The import of inner tubes of rubber for bicycles to Singapore is forecasted to decline between 2024 and 2028. The values for the respective years are 45.93, 42.48, 39.1, 35.78, and 32.54 thousand kilograms. This indicates a consistent year-on-year decrease. Compared to the actual data from 2023, these figures show a downward trend in volume.
Year-on-year variations show a decreasing trend:
- 2024 to 2025: -7.5%
- 2025 to 2026: -8%
- 2026 to 2027: -8.5%
- 2027 to 2028: -9%
The CAGR over the forecasted period from 2024 to 2028 is approximately -8.25%.
Future trends to watch for include potential factors like changes in consumer demand for bicycles, shifts toward other forms of transportation, and potential advancements in tire technology which might affect the import demand for inner tubes of rubber.
