The import of backed foil of refined copper to Singapore has demonstrated a moderate upward trend, reaching a value of $49.797 million in 2023. The past two years showed a consistent increase: 2.64% year-on-year in 2022 and 2.52% in 2023. Over the last five years, the compound annual growth rate (CAGR) stood at 2.29%, indicating a steady, albeit slow, growth.

Looking forward, the forecast suggests that the import value will continue to rise, achieving a value of $56.203 million by 2028. The forecasted average annual growth rate (CAGR) over this period is projected at 1.9%, signaling a continued but moderate increase.

Future trends to watch for include:

Technological advancements in the electronics and electrical industries driving demand for refined copper foil.
Global supply chain disruptions potentially impacting import volumes.
Economic policies and trade regulations affecting import/export activities and overall market dynamics.