In 2023, Singapore's import of hydrogen, rare gases, and non-metals stood at $336 million. The forecasted data for 2024 through 2028 shows a consistent upward trend. The year-on-year variations are as follows:
- 2024: +2.93%
- 2025: +2.99%
- 2026: +2.84%
- 2027: +2.70%
- 2028: +2.58%
The Compound Annual Growth Rate (CAGR) over this five-year period is 2.81%.
This consistent growth reflects a stable increase in demand for these materials. Future trends to watch for include technological advancements in hydrogen production, increased global demand for rare gases in electronics and healthcare, and potential shifts in non-metal markets due to sustainability efforts.
