Forecast: Import of Fish, Crustaceans, Molluscs and Aquatic Invertebrates to Singapore

From 2013 to 2023, Singapore's imports of Fish, Crustaceans, Molluscs, and Aquatic Invertebrates showed volatility with periodic growth and declines. In 2023, it stood at USD 893.81 million, reflecting a 2.61% increase from the previous year. Between 2019 and 2023, the CAGR was 3.75%, indicating moderate annual growth despite fluctuations.

Forecasted data from 2024 to 2028 projects a steady increase, with imports potentially reaching USD 1010.0 million by 2028. The forecasted 5-year CAGR is 1.98%, showing a relatively stable growth trajectory, with an overall growth rate of 10.29% over the period.

Future trends to watch for include:

  • Impact of global fishery regulations and sustainability efforts on supply chains.
  • Economic and geopolitical factors affecting trade relations with key exporting countries.
  • Technological advances in aquaculture and seafood processing.

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