Singapore's dried fruit exports have seen fluctuating trends over the past decade. Between 2013 and 2014, there was a significant increase of 32.46%, reaching a high of 3.3478 million USD. However, this was followed by a decline, with year-on-year drops, except for minor increments in 2019 and 2021. In 2023, the export value stood at 1.9591 million USD, marking a decline of 1.73% compared to the previous year. Moreover, the 5-year Compound Annual Growth Rate (CAGR) from 2019 to 2023 was -1.27%. Forecasts predict a continued downward trend, with the export value anticipated to fall to 1.7794 million USD by 2028, marking a 5-year CAGR of -1.52%.
Future trends to watch include potential changes in global dried fruit demand, trade policy shifts, and economic conditions. It will also be important to monitor technological advancements in food processing and preservation that could influence the quality and competitiveness of Singapore's dried fruit exports.
