The import value of laboratory, hygienic, or pharmaceutical glassware to Singapore stood at $57.926 million in 2023. From 2022 to 2023, imports increased by 3.2%. Over the last five years (2018-2023), the CAGR was 5.13%, demonstrating a steady upward trend despite some fluctuations. Since 2013, the trend shows a significant increase from $37.968 million, reaching a forecasted $67.304 million by 2028 with a forecasted 5-year CAGR of 2.36%.
Future trends to watch for include technological advancements in glassware manufacturing and increasing demand for pharmaceutical glassware driven by pharmaceutical R&D and healthcare sector growth. Additionally, global supply chain dynamics and potential trade policies may influence import volumes.
