The import of sawdust and wood waste and scrap to Singapore has shown a volatile trend over the years. Starting at 4.2557 million kilograms in 2013, it experienced significant fluctuations with a notable rise to 13.731 million kilograms in 2017 but witnessed major dips in subsequent years. In 2023, it stood at 8.2023 million kilograms.
Over the last two years, imports increased from 7.7239 million kilograms to 8.2023 million kilograms, with year-on-year growth rates of 3.13% and 2.97%, respectively. The compound annual growth rate (CAGR) over the last five years is 2.21%, indicating a relatively steady increase.
Looking ahead, the forecasted data suggests a steady growth pattern with a 5-year CAGR of 2.21%, reaching 9.4394 million kilograms by 2028. This steady forecasted growth highlights a stabilizing market with modest increases expected in the coming years.
Future trends to watch for include potential regulatory changes in the timber industry, advancements in recycling technologies, and shifts in global trade policies that could impact import volumes. Monitoring these factors will be essential for accurate market analysis and forecasting.