The value of grape juice exported from Taiwan to Singapore experienced considerable fluctuations over the past several years. In 2023, exports stood at 310 thousand US dollars. Year-on-year analysis for the last two years shows a 12.65% increase in 2022, followed by an 8.77% increase in 2023. However, the Compound Annual Growth Rate (CAGR) over the last five years had a slightly negative trend at -2.45%, indicative of some underlying instability in the market.
Looking forward, forecasted data from 2024 to 2028 suggests a modest but positive growth trend. Forecasted values exhibit a 5-year CAGR of 1.88%, aligning with a forecasted 5-year growth rate of 9.75%, indicating a gradual recovery and stabilization in the export values.
- The value in 2023 was 310 thousand US dollars.
- 2022 showed a 12.65% year-on-year increase.
- 2023 saw an 8.77% year-on-year rise.
- The last 5-year CAGR was -2.45%.
- Forecasted 5-year CAGR (2024-2028): 1.88%.
Future trends to watch for include potential increases in demand for healthy beverages in Singapore, economic shifts influencing trade policies, and the impact of new agricultural practices in Taiwan that may enhance grape yield and quality, thus affecting export values positively.
