The import of pigments, opacifiers, and colors for ceramics or glass to Singapore shows a decreasing trend from 2024 to 2028. The volume declines each year, starting at 553.0 thousand kilograms in 2024 and forecasted to drop to 493.48 thousand kilograms by 2028.
Over a longer period, the year-on-year variations indicate a steady decline:
- From 2024 to 2025: -2.78%
- From 2025 to 2026: -2.80%
- From 2026 to 2027: -2.81%
- From 2027 to 2028: -2.85%
The Compounded Annual Growth Rate (CAGR) from 2024 to 2028 averages to an annual decline of approximately -2.81%.
In the future, it will be important to monitor economic factors that might influence import demand, technological advancements in the ceramics and glass industry, and shifts in consumer preferences that could alter the trend. Changes in trade policies and the development of local production capabilities might also significantly impact import volumes.