In 2023, Singapore's imports of ceramic housewares, excluding porcelain or china, stood at 2.734 million kilograms. Starting 2024, forecasts show a consistent decline in import volumes, with a predicted figure of 2.525 million kilograms by 2028. The year-on-year percentage decline is modest but steady. Over the five-year forecast period, the compound annual growth rate (CAGR) indicates a contraction around 1.6% annually.
Future trends to observe include:
- The impact of changing consumer preferences towards sustainable materials or modern alternatives.
- Fluctuations in global trade policies affecting import tariffs or restrictions.
- Technological advancements in ceramic production enhancing domestic production capability.
