The export of chlorine from Singapore has seen significant fluctuations over the period from 2013 to 2023, where the values were expressed in thousand kilograms. Starting from a modest value, the export volume dramatically increased over the years, peaking at 13,341 thousand kilograms in 2023. The year-on-year variation ranged considerably, from substantial increases such as 284.12% in 2015 to decreases such as -11.12% in 2020. The Compound Annual Growth Rate (CAGR) over the past five years stood at 6%, indicating a steady, albeit varied, growth trajectory.
Looking ahead, the forecasted export volumes from 2024 to 2028 suggest continual growth, with the volume expected to reach 16,949 thousand kilograms by 2028. The forecasted 5-year CAGR is 3.8%, with an anticipated overall growth rate of 20.51% over the period.
Future trends to watch for:
- Impact of global demand and supply chain dynamics on chlorine export volumes.
- Environmental regulations and sustainability practices affecting the production and export of chlorine.
- Technological advancements in chlorine production and their effect on export capacities.
- Geopolitical factors that may influence trade agreements and export tariffs.
