Based on the forecasted data, the import of unwrought aluminium to Singapore shows a significant downward trend from 2024 to 2028, starting at 63.314 Million US Dollars in 2024 and plummeting to 6.2741 Million US Dollars by 2028. Compared to the import value in 2023, the 2024 forecast represents a visible decline. Over a two-year period, this manifests as a year-on-year decline, accelerating more steeply in subsequent years. From 2023 to 2028, the compound annual growth rate (CAGR) reflects a pronounced reduction in imports.
Future trends to watch for include potential shifts in global aluminium supply chains, localized production increases, and advancements in recycling technologies. Monitoring international trade policies and economic conditions that could affect aluminium demand and pricing will also be crucial in forecasting longer-term import dynamics for Singapore.
