The import value of phenolic resins to Singapore is projected to experience steady growth from 2024 to 2028. The year-on-year variation percentages are as follows: from 2024 to 2025, an increase of 0.87%; from 2025 to 2026, a rise of 0.84%; from 2026 to 2027, a growth of 0.82%; and from 2027 to 2028, an increment of 0.80%. The compound annual growth rate (CAGR) over this 5-year period is approximately 0.84%.
Future trends to monitor include potential changes in global oil prices, shifts in manufacturing capabilities both locally and regionally, and advancements in the use of phenolic resins in various industries. These factors could impact the import volume and value of phenolic resins to Singapore in the coming years.
