The import of producer, water, and acetylene gas generators to Singapore has seen notable fluctuations over the period from 2013 to 2023. The year-on-year variation data highlights significant declines in particular years, such as the 55.54% drop in 2013 and the 71.13% decline in 2017. Conversely, there were also sharp increases, like the 96.74% rise in 2015 and the 147.3% surge in 2018. The most recent actual data for 2023 shows the imports stood at 20.781 million US dollars, reflecting a -6.86% variation from the previous year. The compound annual growth rate (CAGR) over the last five years is -8.32%, indicating a downward trend overall.
Future trends to watch for include the continued decline forecasted over the next five years, with a projected CAGR of -7.72% and a forecasted growth rate of -33.08% by 2028. Key factors to monitor would be technological advancements, changes in industrial demand, and any potential economic policies that could impact import volumes.
