In 2023, India's grape juice exports to Singapore were valued at 2.0 thousand US dollars. Over the last two years, this value remained consistent with no year-on-year variations. Reviewing the longer period, 2013-2023, a significant initial decline is observed, dropping from 7.0 thousand US dollars in 2013 to a steady value of 2.0 thousand US dollars maintained since 2017, apart from a minor dip to 1.9 in 2020.
The compound annual growth rate (CAGR) over the past five years stands at 0%, signifying no growth trend during this period. Looking forward, a slight positive uptick is forecasted, with the CAGR expected to be 0.98% over the next five years, projecting a modest growth rate of 5% by 2028.
Future trends to watch for:
- The impact of global market changes on export prices.
- Potential demand shifts in Singapore's market for grape juice.
- Trade policy alterations between India and Singapore influencing export metrics.