In 2023, the import value of pigments for paint, stamping foils, and dyes to Singapore stood at 19.282 million USD. The year-on-year variation for 2022 was 1.54%, showing a slight rebound. However, 2023 saw a decrease of -3.6%. The five-year CAGR leading up to 2023 was -2.1%, indicating a consistent decline in import values over this period.
Looking forward, the forecast reveals a continued downward trend with a projected five-year CAGR of -3.44%, equating to a total decrease of -16.04% by 2028. This pattern suggests a persistent reduction in import volumes and values.
Future trends to watch for include potential shifts in global supply chains, technological advancements in production, and any regulatory changes impacting the import of these materials. Market dynamics within Singapore or its trading partners could also influence these future projections.