In 2023, the import of Propylene Glycol (Propane-1,2-Diol) to Singapore stood at 62.5 million US dollars. Forecasted data indicates a gradual decline in the import value from 2024 to 2028, beginning with 59.155 million US dollars in 2024 and decreasing to 54.477 million US dollars by 2028. The year-on-year percentage change over the last two years shows a decreasing trend: -3.42% in 2024, -2.04% in 2025, -2.04% in 2026, -2.04% in 2027, and -2.04% in 2028. The compound annual growth rate (CAGR) over the next five years is expected to be approximately -2.77%.
Future trends to watch for include potential changes in the global supply chain, new regulatory policies affecting imports, and advancements in synthetic alternatives that might further impact Singapore's demand for Propylene Glycol. Monitoring market signals closely can help in making more accurate forecasts and strategic adjustments.
