In 2023, the export of Aluminium and Articles Thereof from Singapore stood at 876.34 Million US Dollars. In 2024, this is forecasted to rise to 882.95 Million US Dollars, representing a year-on-year increase of 0.75%. The export values for the subsequent years show a steady growth, with 2025 reaching 889.56 Million US Dollars, 2026 reaching 896.04 Million US Dollars, 2027 reaching 902.38 Million US Dollars, and 2028 reaching 908.6 Million US Dollars. Overall, the compound annual growth rate (CAGR) over the period from 2024 to 2028 is approximately 0.57%.
Future Trends to Watch For:
- Fluctuations in global aluminium prices and market demand.
- Changes in trade policies and tariffs affecting major trading partners.
- Technological advancements in aluminium production and processing that could impact export volumes.
- Economic conditions and industrial growth in key markets.
- Environmental regulations and sustainability practices influencing the production and export of aluminium.
