The import volume of saw blades, including stone cutting, to Singapore stood at 367.17 thousand kilograms in 2023. Over the past decade, the figures showed substantial fluctuations, with notable spikes and drops. From 2013 to 2015, there was a steady increase, reaching 563.98 thousand kilograms in 2015. A sharp decline was observed in 2017, followed by a gradual recovery until 2021. There were slight decreases again from 2022 to 2023. The year-on-year variation from 2022 to 2023 was -1.91%, mirroring the previous year's performance. The CAGR over the last five years reveals a decreasing trend, sitting at -1.99%.
Looking forward, the forecast from 2024 to 2028 indicates a continual decline in import volume, with the CAGR projected at -1.7%, and a total decrease of 8.19% over this period. Future trends to watch for include potential shifts in local demand for saw blades, changes in construction activity, advancements in cutting technology, and possible impacts of trade policies that could either mitigate or exacerbate the current downward trend.