From 2013 to 2023, Indonesia's import of glass-ceramic ware for table and kitchen use has generally trended downwards, standing at $1.9372 million in 2023. This series, measured in value, reflects a mixture of fluctuations with notable decreases in 2014 and 2020. The year-on-year variation saw a -3.34% drop in 2023 compared to the -3.29% in 2022. The compound annual growth rate (CAGR) over the last five years up to 2023 was -2.16%.
Looking forward, the forecasted data from 2024 to 2028 suggests continued decline, with a forecasted 5-year CAGR of -3.16%, culminating in an expected value of $1.5877 million by 2028, representing a -14.81% net reduction over this period.
Future trends to watch for include:
- Further declines potentially influenced by economic factors and shifts in consumer preferences.
- Possible impacts from policy changes on trade regulations and tariffs.
- Technological advancements in material sciences that might alter demand for traditional glass-ceramic ware.
