The import of reactive dyes and preparations to Singapore has shown a generally upward trend from 2013 to 2023, increasing from $39.626 million to $93.691 million. Notable fluctuations occurred, such as a 40.07% increase in 2014, an 86.51% surge in 2017, and a 14.45% decline in 2020. Over the last two years, the import value rose by 2.65% in 2023, showing a slight increase from previous years.
From 2018 to 2023, the compound annual growth rate (CAGR) was 2.01%, indicating a steady yet modest growth. Forecast data suggests continued incremental increases, reaching $106.08 million by 2028, with a projected five-year CAGR of 2.01%.
Future trends to watch for include:
- Further stabilization in import values.
- Potential influence of global supply chain dynamics on import levels.
- Emerging market demands and technological innovations in dye chemistry.