The export data shows fluctuations over the years with significant growth in 2018 and consistent growth from 2020 to 2023. Year-on-year variations include peaks (+61.22% in 2018) and troughs (-14.12% in 2020). From 2023 onwards, a steady upward trend is forecasted, with a projected 2.2% CAGR over the next five years. This implies a growth rate of 11.51% by 2028.
Future Trends to Watch: Monitoring market dynamics, technological advancements in production, and trade policies will be crucial for accurate future trend analysis. Companies should prepare for potential supply chain adjustments and explore new market opportunities to sustain growth.
