The export of mineral and aerated waters from Singapore decreased by 2.5% from 2022 to 2023, with values declining from 51.8 million USD in 2022 to 50.502 million USD in 2023. The forecast indicates a continued downward trajectory from 2024 to 2028, with estimated values of 50.502 million USD in 2024, tapering down to 40.386 million USD by 2028.
Year-on-year variations show the following trends:
• Annual decrease of -5.17% from 2025
• Annual decrease of -5.33% from 2026
• Annual decrease of -5.52% from 2027
• Annual decrease of -5.73% from 2028
The compound annual growth rate (CAGR) over the five years underscores an average decrease of -5.68% per year, painting a bleak picture for the sector.
The declining trend might be influenced by various factors including global economic conditions, competition, and changing consumer preferences. Going forward, market players should watch for advancements in water purification technology, shifts in international trade policies, and sustainability trends which may impact consumer demand and industry practices.