The import volume of prepared additives for cements, mortars, or concretes into Singapore stood at 35.011 million kilograms in 2023. Over the last two years, the imports decreased significantly by 6.63% in 2023 after a marginal decline of 1.41% in 2022. Analyzing the past five-year period from 2019 to 2023, there was a sharp decline with a CAGR of -4.05%.
Looking at the longer historical trend, significant decreases were noted post-2016, culminating in a dramatic downturn in 2020. The forecast data from 2024 onward suggests a continued downward trajectory with a forecasted average decline of -7.38% CAGR over the next five years, leading to a projected volume of 21.906 million kilograms by 2028.
Future trends to watch for include potential changes in construction activity levels, innovations in concrete additives, and shifts in regional supply chains. Monitoring the global supply and demand for construction materials and the impact of policies on sustainable building practices will be crucial.
