The forecasted data for wheat consumption in Singapore shows a steady increase from 343.0 thousand metric tons in 2024 to 353.0 thousand metric tons in 2028. To provide a clearer picture:
• From 2024 to 2025, the year-on-year variation is approximately 0.9%.
• From 2025 to 2026, the year-on-year variation is around 0.6%.
• From 2026 to 2027, the year-on-year variation is roughly 0.9%.
• From 2027 to 2028, the year-on-year variation is about 0.6%.
The compound annual growth rate (CAGR) from 2024 to 2028 stands at approximately 0.7%, indicating a gradual but consistent rise in wheat consumption over this period.
Future trends to watch for include potential changes in dietary preferences, possible shifts in trade policies that could affect import prices, and any advancements in agricultural technology which might impact domestic production or substitutes for wheat.
