The forecasted data for the import of furniture parts to Singapore from 2024 to 2028 shows a consistent decline in volume, expressed in million kilograms. Starting at 13.413 million kilograms in 2024, it decreases annually, reaching 11.989 million kilograms by 2028. This represents a year-on-year decline ranging from -2.7% to -2.8% over the forecast period, indicating a negative compound annual growth rate (CAGR) over these five years. This trend suggests a decreasing demand or a shift towards local production or alternative sources for furniture parts in Singapore.
Future trends to watch include the potential impact of global trade policies, advancements in manufacturing technologies within Singapore that could further reduce reliance on imports, and the effects of environmental sustainability measures on the sourcing of furniture parts. Monitoring these factors will be crucial for stakeholders in the furniture manufacturing and import sectors.