The import of Petroleum Gases and Other Gaseous Hydrocarbons to Singapore has shown fluctuating trends over the past decade. In 2023, the import value stood at approximately 6.008 billion USD. From 2013 to 2023, there was a significant decline in 2015 and 2016, followed by a recovery and stabilization period. Year-on-year variation over the last two years shows a modest growth of 3.47% in 2023. The last five-year CAGR is 2.17%, indicating a relatively stable growth trend.
Looking ahead, the forecast for the next five years suggests a steady increase in import values, with a projected CAGR of 2.54% and an overall growth rate of 13.35% by 2028. Future trends to watch for include geopolitical factors affecting global gas supply, technological advancements in gas extraction and transportation, and shifts in regional energy policies and demand.