The import of mineral and aerated waters to Singapore is forecasted to increase from 308.03 million USD in 2024 to 343.84 million USD in 2028. This forecast follows a steady growth trend seen over the past few years.
The values for 2024 and onward represent projected data, whereas historical actual values for preceding years end in 2023. Compared to 2023, the year-on-year variation for 2024 indicates a clear upward trajectory.
Analyzing year-on-year data, the growth rate shows an increase of around 3% annually between 2024 and 2028. The average annual growth rate (CAGR) over these five years illustrates a consistent demand and positive market sentiment towards mineral and aerated waters in Singapore.
Future trends to watch for include changes in consumer preferences towards health-conscious beverages, potential regulatory adjustments, and economic factors that may affect purchasing power and importation costs. Markets should closely monitor these aspects to anticipate and adapt to shifts in the import landscape for mineral and aerated waters in Singapore.