The import value of glass fibres, glass wool, and articles thereof to Singapore has demonstrated overall growth with fluctuations. Particularly, the years from 2013 to 2023 saw significant variations, with notable peaks in 2018 and consistent increases toward the end of the period. In 2023, imports stood at $47.778 million, reflecting a mild growth rate of 1.59% compared to the previous year. The compound annual growth rate (CAGR) over the last 5 years stands at approximately 0.012%.
Future trends to watch for include potential growth driven by advancements in construction and technology sectors that increasingly rely on glass fibre materials. Additionally, changes in global trade policies, economic shifts, and technological innovations in manufacturing could significantly impact import volumes and values.
