The import of railway, tramway locomotives, and rolling stock to Singapore stood at 324.50 million USD in 2023. The forecasted values for subsequent years are as follows: 335.79 million USD in 2024, 347.58 million USD in 2025, 359.14 million USD in 2026, 370.47 million USD in 2027, and 381.57 million USD in 2028.
Year-on-year variations in percentage indicate a stable and steady increase over the periods:
- 2024: 3.48%
- 2025: 3.51%
- 2026: 3.33%
- 2027: 3.16%
- 2028: 3.00%
The compound annual growth rate (CAGR) over these five years is predicted to be approximately 3.29%.
Future trends to watch for include developments in green transportation solutions and technological advancements in rolling stock. Additionally, infrastructural expansions and renovation projects in the region may further propel the demand for imports in this sector.
