The export value of refined sugar from Malaysia to Singapore has seen significant fluctuations over the past decade. In 2023, the export value stood at 6.55 million USD. The year-on-year decline from 2022 to 2023 was 12.49%. The compound annual growth rate (CAGR) over the past five years shows an average annual decline of 6.81%. Over the upcoming years, the forecasted export value continues this downward trend, with a predicted decline to 2.02 million USD by 2028 and a CAGR of -18.55% from 2024 to 2028.
Future trends to watch for include potential changes in trade policies, shifts in global sugar market dynamics, advancements in alternative sweeteners, and Singapore's domestic production capabilities which could further influence the export dynamics between Malaysia and Singapore.
