The import of basic dyes and preparations based thereon to Singapore has shown fluctuations over the past decade. After a high peak in 2016 with a value of $4.14 million, imports decreased significantly in 2017, followed by some variability in subsequent years. In 2023, the value stood at $2.7992 million. The year-on-year variations between 2022 and 2023 indicated a slight growth of 0.87%, while the last 5-year CAGR was relatively low at 2.87%.
Looking ahead, the forecasted data shows a slow but steady increase in imports, with a forecasted CAGR of 0.71% from 2024 to 2028. By 2028, the value is anticipated to reach $2.9178 million. Future trends to watch for include advancements in dye technology, shifts in global trade policies, and potential changes in local manufacturing demand which may influence import dynamics.
