Forecast: In-Shell Hen Egg Production in Singapore

The historical data for in-shell hen egg production in Singapore reveals fluctuations from 2013 to 2023, with production starting at 26.27 thousand metric tons in 2013 and reaching 29.88 thousand metric tons in 2023. Notable year-on-year variations include a significant increase of 15.31% in 2017, followed by successive declines and moderate increases in subsequent years. The compound annual growth rate (CAGR) over the past five years stands at a modest 0.39%, indicating relatively stable but slow growth.

Looking ahead from 2024 to 2028, the forecast predicts continuous incremental growth in egg production, with an expected rise from 30.29 thousand metric tons in 2024 to 31.84 thousand metric tons by 2028. The forecasted 5-year CAGR is projected to stabilize at 1%, with an overall five-year growth rate of 5.1%.

Future trends to watch for include potential changes in consumer demand, advancements in poultry farming technology, and shifts in import-export policies. Keeping an eye on these factors will be crucial for accurately predicting future production trends and addressing any supply chain challenges.