In 2023, green coffee imports in Singapore stood at 106.0 thousand units (bags of 60 kg). From 2024 to 2027, imports are forecasted to remain stable at 106.0 thousand units annually. By 2028, a slight decrease to 105.0 thousand units is anticipated. Year-on-year variation from 2024 to 2027 shows no change, while a minimal decline of approximately -0.94% is expected between 2027 and 2028.
CAGR analysis indicates an average annual decrease of about -0.23% over the five-year period from 2024 to 2028.
Future trends to watch for include:
- Possible shifts in consumer preferences towards specialty coffees.
- Impact of global climate change on coffee production and supply chain disruptions.
- Economic factors influencing import capacities, such as tariff changes and currency fluctuations.
- Advancements in sustainable and ethical sourcing practices.