Singapore has experienced a steady rise in costs of transportation and raw materials due to unstable global economies and supply chain issues due to the war in Ukraine. This is expected to further weaken production levels for many commodities over 2023, especially for homewares.
With the cost of commodities and outside entertainment rapidly increasing in Singapore, an increasing number of consumers are expected to cook at home more often and entertain themselves and others to reduce costs. This will positively impact sales of homewares over the forecast period.
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Understand the latest market trends and future growth opportunities for the Homewares industry in Singapore with research from Euromonitor International's team of in-country analysts – experts by industry and geographic specialisation.
Key trends are clearly and succinctly summarised alongside the most current research data available. Understand and assess competitive threats and plan corporate strategy with our qualitative analysis, insight and confident growth projections.
If you're in the Homewares industry in Singapore, our research will help you to make informed, intelligent decisions; to recognise and profit from opportunity, or to offer resilience amidst market uncertainty.
Cooking utensils, dishes, tableware, cutlery, drinkware, serving trays and other small articles used in a home. Items must be new when sold to the consumer. Second-hand / used homewares are excluded, as are antique sales. Homewares refers to dining (beverageware, cutlery and dinnerware) and kitchen (cookware and kitchenware).See All of Our Definitions
This report originates from Passport, our Homewares research and analysis database.
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