According to the forecasted data, the import volume of preparations and charges for fire-extinguishers to Singapore is expected to gradually decline from 2024 through 2028. In 2024, the volume is projected to be 1.7115 million kilograms, decreasing year-on-year to 1.6949 million kilograms in 2025, 1.6787 million kilograms in 2026, 1.6628 million kilograms in 2027, and 1.6472 million kilograms in 2028. This reflects a consistent annual decline of approximately 0.93% over the five-year period.
Comparing the figures to 2023, we observe a downward trend, signaling reduced demand or improved domestic production capabilities.
Future trends to watch for:
- Advances in domestic fire-extinguisher manufacturing and self-sufficiency.
- Potential policy changes affecting import tariffs and regulations.
- Innovations in fire safety technology reducing the volume of imports needed.
- Global supply chain disruptions impacting import volumes.
