In 2023, the import value of oranges to Singapore stood at approximately 43.8 million USD. Forecasted data from 2024 to 2028 indicates steady growth in import values, starting at 44.017 million USD in 2024 and increasing annually to reach 44.919 million USD by 2028. Year-on-year variations are relatively minor, with increases of approximately 0.5% to 0.6% each year. The compound annual growth rate (CAGR) over the five-year period from 2024 to 2028 is approximately 0.5%.
Future trends to watch for include:
- Fluctuations in global orange production due to climate change or other environmental factors.
- Changes in consumer preferences towards other fruits or organic products.
- Shifts in trade policies or tariffs that could affect import costs.