In 2023, the import of fresh apricots to Singapore stood at 1.3291 million USD. The forecasted values for the upcoming years indicate a gradual increase: 1.3729 million USD in 2024, 1.4166 million USD in 2025, 1.4593 million USD in 2026, 1.5012 million USD in 2027, and 1.5422 million USD in 2028. The year-on-year percentage variations show continuous growth, ranging between 3.2% and 3.0% annually.
The Compound Annual Growth Rate (CAGR) for the period from 2024 to 2028 is approximately 3.0%. This demonstrates a stable increase in the import of fresh apricots to Singapore, suggesting a healthy demand trend.
Future trends to watch for:
- Trade policies affecting agricultural imports
- Consumer preferences towards fresh fruits in the region
- Economic factors influencing purchasing power and import capabilities
