The forecasted import values of copper plates, sheets, and strips to Singapore show a slight but consistent year-on-year decline from 2024 to 2028. Specifically, the forecasted import value for 2024 is 235.63 million USD, with a subsequent decrease to 233.37 million USD in 2025, 231.16 million USD in 2026, 228.99 million USD in 2027, and 226.86 million USD in 2028. Comparing the forecast figure for 2024 to the actual import value in 2023 suggests the beginning of this downward trend.
The year-on-year percentage variation shows a steady decline, reflecting a slight reduction in imports each year. Over the last two years, the trend has indicated a modest contraction, and the five-year CAGR underscores continuous but slow shrinkage in import values.
Future trends to watch for include potential shifts in global copper prices, changes in regional trade policies, advancements in copper-alternative technologies, and variations in domestic demand within Singapore. These factors could significantly impact the long-term import dynamics for copper products in the region.
