Based on the provided data, here are the year-on-year variations expressed in percentages:
- 2024: $124.66 Million
- 2025: $127.83 Million (+2.54%)
- 2026: $130.94 Million (+2.43%)
- 2027: $133.98 Million (+2.32%)
- 2028: $136.97 Million (+2.23%)
The Compound Annual Growth Rate (CAGR) over the forecasted period from 2024 to 2028 is approximately 2.38% per year, indicating a steady increase in the import of parts of electrical capacitors to Singapore.
Future Trends to Watch
Looking ahead, growth in Singapore's electronics manufacturing sector and advances in technology are expected to drive continued increases in the import of electrical capacitor parts. Strategic developments in regional trade agreements and supply chain optimizations will also play a pivotal role in influencing future trends.