In 2023, the import volume of prepared or preserved fish to Singapore stood at 22.685 million kilograms. From 2024 to 2028, the forecasted data indicate a steady increase in import volumes, reaching 23.473 million kilograms by 2028. The year-on-year growth percentages suggest a gradual rise with minor variations, reflecting a consistent upward trend. Over the last two years, the growth rate has been moderate, suggesting a stable demand.
The Compound Annual Growth Rate (CAGR) over the next five years is expected to show a modest but steady increase, indicating an average yearly growth.
Future trends to watch for include potential shifts in consumer preferences, changes in trade policies, and fluctuations in global fish markets, which could affect import volumes. Monitoring technological advancements in preservation methods and sustainable fishing practices will also be crucial.
