The import of cocoa paste to Singapore shows a steady year-on-year increase in the forecasted data from 2024 to 2028, with values rising from 71.669 million USD in 2024 to 78.387 million USD in 2028. This forecast suggests a consistent growth pattern, reflecting a positive trend in demand. The year-on-year variation indicates growth rates approximately in the range of 2.4% to 2.5%, which signifies a stable increase. The compound annual growth rate (CAGR) for this five-year period highlights an average yearly growth of around 2.4%.
In 2023, the import value stood at 70.021 million USD. Future trends to watch for include potential impacts of global cocoa production fluctuations, trade policies, and economic conditions that could affect import volumes and pricing. Additionally, emerging market strategies and health trends may influence future demand in Singapore’s market.
- 2024: $71.669 million USD
- 2025: $73.399 million USD
- 2026: $75.096 million USD
- 2027: $76.758 million USD
- 2028: $78.387 million USD
