The export value of New Zealand cherries to Singapore experienced significant variations from 2013 to 2023. In 2023, the export value stood at $0.708 million, marking a modest year-on-year increase of 2.31%. The compound annual growth rate (CAGR) for the last five years, from 2018 to 2023, was 2.99%.

Observing the forecasted data from 2024 onwards, the export value is expected to rise gradually, reaching $0.784 million by 2028. The projected CAGR over this period is 1.63%, with an overall growth rate of 8.44% over the next five years.

Future trends to watch for:

The impact of global economic conditions on trade relations and export prices.
Developments in agricultural technology and practices that could boost cherry production in New Zealand.
Changes in Singaporean consumer preferences and demand for cherries.
Potential trade agreements or regulatory changes affecting fruit exports.