In 2023, the import value of woven fabric of glass fibres to Singapore stood at approximately 5.95 Million US Dollars. The forecasted data indicates a consistent decline over the next five years, starting at 5.5694 Million US Dollars in 2024 and decreasing to 4.0945 Million US Dollars by 2028. Year-on-year variation shows a downward trend: -6.82% in 2025, -7.18% in 2026, -7.58% in 2027, and -8.04% in 2028. The compound annual growth rate (CAGR) over the forecasted period (2024 to 2028) is approximately -7.08%.
Future trends to watch for include potential technological advancements in manufacturing, changes in trade policies, and demand fluctuations in key industries that utilize woven glass fibres such as construction and telecommunications. Additionally, market dynamics in neighboring countries and global sourcing strategies will play significant roles in influencing import volumes.
