The import of plastic doors, windows, and frames to Indonesia has seen fluctuations over the past decade, with values moving between $3.20 million and $4.35 million. In 2023, the import value stood at $4.11 million, showcasing stability with a slight year-on-year increase of 2.03% and a five-year average CAGR of 3.06%. The immediate past two years show more positive trends, with a 7.50% growth in 2022 and 2.03% in 2023, indicating recovery and increased demand. Looking forward, the forecast suggests a steady upward trend with moderate growth rates, anticipating a 1.58% average annual increase through 2028.
Future trends to watch for:
- Potential impacts of global economic conditions on Indonesia's construction sector.
- Shifts in trade policies affecting import costs and volumes.
- Technological advancements in plastic manufacturing and their adoption in Indonesia.
- Market demand fluctuations due to changes in domestic housing policies or consumer preferences.