The forecasted import volumes of non-monetary gold in unwrought forms to Singapore show a steady increase from 37.75 thousand kilograms in 2024 to 40.29 thousand kilograms by 2028. In 2023, Singapore imported 37.22 thousand kilograms in this category, marking a consistent upward trend.
Year-on-year percentage variations indicate an average growth of approximately 1.75% from 2024 to 2025, 1.67% from 2025 to 2026, 1.61% from 2026 to 2027, and 1.54% from 2027 to 2028. Over the last two years, the import volume has seen an average year-on-year growth of about 1.78%. The compound annual growth rate (CAGR) for the period from 2023 to 2028 stands at roughly 1.67%.
Future trends to watch include global economic fluctuations, changes in gold prices, and the geopolitical landscape, all of which could significantly affect the volume of gold imports to Singapore. Monitoring trade policies and shifts in demand for gold in various industries will also be essential.
