The import of Frozen Swine Edible Offal to Singapore is forecasted to decline gradually from 2024 to 2028. In 2024, the value is expected to be 7.792 million kilograms, decreasing to 7.6046 million kilograms by 2028. This trend reflects a consistent year-on-year decline in imports with an overall reduction of around -2.40% over the five-year period. The specific year-on-year variations are as follows: -0.62% in 2025, -0.61% in 2026, -0.60% in 2027, and -0.59% in 2028. The compound annual growth rate (CAGR) over these five years is -0.60%.
In 2023, the actual import volume stood at 7.841 million kilograms. Comparing this to the forecasted volume for 2024, there is a projected decline of approximately -0.63%. Over the past two years, the import value has shown a steady downward trend, indicative of potential changes in demand, supply chain adjustments, or shifts in consumer preferences.
Future trends to watch for include potential changes in global trade policies, the impact of environmental and health regulations on meat imports, and shifting consumer preferences toward alternative protein sources. Additionally, monitoring the stability of supply chains and the economic conditions in exporting countries will be crucial for anticipating further changes in import volumes.
