In 2023, the import volume of aircraft parts to Singapore stood at 14.8 million kilograms. The forecast for 2024 indicates a 2.85% increase to 15.223 million kilograms. This upward trend is expected to continue, with the import volume reaching 17.089 million kilograms by 2028, reflecting an approximate compound annual growth rate (CAGR) of 3.8% over the five-year period. Year-on-year growth rates are estimated to be 3.16% for 2025, 3.00% for 2026, 2.85% for 2027, and 2.72% for 2028 from their respective previous years.
Future trends to watch for:
- Technological advancements in aircraft manufacturing and maintenance may drive higher demand for sophisticated parts.
- Policies and trade agreements affecting global supply chains could impact import volumes and patterns.
- Sustainability trends could influence the types and volumes of aircraft parts imported.
