In 2023, the import value of pigments, opacifiers, and colors for ceramics or glass to Singapore stood at $13.748 million, reflecting a low year-on-year variation of 3.9% compared to 2022. Since 2013, the trend has shown moderate fluctuations, with notable highs in 2018 and a steady increase post-2020.
Over the past two years, the market has experienced consistent positive growth with a cumulative increase of around 13.5%. The five-year compound annual growth rate (CAGR) to 2023 is relatively modest at 0.79%.
- 2013: -19.69% YoY, 9.36% CAGR since 2012
- 2014: 7.27% YoY, 19.19% CAGR since 2013
- 2015: -8.5% YoY, 5.08% CAGR since 2014
- 2016: 3.42% YoY, 2.7% CAGR since 2015
- 2017: 25.37% YoY, 0.44% CAGR since 2016
- 2018: 106.06% YoY, 21.27% CAGR since 2017
- 2019: -12.09% YoY, 16.53% CAGR since 2018
- 2020: -13.09% YoY, 15.34% CAGR since 2019
- 2021: 19.51% YoY, 18.73% CAGR since 2020
- 2022: 9.62% YoY, 15.58% CAGR since 2021
- 2023: 3.9% YoY, 0.79% CAGR since 2022
- 2028 (forecast): 2.83% 5-year CAGR, 14.96% 5-year growth rate
Future trends to watch include potential fluctuations in global supply chains that could impact import values, technological advancements in ceramic and glass production that may alter demand, and economic policies that may affect international trade.