The import of fish fillets and other fish meat to Singapore has shown consistent growth over the past decade, rising from $82.809 million in 2013 to $153.91 million in 2023. This includes fluctuations such as a notable dip in 2020, followed by a significant recovery in subsequent years. The year-on-year growth rates varied, with 2021 showing a substantial rise of 20%, while 2020 experienced a significant decline of 12.69%. The Compound Annual Growth Rate (CAGR) over the last five years, as of 2023, is 4.28%. Forecasts predict continued growth, with imports expected to reach $186.2 million by 2028, reflecting a forecasted five-year CAGR of 3.04%.

Future trends to watch for:

Increased demand due to population growth and rising incomes in Singapore.
Potential supply chain disruptions impacting import volumes.
Global economic factors influencing prices and availability.
Technological advancements in aquaculture possibly reducing reliance on imports.
Shifts in consumer preferences towards sustainable and ethically sourced fish products.