The import of parts and accessories for radiation apparatus to Singapore stood at 259.38 million USD in 2023. The forecast for 2024 is expected to reach 266.08 million USD, indicating a year-on-year growth of 2.59%. The subsequent years show a steady increase, with 2025 projected at 273.03 million USD (a 2.61% increase), 2026 at 279.85 million USD (2.50% increase), 2027 at 286.53 million USD (2.39% increase), and 2028 at 293.08 million USD (2.28% increase). The compound annual growth rate (CAGR) from 2024 to 2028 is estimated at 2.47%.
Future trends to watch for include:
- The impact of technological advancements in radiation apparatus on import demand.
- Potential trade policy changes affecting supply chains.
- Fluctuations in global economic conditions influencing import costs and demand.