Over the past decade, the import of manganese oxides other than manganese dioxide to Singapore has shown a fluctuating trend. The value in 2023 stood at 0.34224 million US dollars. From 2013 to 2017, there were significant year-on-year declines, with notable exceptions in 2016 and 2018 when imports increased. The imports generally declined from 2018 onwards, with occasional slight upticks in 2021 and 2022.
Analyzing the last two years, there was a year-on-year decrease of 9.28% in 2023 and 8.65% in 2022, indicating a downward trend. The last five years show an average annual decrease of 10.04% (CAGR), reflecting a consistent decline.
Looking forward, the forecast shows a continued reduction in import values, with 2024's value projected to be 0.30381 million US dollars. This downward trend is expected to continue, with a forecasted 5-year CAGR of -12.1%, culminating in a value of 0.15939 million US dollars by 2028, marking a 47.53% decline over five years.
Future trends to watch for include potential shifts in global supply chains, changes in industrial demand for manganese oxides, and the influence of policy changes both domestically and internationally on trade practices. Monitoring these factors will be crucial for stakeholders.
