The forecast for the import of hair preparations to Singapore from 2024 to 2028 indicates a steady growth. The import values rise from $164.48 million in 2024 to $178.48 million in 2028. Comparing year-on-year variations: an approximately 2.2% increase from 2024 to 2025, 2.1% from 2025 to 2026, 2.0% from 2026 to 2027, and 1.9% from 2027 to 2028. Given these projections, the Compound Annual Growth Rate (CAGR) over this five-year period is around 2.05%. In 2023, the import value stood at $161.00 million.
Future trends to watch for include the influence of consumer preferences shifting toward natural and organic hair products, the potential impact of economic factors on disposable income, and advancements in hair care technology. Additionally, monitor market dynamics such as competition among suppliers and trade agreements that could affect import costs and volumes.
