1%. Despite this slight increase, the long-term trend shows that Singapore's supply of metal products has decreased by an average of 0.4% per year since 1994.
