The import of domestic vacuum cleaners to Singapore saw a notable decline from 2024 through 2028. Starting at 574.47 thousand units in 2024, the volume of imports is expected to decrease steadily to 555.2 thousand units by 2028. In comparison to 2023, these figures represent a downward trend.
The year-on-year percentage variation for 2024 shows a slight dip from 2023. The trend continues with a moderate decline in 2025, 2026, 2027, and 2028, indicating a consistent drop in import volumes. Over the last two years, we observe a gradual reduction in import levels.
The Compound Annual Growth Rate (CAGR) for the period 2024 to 2028 highlights an average decline per year, underscoring a long-term decreasing trend.
Future trends to watch for include shifts in consumer preferences towards more advanced or sustainable vacuum cleaner models, potential increases in local manufacturing capabilities, and changing trade policies that could impact import levels. Keeping an eye on technological advancements and economic conditions will be crucial for anticipating further changes in import patterns.
