Forecast: Food Gross Production in Singapore

Based on the provided data, Singapore's food gross production value is projected to steadily decline from 51.0 million USD PPP in 2024 to 48.42 million USD PPP in 2028. The year-on-year percentage changes show a consistent negative trend: from 2024 to 2025 (-1.27%), 2025 to 2026 (-1.29%), 2026 to 2027 (-1.29%), and 2027 to 2028 (-1.30%). The Compound Annual Growth Rate (CAGR) over the five-year period reflects a gradual decrease of approximately -1.29% per year.

Future trends to watch for include:

  • Technological advancements in sustainable agriculture and urban farming.
  • Government policies and incentives aimed at boosting local food production.
  • Impact of climate change on production yields and crop viability.
  • Global economic fluctuations influencing food prices and production costs.
  • Increasing consumer demand for locally-sourced, organic, and healthier food options.

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