The import of prepared or preserved fish to Singapore showed variability over recent years. The value in 2023 stood at $72.549 million. Although the period from 2013 to 2023 experienced fluctuating year-on-year variations, the overall trend for the last five years ending in 2023 showed an average CAGR of 0.68%. Future forecasts indicate a gradual increase, with imports expected to reach $74.938 million by 2028, reflecting a forecasted 5-year CAGR of 0.51% and an overall growth rate of 2.58%.
Future trends to watch for include:
- Changes in consumer preferences and demand for preserved fish products.
- Impact of trade policies and tariffs on import volumes and values.
- Innovations in packaging and preservation methods enhancing product shelf life.
- Global fish stock levels and the sustainability of fishery practices.
