Singapore's rubber and plastic products exports to Indonesia stood at $353 million in 2023. Forecasted data for 2024 to 2028 indicates a gradual decline in export value: $348.89 million in 2024, $344.82 million in 2025, $340.83 million in 2026, $336.92 million in 2027, and $333.09 million in 2028. This downward trend shows year-on-year decreases of approximately 1.15% from 2023 to 2024, 1.17% from 2024 to 2025, 1.16% from 2025 to 2026, 1.15% from 2026 to 2027, and 1.14% from 2027 to 2028.
Over the five-year forecast period, the Compound Annual Growth Rate (CAGR) is roughly -1.16%, suggesting a consistent and gradual decline in export values.
Future trends to monitor include changes in trade policies between Singapore and Indonesia, advancements in manufacturing technologies, and shifts in market demand for rubber and plastic products. Additionally, global economic conditions and sustainability initiatives may further impact these export values.
