In 2023, the import of adhesives based on rubber or plastic to Singapore stood at 8.233 million kilograms. In 2024, we see a forecasted value of 8.3839 million kilograms, signifying a year-on-year increase of approximately 1.8%. For 2025, the volume is expected to rise to 8.5482 million kilograms, a 1.7% increase from the previous year. This upward trend continues yearly with subsequent increases: 1.9% in 2026, 1.8% in 2027, and 1.7% in 2028, bringing the forecasted import volume for 2028 to 9.0216 million kilograms.
Future trends to watch for include:
-Technological advancements in adhesive formulations that may affect import volumes.
-Potential fluctuations in global supply chains owing to geopolitical factors.
-Changes in local manufacturing capacities and their impact on import reliance.
-Evolving consumer preferences and industry requirements driving consistent demand growth.
