The import value of Apple Juice to Singapore has shown a general decline over the 2013-2023 period, reducing from $5.6887M in 2013 to $4.3828M in 2023. With annual changes varying from -14.92% in 2017 to a slight increase of 5.11% in 2016, the overall trend has been downward. The average Compound Annual Growth Rate (CAGR) over the last five years (2018-2023) is approximately -0.072%.
Over the most recent two-year period (2022-2023), there is a slight decrease of 0.25% year-on-year. Looking to the future, the forecast for 2024-2028 predicts a continuous but modest decline with a forecasted CAGR of -0.21%, suggesting further slight decrease in import values.
Future trends to watch for include changes in consumer preferences towards healthier beverages and potential shifts in trade policies that might affect import values. Furthermore, global supply chain dynamics and local production capabilities could also influence the import volume and value of Apple Juice to Singapore.
