As of 2023, Singapore's import of wood fuel stood at an actual value of X thousand US dollars (note: specific 2023 value was not provided). The data from 2024 onwards reflects forecasted values. From 2024 to 2028, the forecasted import values show a steady increase, indicating an upward trend. Specifically, the import value is anticipated to grow from 323.51 thousand US dollars in 2024 to 374.48 thousand US dollars by 2028. Analyzing the year-on-year variation:
- 2024 to 2025: an increase of approximately 4.06%
- 2025 to 2026: an increase of approximately 3.83%
- 2026 to 2027: an increase of approximately 3.60%
- 2027 to 2028: an increase of approximately 3.41%
Over the last two years and on a longer-term basis, the CAGR (Compound Annual Growth Rate) from 2024 to 2028 is approximately 3.72% per year.
For future trends, it is crucial to monitor global wood fuel production, environmental policies, and technological advancements in renewable energy sources, as these factors can significantly impact the supply chain and cost dynamics of wood fuel imports in Singapore.