The import of moulds for metals, plastic, and rubber to Singapore is forecasted to decline steadily from 2024 to 2028. In 2023, the value stood at $65 million USD. For 2024, it is projected to be $62.005 million USD, showing a year-on-year decline of approximately 4.60%. The trend continues in subsequent years with values declining to $58.924 million USD in 2025 (-5.03% from 2024), $55.905 million USD in 2026 (-5.12% from 2025), $52.947 million USD in 2027 (-5.29% from 2026), and finally, to $50.048 million USD in 2028 (-5.48% from 2027). The Compound Annual Growth Rate (CAGR) over the five years averages to a negative growth rate of 4.77%.
Future trends to watch for in this sector include technological advancements in mold manufacturing, the potential impact of trade policies, and shifts in global supply chains. Innovations in materials and design could affect the volume and types of molds imported. Additionally, local manufacturing capabilities evolving could shift the demand dynamics.
