Import of transmissions for motor vehicles to Singapore saw considerable variation over the years. From 2013 to 2015, a dramatic drop occurred, followed by a slow recovery until 2017. The period from 2018 to 2023 experienced more stable growth, with 2023 imports valued at 31.797 million USD.
Year-on-year variation highlights:
- 2022-2023: 1.17% increase
- 2021-2022: 6.53% increase
Recent 5-year CAGR (2019-2023): -0.48%.
Future trends to watch for include technological advancements in automotive transmissions and potential shifts towards electric vehicle components, which may affect import demands. Forecasts indicate a modest growth rate, with a 5-year CAGR of 0.94% through 2028, pointing to a stabilization in the market.
