Forecast: Import of Frozen Swine Carcasses and Half Carcasses to Singapore

The import of Frozen Swine Carcasses and Half Carcasses to Singapore has experienced varied trends over the past decade. In 2023, the import volume stood at 1.9864 million kilograms. Analyzing the year-on-year variations, 2022 saw a modest increase of 2.07% over 2021, which itself had a 2.15% growth compared to 2020. The compound annual growth rate (CAGR) from 2018 to 2023 was 1.58%, indicating a steady increase over the last five years. The forecast for 2024-2028 suggests a continuation of this upward trend, with a predicted growth rate of 8.17%, reflecting moderate but consistent growth.

Future trends to watch for include shifts in global supply chains, potential trade agreements, and economic factors that could impact import volumes. Additionally, changes in consumer preferences and advancements in alternative protein sources may influence future demand for frozen swine carcasses.

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