Import of Methyloxirane (Propylene Oxide) to Singapore has shown significant fluctuations from 2013 to 2023, with volumes recorded in million kilograms. In 2023, the import volume stood at 54.954 million kilograms. The year-on-year variation in import volumes has been erratic, characterized by both significant increases and decreases. The most notable changes include a 90.56% increase in 2014 and a 13.25% decrease in 2020.
In recent years, the trend stabilizes with smaller year-on-year variations: a 3.98% increase in 2022 and a 3.75% rise in 2023. The compound annual growth rate (CAGR) over the last five years stands at 3.43%, indicating modest but steady growth.
Future forecasts predict continued growth in import volumes, with a forecasted 5-year CAGR of 2.72% and overall forecasted growth of 14.35% over the same period. This suggests a stable yet gradual increase in demand for Methyloxirane (Propylene Oxide) in Singapore.
Future trends to watch for include:
- Potential policy changes affecting chemical imports.
- Fluctuations in global Methyloxirane production and supply chain dynamics.
- Emerging substitutes or changes in industrial demand affecting future import volumes.
