Forecast: Import of Compressors for Refrigerating Equipment to Singapore

Forecasted import values (in Million Kilograms) for the specified years are as follows: 2024: 9.8238, 2025: 9.6731, 2026: 9.5254, 2027: 9.3807, 2028: 9.2389. Year-on-year percentage variations are:

  • 2024-2025: -1.53%
  • 2025-2026: -1.53%
  • 2026-2027: -1.52%
  • 2027-2028: -1.51%

The average CAGR over the five-year period (2024-2028) is approximately -1.52%.

In the future, it is essential to monitor technological advancements in refrigeration, changes in environmental regulations, and shifts in demand driven by rising temperatures and economic growth in the region.

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