Forecast: Non-Metallic Minerals Consumption in Singapore

In 2023, Singapore's consumption of non-metallic minerals stood at a baseline figure. Forecast data indicates a steady, yet minimal increase in consumption from 90.06 in 2024 to 90.14 in 2028. The year-on-year variation is marginal, reflecting a consistent growth pattern with annual increments of approximately 0.02 units. For the period from 2024 to 2028, the compound annual growth rate (CAGR) remains extremely low, underlining a stable market with minimal fluctuations.

Future trends to watch for include:

  • Technological advancements in construction and manufacturing that might impact non-metallic mineral demand.
  • Environmental regulations influencing the production and consumption patterns.
  • Changes in urban development and infrastructure projects in Singapore.
  • Global supply chain dynamics and trade policies affecting import levels.