The import volume of multiple-walled insulating units of glass to Singapore in 2023 was 1.4528 million kilograms. This represents a significant downtrend starting from a peak of 8.6124 million kilograms in 2013. Over recent years, there has been a noticeable year-on-year decline, with a sharp decrease of approximately 9.64% between 2022 and 2023. The compound annual growth rate (CAGR) for the last five years stands at -8.21%, indicating a consistent downward momentum.

Looking forward, the forecasted data suggests a continued decrease in imports, with the volume expected to reduce to 0.64354 million kilograms by 2028. The projected CAGR for 2024-2028 is -12.89%, equating to an overall reduction of about 49.83% over this period.

Future trends to watch for include:

The global demand for energy-efficient building materials which could affect the insulation glass market.
Innovations in insulating technologies which may shift market dynamics.
Changes in Singapore's building regulations or construction trends impacting the demand for insulation glass units.