Singapore's import of apples, pears, and quinces stood at 89 million USD in 2023. Forecasted data indicates a steady increase in import values: 90.45 million USD in 2024, 91.216 million USD in 2025, 91.966 million USD in 2026, 92.702 million USD in 2027, and 93.422 million USD in 2028. The year-on-year variation is consistent, showing a steady growth trajectory.
Variation Analysis:
- 2024: +1.63%
- 2025: +0.85%
- 2026: +0.82%
- 2027: +0.80%
- 2028: +0.78%
The average compound annual growth rate (CAGR) over the five-year period from 2024 to 2028 stands at approximately 0.98%.
Future trends to watch for include evolving consumer preferences towards more organic and sustainably sourced fruits, which might influence import patterns. Additionally, potential changes in trade policies and currency valuation fluctuations could impact import volumes and values.
