Spain's grape juice exports to Singapore have exhibited significant fluctuations from 2013 to 2023. In 2023, the volume stood at 158 metric tons, maintaining the same level as in the preceding two years. The years 2017 and 2020 showed remarkable spikes with 48.91% and 253.25% year-on-year growth, respectively, while 2018 and 2021 experienced notable declines. The 5-year CAGR from 2018 to 2023 averaged at 22.19%, indicating substantial variability and volatility in export volumes.
Future trends to watch for:
- The five-year forecast anticipates a subtle growth trend with a forecasted CAGR of 0.13% from 2024 to 2028.
- A stable growth trajectory at around 159 metric tons from 2027 onwards suggests potential market stabilization.
