The forecasted import value of coffee to Singapore shows a consistent upward trend from 2024 to 2028, starting at $80.637 million in 2024 and reaching $85.944 million in 2028. In 2023, the import value stood at $79.273 million.
Year-on-year variations are as follows:
- 2025: +1.70%
- 2026: +1.63%
- 2027: +1.57%
- 2028: +1.52%
The compound annual growth rate (CAGR) over this five-year period is approximately 1.60% per year.
Looking ahead, trends to watch for include changes in global coffee prices, shifts in consumer preferences towards specialty coffees, and potential trade policies impacting import channels. Further, sustainability-driven practices in coffee production might affect both supply and demand dynamics.