Based on the data, Singapore's import of parts for domestic non-electric thermic appliances was forecasted at 137.39 thousand kilograms in 2024, a decline from the actual 2023 imports. Forecasted values show a significant year-on-year decline: from 137.39 thousand kilograms in 2024 to 106.62 thousand kilograms in 2025 (-22.4%), 76.46 thousand kilograms in 2026 (-28.3%), 46.91 thousand kilograms in 2027 (-38.6%), and 17.95 thousand kilograms in 2028 (-61.8%). Over the five-year period (2024-2028), the compounded annual growth rate (CAGR) reflects an average annual decrease of -38.5%.
Future trends to watch for include shifts in consumer preferences towards more energy-efficient appliances, potential advances in domestic production capabilities, and changes in trade policies that could impact import volumes significantly.
