Singapore's import of prepared or preserved citrus fruits has shown notable fluctuations over the years, with significant growth observed in 2016 and more stable increases year-on-year thereafter. By 2023, the import value stood at 1109 thousand US dollars, reflecting an average annual growth rate of 1.93% over the last five years. The forecasted data from 2024 to 2028 suggests a steady growth trend, with a projected compound annual growth rate (CAGR) of 1.71%, resulting in an 8.85% overall increase by 2028.
Future trends to watch for include:
- Impact of changing consumer preferences towards healthier and natural food products
- Fluctuations in international trade agreements and tariffs
- Technological advancements in food preservation and packaging
- Potential supply chain disruptions due to geopolitical factors
