Between 2013 and 2023, the export of whiskies from Singapore exhibited fluctuations. The value decreased from 2013 to 2014 by 5.72%, then increased significantly in certain years, reaching a value of $1,036.4 million in 2023. The year-on-year variation in 2023 was 2.92%. The Compound Annual Growth Rate (CAGR) over the last 5 years stood at 3%.
Future trends indicate moderate growth from 2024 to 2028 with a forecasted CAGR of 2.18%. Expected market influences may include evolving consumer preferences, regulatory changes, and global economic factors impacting trade.
