In 2023, Singapore's import of nitrogen stood at 74.310 million kilograms. The forecasted data shows a steady increase in nitrogen imports from 2024 to 2028, progressing from 76.639 million kilograms in 2024 to 86.216 million kilograms in 2028. Year-on-year, there is a consistent growth pattern: 3.22% in 2025, 3.06% in 2026, 2.91% in 2027, and 2.77% in 2028. This showcases an average annual growth rate (CAGR) of approximately 3.00% over the five years.
Future trends to watch for include:
- Potential shifts in global nitrogen supply chains affecting import costs.
- Environmental regulations influencing nitrogen usage and import volumes.
- Technological advancements in nitrogen production and usage within Singapore reducing the need for imports.