The export of glass and glassware from Australia is forecasted to decline significantly over the next five years. In 2024, the export value is projected to be 36.23 million USD but will decrease to 31.28 million USD in 2025, representing a year-on-year decline of approximately 13.65%. This downward trend continues, with the export value expected to fall to 26.43 million USD in 2026, a decline of about 15.52% from the previous year. By 2027, the export value is forecasted to reach 21.677 million USD, representing an approximate 17.99% drop, and further decreasing to 17.018 million USD in 2028, which is around a 21.44% decline year-on-year. The Compound Annual Growth Rate (CAGR) over the period from 2024 to 2028 indicates an average annual decline of about 17.76%.
Future trends to watch for:
• Emerging market demand shifts. • Technological advancements in production. • Trade policies and economic factors in key export markets. • Environmental regulations impacting production and export.
