Exports of glass and glassware from Singapore stood at 269.22 million USD in 2023, with a year-on-year decrease of 1.18%. Over the last two years, exports saw mixed results, experiencing a 1.18% decline in 2022 and 2023. The compound annual growth rate (CAGR) over the last five years showed an average annual decline of 1.93%, signaling a negative long-term trend. Forecasts for the next five years predict a further contraction at a CAGR of 1.02%, pointing to a steady but slight decline, culminating in a total decrease of approximately 4.98% by 2028.
Future trends to watch for include potential shifts in global demand for glass and glassware as markets react to economic and technological changes. Monitoring trade policies and sustainability trends will also be crucial as they could significantly impact export dynamics.
