The import of domestic appliances incorporating electric motors to Singapore saw fluctuations over the past decade. Starting from an upward trend in 2013 and 2014, the market experienced a significant drop in 2015, followed by moderate recovery and another peak in 2017. Over the last two years, the import value increased slightly, standing at 147.52 million USD in 2023. Over the last five years, the CAGR averaged 4.32%, indicating a steady but modest growth.

Future trends to watch for include:

The forecast predicts an annual growth rate of 1.37%, suggesting a stable increase in the import values.
Technological advancements in domestic appliances may drive up demand.
Market dynamics due to changes in consumer preferences and economic conditions could impact import values.