Based on the forecasted data, the export of Propene (Propylene) from Singapore is expected to show a gradual decline from 2024 to 2028. The export volume for 2024 stands at 34.849 million kilograms. By 2028, this is forecasted to decrease to 33.661 million kilograms. Comparing year-on-year values, the export volume is expected to decline by approximately 0.88% in 2025, 0.87% in 2026, 0.86% in 2027, and 0.85% in 2028. Analyzing the trends over the last five years, the Compound Annual Growth Rate (CAGR) shows an average annual decrease of 0.86%.
As we move forward, it is important to consider factors such as global economic conditions, regional demand for propene, shifts in production capacities, and technological advancements in the chemical industry. These factors could influence the actual export volumes, either mitigating or exacerbating the forecasted decline.
