The import of glass mirrors to Singapore has exhibited significant fluctuations over the past decade. In 2023, the value stood at 15.817 million USD. Observing the year-on-year variation, there was a 5.61% decline in 2023, following a 5.41% decrease in 2022, and a 14.18% increase in 2021. The compound annual growth rate (CAGR) over the past five years indicates a significant downward trend of -5.9%, suggesting a considerable reduction in import values. This decline has peaked in recent years with notable drops particularly after 2016.

Future trends to watch for include:

Continuing decline in import values as per forecast, highlighting an annual average drop of 5.9% from 2024 to 2028.
Potential shifts in market dynamics or policy changes that could alter import needs or capabilities.
Technological advancements and local production capabilities that may reduce reliance on imports.