Based on the forecasted data, the import of crude coconut (copra) oil to Singapore stands at 6.4526 million USD for 2024. The values for subsequent years show a slight declining trend, reaching 6.22 million USD by 2028. Comparing this to the actual figure in 2023, which was not provided, the year-on-year variation indicates a minor decline each year, with the annual drop averaging around 1% to 2%. The compound annual growth rate (CAGR) over this five-year period suggests a small but consistent decrease in import value annually.
Future trends to watch for include potential shifts in global coconut oil production, changes in Singapore's domestic consumption patterns, and variations in international trade policies. These factors will be crucial in determining the actual trajectory of import values in the years to come.