In 2024, the soybean supply in Singapore is forecasted to be 22.0 thousand metric tons. This value is projected to remain unchanged through 2028. This consistent forecast suggests no year-on-year variation in the soybean supply during this period.
For context, the soybean supply in 2023 stood at 22.0 thousand metric tons, indicating no growth or decline from 2023 to 2028. Therefore, the Compound Annual Growth Rate (CAGR) over the five-year period is 0%.
Future trends to watch for include:
• Potential changes in import policies or trade agreements that could affect soybean supply.
• Technological advancements in agricultural production that might influence supply dynamics.
• Shifts in consumer demand for soy-based products in Singapore.
