In 2023, Singapore's export of rubber and plastic products to Japan stood at 145.60 million USD. The forecasted data for 2024 indicates a value of 145.94 million USD, leading to a slight year-on-year increase of 0.23%. Following this, the export values are anticipated to grow steadily at 0.27% in 2025, 0.27% in 2026, 0.26% in 2027, and 0.27% in 2028. Over the 5-year period, the compound annual growth rate (CAGR) is projected to be around 0.26%.
Future Trends to Watch For:
- Potential shifts in Japan's demand for eco-friendly rubber and plastic products.
- Regulatory changes in both Singapore and Japan that may impact trade policies or standards.
- Innovations and diversification within Singapore's rubber and plastic manufacturing sector.
- Fluctuations in global raw material prices and their effect on production costs.
