The forecasted import volumes of unwrought copper alloys to Singapore from 2024 to 2028 show a consistent decline. The year-on-year percentage variation indicates a downward trend, starting from 2024’s 991.87 thousand kilograms and decreasing each subsequent year, with the values being 872.91 in 2025, 756.34 in 2026, 642.09 in 2027, and 530.13 by 2028.
The year-on-year variation, analyzing trends over the last two years, shows a decrease of 12% from 2024 to 2025, and a further 13% from 2025 to 2026. As we move towards 2027 and 2028, the decline continues at approximately 15% and 17% respectively. This results in an average Annual Growth Rate (CAGR) of approximately -14% over the five-year period, highlighting a significant and consistent reduction in import volumes.
Future trends to watch for include potential shifts in demand for copper alloys, changes in domestic production capabilities, and fluctuations in global copper markets. Economic factors and industrial growth within Singapore could also influence these import volumes significantly.
