Based on the data provided, the export of animal feed preparations from Singapore is forecasted to decrease from 89.278 million kilograms in 2024 to 85.892 million kilograms in 2028. The year-on-year variations are as follows: from 2024 to 2025, there is an expected decrease of approximately 0.98%; from 2025 to 2026, a decrease of approximately 0.97%; from 2026 to 2027, a decrease of approximately 0.96%; and from 2027 to 2028, a decrease of approximately 0.95%. This downward trend over the five-year period can be quantified by a compound annual growth rate (CAGR) reflecting a steady decrease.
Future trends to watch for:
- Changes in global demand for animal feed influenced by shifts in livestock production and agricultural practices.
- Impact of trade policies and tariffs affecting Singapore's export markets.
- Technological advancements in feed production that may enhance efficiency and reduce costs.
- Environmental regulations and sustainability trends that could alter production and export volumes.
