Importation of domestic poultry meat to Singapore decreased between 2013 and 2020, reaching a low in 2017. From 2021 onward, the trend reversed, with a steady increase forecasted until 2028. This upward trend is more moderate than past fluctuations.
In 2023, the import value stood at $263.24 million USD. Year-on-year growth was 1.22% in 2023, following a 1.26% growth in 2022.
Future trends to watch include:
- Stabilization in import growth with an anticipated 5-year CAGR of 0.96%.
- Potential impacts of alternative meat products influencing import dynamics.
- Trade policy changes affecting supply chains.
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