The import of waste and scrap of paper and paperboard to Singapore stood at 23.81 Million US Dollars in 2023. This marked a modest increase of 3.52% year-on-year from 2022. Over the past two years, the compound annual growth rate (CAGR) has shown a minor increase of 0.63%. Looking at a longer-term view, the 5-year CAGR from 2018 to 2023 indicated a lower growth rate compared to the earlier surge. Notably, from 2024 onwards, the forecasted data projects a steady and consistent growth, with a 5-year forecasted CAGR of 2.57% and an overall growth rate of 13.53% up to 2028.

Future trends to watch for include:

Potential policy changes in import regulations.
Fluctuations in global paper and paperboard market demand.
Innovation in recycling technologies impacting the import volume.
Environmental policies and sustainability initiatives affecting the recycling industry.