Data Values (Million Kilograms):
- 2024: 3.2448
- 2025: 3.26
- 2026: 3.2749
- 2027: 3.2895
- 2028: 3.3038
Year-on-Year Variation (%):
- 2025: 0.47%
- 2026: 0.46%
- 2027: 0.45%
- 2028: 0.43%
CAGR (2024-2028): 0.45%
Future Trends
The steady increase in imports, with a CAGR of 0.45%, indicates a stable demand for cocoa butter, fat, and oil in Singapore. Future trends to watch include fluctuations in global cocoa production, changes in dietary preferences, and economic factors influencing the confectionery and food manufacturing sectors.
### Explanation: 1. **Year-on-Year Variation**: Calculated as ((Value at year X+1 - Value at year X) / Value at year X) * 100. 2. **CAGR**: Calculated based on the values over the specified 5 years.