The import of Peaches and Nectarines to Singapore is forecasted to see a positive growth trajectory from 2024 to 2028. In 2023, the import volume stood at 5.106 million kilograms. By the year 2024, the forecasted import volume is 5.2698 million kilograms, marking a 3.2% increase from the previous year.
Year-on-year variations from 2024 to 2028 indicate a consistent growth:
- 2024 to 2025: 3.1%
- 2025 to 2026: 3.0%
- 2026 to 2027: 2.8%
- 2027 to 2028: 2.7%
The Compound Annual Growth Rate (CAGR) from 2023 to 2028 is approximately 3.0%, indicating steady expansion in the import of Peaches and Nectarines.
Looking forward, factors such as changing consumer preferences towards healthier eating habits and the increasing demand for fresh fruits could significantly influence import volumes. Price volatility and trade policies may also impact the market dynamics. Monitoring these trends will be crucial for making informed decisions.
