The import of disinfectants to Singapore has shown significant volatility from 2013 to 2023, starting from a value of 1.03 million kilograms and growing to 3.51 million kilograms in 2023. Notably, 2017 saw a remarkable year-on-year increase of 97.79%, but this was followed by a decline of 28.16% in 2018. Despite these fluctuations, there has been a consistent upward trend, with a 5.32% CAGR over the last five years. The last two years saw a more modest growth, with a year-on-year increase of 9.12% in 2022 and 3.46% in 2023.
Future trends to watch for:
- Steady growth with forecasted imports expected to reach 4.12 million kilograms by 2028
- Projected 5-year CAGR of 2.55%, indicating a slower but steady rise
- Potential impact of new health protocols and regulations
- Market adaptation to alternative disinfection technologies or products