Based on the data provided, the import value of roses to Singapore showed a steady increase from 2024 to 2028, with 2023 as the base year. The values for 2023 need to be considered to calculate the annual variations and the CAGR (Compound Annual Growth Rate) over the past five years. From 2024 to 2028, the import value of roses is forecasted to rise from $160.33K to $177.66K thousand US dollars. The compound annual growth rate (CAGR) over this period reveals an average growth rate per year that highlights a positive upward trend.
Between 2024 and 2025, the import value is projected to have a year-on-year increase of approximately 2.79%. From 2025 to 2026, it is 2.66%, from 2026 to 2027 it is 2.53%, and from 2027 to 2028, it is 2.42%. These variations indicate a consistent and moderate growth trajectory in the value of rose imports.
Future trends to watch for include potential impacts from changes in trade regulations, economic conditions that affect disposable income, and preferences for local production versus imports. Additionally, environmental factors and sustainability concerns may drive shifts towards more eco-friendly sourcing and pricing models for imported flowers.
