The import of iron or steel tableware and kitchenware to Singapore has shown consistent growth from 2023 onwards. In 2023, the import value stood at $113.67 million. Forecasts for the subsequent years indicate a steady upward trend: 2024 ($116.54 million), 2025 ($119.52 million), 2026 ($122.43 million), 2027 ($125.29 million), and 2028 ($128.09 million).
Year-on-Year Variations:- 2023-2024: +2.53%- 2024-2025: +2.56%- 2025-2026: +2.43%- 2026-2027: +2.34%- 2027-2028: +2.23%
The CAGR over the last five years is projected to be approximately 2.43%. This continued growth signals a stable demand for imported iron or steel tableware and kitchenware in Singapore.
Future trends to watch for:- Potential shifts in consumer preferences toward sustainable or alternative materials.- Impact of global trade policies and tariffs on the import market.- Advances in manufacturing technology increasing supply and reducing costs.- Economic factors within Singapore influencing purchasing power and demand.