The import of insecticides to Singapore has seen various fluctuations from 2013 to 2023. The year 2023 recorded a total import value of 43.081 million US Dollars. In recent years, there has been a notable downward trend, with the year-on-year variation over the last two years showing a consistent decrease of -2.14%. The most recent 5-year CAGR stands at -1.91%, indicating a gradual annual decline in the import volumes.
Looking ahead, forecasts suggest this downward trajectory is expected to continue with a projected 5-year CAGR of -1.93%, leading to a total decrease of -9.26% by 2028. Future trends to watch will include changes in agricultural practices, potential local production capabilities, and shifts in regulatory environment affecting insecticide import demands.
