The import of wired float glass in sheets to Singapore has demonstrated varied trends from 2013 to 2023. The initial period from 2013 to 2016 experienced significant volatility, with sharp declines and gradual recoveries. Post-2018, the imports witnessed considerable growth, maintaining steady increases.
By 2021, imports grew by 24.02%, and this trend continued into 2022, with a modest increase of 2.8%. The imports stood at 984.68 Thousand Kilograms by 2023, marking a 2.67% year-on-year increase from 2022. Over the last five years, the Compound Annual Growth Rate (CAGR) was 0.43%.
Future trends indicate a steady upward trajectory with a forecasted five-year CAGR of 2%, projecting a 10.42% growth by 2028. Key factors to monitor include global supply chain dynamics, technological advancements in glass manufacturing, and changes in local construction demand.
