The import of ceramic, glass pigments, opacifiers, colours, and enamels to Singapore has experienced notable fluctuations over the past decade. From a value of $12.077 million in 2013, the import value surged to $33.126 million by 2016 before stabilizing around $30 million in recent years. It stood at $31.455 million in 2023. Year-on-year variations highlight periods of both significant growth, such as the 124.47% increase in 2016, and decline, like the 14.62% drop in 2020. The CAGR over the last five years showed a moderate ascent of 1.9%, indicating a generally positive yet modest growth trend expected through 2028.
Future trends to watch for:
- Technological advancements influencing production and application of pigments and enamels.
- Shifts in global trade policies impacting import dynamics.
- Emerging sustainability concerns driving demand for eco-friendly and durable materials.