The import of roses to Singapore has shown fluctuating trends over the past decade. In 2023, the import value stood at 73.51 thousand, reflecting a year-on-year increase of 1.94%. The compound annual growth rate (CAGR) over the last five years is 3.95%, indicating a moderate but steady increase. From 2013 to 2017, the market experienced significant volatility, with notable dips in 2016 and 2018. However, from 2019 onward, the data suggests a more stable trend with annual growth rates hovering around 2%.
For future trends, the forecasts indicate a continued steady growth with a five-year CAGR of 1.36% and a cumulative growth rate of 6.97% by 2028. Key factors to watch include consumer demand fluctuations, potential trade policy changes, and the impact of economic conditions on discretionary spending.
