The import of impregnated, coated, or laminated textile fabrics to Singapore has seen considerable fluctuations from 2013 to 2023. In 2013, the value stood at 158.53 million USD and peaked in 2014 before experiencing a downward trend. The year 2023 showed a value of 129.83 million USD. Recent trends highlight a -0.25% year-on-year decline for both 2022 and 2023. Over the past five years, the compound annual growth rate (CAGR) is 0.82%, indicating a slight overall decline.
Into the future, from 2024 onwards, forecasts suggest continued albeit small decline with a five-year CAGR of -0.21%, equating to a -1.02% total reduction by 2028. Key trends to watch include potential impacts from economic policies, shifts in global textile demand, and technological innovations in fabric production, significantly influencing market dynamics.
