In 2023, the import of mould bases to Singapore stood at 10.84 million USD. The forecasted data suggests a slight decline in the value of imports over the next five years. In 2024, the forecasted value is expected to be 10.71 million USD, decreasing to 10.22 million USD by 2028. Year-on-year variations indicate a gradual decline, with a 1.18% decrease in 2024, a 1.18% decrease in 2025, a 1.17% decrease in 2026, and a 1.15% decrease in 2027. The CAGR over the last five years is estimated to be around -1.16%.
Future trends to watch for:
- Potential changes in global trade policies that could impact import costs.
- Technological advancements in manufacturing which might reduce the reliance on imported mould bases.
- Economic conditions in Singapore and major trade partners that could influence demand for mould bases.
- Industry-specific shifts that may affect the volume and value of imports.
