The import of acyclic alcohols and their derivatives to Singapore has seen significant fluctuations over the past decade. Starting at 864.54 million USD in 2013, the values peaked in 2014 and subsequently saw sharp declines, particularly in 2015 and 2016. This downward trend continued with some minor recoveries, such as in 2017 and 2021. As of 2023, actual imports stood at 467.86 million USD, reflecting a year-on-year decline of 1.88%. The forecast indicates a continuous decline, with an expected value of 420.91 million USD by 2028. The 5-year CAGR from 2023 to 2028 is predicted at -1.67%, indicating a diminishing trend.
Future trends to watch for:
- Changes in global supply chain dynamics affecting availability and prices.
- Shifts in Singapore's industrial demand for acyclic alcohols and their derivatives.
- Potential regulatory changes impacting import volumes.
- Developments in synthetic alternatives that may alter demand.
