From 2013 to 2023, Singapore's import of cocoa and cocoa preparations displayed notable fluctuations. The value peaked in 2014 with a significant 24.6% year-on-year increase, then gradually declined until 2017. Thereafter, a recovery trend began with steady, albeit moderate, growth. By 2023, the import value stood at 610.32 million USD, reflecting a 1.68% rise from 2022. Notably, the 5-year compound annual growth rate (CAGR) from 2018 to 2023 was 1.61%, indicating a modest, stable increase. Future forecasts predict a continued gradual rise with a projected 5-year CAGR of 1.19%, potentially reaching 657.9 million USD by 2028.

Future trends to watch for:

The potential impacts of global supply chain disruptions and geopolitical factors on import volumes.
Shifts in consumer preferences towards healthier and sustainable cocoa products could drive import diversification.
Economic conditions and trade policies influencing trade balance and import capacities.