The import of coconuts to Singapore saw significant fluctuations from 2013 to 2023. From 2013 to 2016, there was a generally upward trend, with the highest recorded value in 2014 at a year-on-year increase of 10.04%. A notable dip occurred in 2017, when imports decreased by 19.36%. The following years exhibited a recovery and stabilization phase, with minor fluctuations and a general slow but steady growth. By 2023, the import volume stood at 33.751 million kilograms. The compounded annual growth rate (CAGR) over the last 5 years leading to 2023 was -0.66%, indicating relatively stagnant growth in the most recent period.
Future trends to watch include the forecasted moderate growth in coconut imports, predicted to reach 34.137 million kilograms by 2028 with a 5-year forecast CAGR of 0.18%. This suggests a continued, albeit slow, increase in the demand for coconuts in Singapore. Factors influencing future trends could include changes in consumer preferences, environmental impacts on production, trade policies, and developments in coconut-based product markets.
