In 2023, the import value of fresh foliage and branches for bouquets to Singapore stood at 7.096 million USD. The forecasted data indicates a gradual year-on-year decline: 2024 at 7.0055 million USD, 2025 at 6.9156 million USD, 2026 at 6.8275 million USD, 2027 at 6.7411 million USD, and 2028 at 6.6565 million USD.
The year-on-year variations are as follows:
- 2025: -1.28%
- 2026: -1.27%
- 2027: -1.27%
- 2028: -1.26%
The CAGR over the five-year period from 2024 to 2028 is approximately -1.24%
Future trends to watch for include potential shifts in consumer preferences towards artificial or locally grown alternatives, which could further impact the import volumes. Additionally, changing trade policies and tariffs may further influence these projections.
