The import of dried fruits to Singapore has displayed fluctuations over the past decade, with significant variations in year-on-year percentages. From 2013 to 2023, the values ranged between approximately 10.117 million USD and 12.151 million USD. Notably, 2023 stood at 12.151 million USD. Highlighting recent trends, there was a slight 1.37% increase from 2022 to 2023. Analyzing the last two years, we observed these marginal incremental changes. The latest CAGR suggests an average annual growth rate of 1.02% over the last five years.
Looking ahead from 2024 onwards, the forecasted data demonstrate a consistent growth pattern, with an expected cumulative annual growth rate (CAGR) of 1.08% over the next five years, culminating in a 5.5% total growth by 2028. This suggests a steady, albeit slow, increase in the import volume of dried fruits into Singapore.
Future trends to watch for include:
- Potential market impacts from global supply chain disruptions.
- Shifts in consumer preferences towards health-related food products.
- Economic factors influencing import capacity and trade policies.
