In 2023, the apple supply in Singapore stood at 39.47 thousand metric tons, continuing a downward trend observed in previous years. Historically, the supply peaked around 2013-2014 at 50.0 thousand metric tons but has seen fluctuations with an overall negative trend. Recent years have shown a consistent decline, with a year-on-year variation of -1.33% in 2023, and a Compound Annual Growth Rate (CAGR) of -1.24% over the last five years. Forecast data projects further decreases, with a forecasted 5-year CAGR of -0.77% and an overall drop to 37.6 thousand metric tons by 2028.
Future trends to watch for:
- Potential impacts of climate change on apple production globally, which may affect import volumes.
- Changes in consumer preferences and shifts towards local or alternative fruit options.
- Trade policies and agreements that could alter import costs and supply chains.
- Technological advances in agricultural practices that might alter production efficiencies and outputs.
