Singapore

Value sales of fine wines/champagne and spirits grew by 14% to total SGD99 million in 2023, as a result of a consumer desire to have fun and enjoy experiences after the pandemic. Socialising is a priority pastime for many consumers, following on from…

Demand for home audio and cinema continues to slowly decline in 2023, as part of a longer-term trend evident throughout the review period, except for a marginal upturn in retail volume sales of home cinema and speaker systems in 2020 due to pandemic…

Following a surge in demand in 2020, driven by pandemic-induced home seclusion, meals and soups packaging recorded a second consecutive year of retail unit volume decline in 2022 to sit below 2019 levels. Meals and soups packaging in Singapore is…

Value sales of premium and luxury cars rose by 8% to total SGD4.5 billion in 2023, as higher-income consumers chose to buy a new luxury car, showing resilience in the face of macroeconomic headwinds. Wealth determines the degree of demand that exists…

Whilst holding marginally lower retail unit volume share compared to 2020, when pandemic-induced home seclusion led to a surge in home cooking and the reliance on various sauces, dips, and condiments, recipe sauces packaging returned to growth in…