The import of asbestos friction material and articles except for brakes to Indonesia has shown significant fluctuations over the past decade. Starting at 938.28 thousand kilograms in 2013, the volume saw considerable increases and decreases, reaching 2,415.9 thousand kilograms by 2021 with a fluctuating CAGR. In 2023, the import volume stood at 2,599.9 thousand kilograms, a 3.63% increase from the previous year. The projected volume for 2028 is 3,075.4 thousand kilograms, showing a future 5-year CAGR of 2.64% and an overall expected growth rate of 13.91%.
Future trends to watch for:
- Potential regulatory changes regarding asbestos use in friction materials.- Technological advancements in alternative non-asbestos materials.- Shifts in automotive and industrial sectors' demand for friction materials. - Global economic conditions affecting Indonesia’s import capability.
