Based on the provided data, the forecasted import values (in Million US Dollars) for the years 2024 to 2028 are as follows:
- 2024: $1.6287M
- 2025: $1.6979M
- 2026: $1.7657M
- 2027: $1.8321M
- 2028: $1.8972M
Year-on-Year Variation (YoY)
- From 2024 to 2025: 4.25%
- From 2025 to 2026: 4.00%
- From 2026 to 2027: 3.76%
- From 2027 to 2028: 3.55%
Compound Annual Growth Rate (CAGR)
The CAGR for the period from 2024 to 2028 is approximately 3.88%.
Future Trends to Watch
As the import of Chloromethane and Chloroethane to Singapore grows steadily, key factors to monitor include shifts in industrial demand, regulatory changes impacting chemical imports, and global market trends. Sustainability practices and advancements in chemical alternatives could also influence future forecasts.
