The import of glass containers for packing or conveyance goods to Indonesia has shown significant fluctuations over the past decade, peaking in 2023 at 105.11 million USD. From 2013 to 2015, imports declined, followed by a recovery phase peaking in 2017. After minor declines and fluctuations, 2020 saw a drop but resumed growth in subsequent years. A significant boost occurred in 2021, with moderate growth continuing into 2022 and 2023, which saw a 3.34% increase. The 5-year compound annual growth rate (CAGR) up to 2023 stands at approximately 3.88%.
Looking ahead to the forecasted data from 2024 to 2028, a steady increase in imports is projected, maintaining an approximate CAGR of 2.44%. This suggests a consistent market demand recovery and growth trajectory, with imports expected to reach 122.94 million USD by 2028, reflecting a 12.82% growth rate over five years.
Future trends to watch for include:
- Fluctuations in global supply chains and their impacts on import costs.
- Changes in domestic production capacity of glass containers.
- Shifts in consumer preferences and demand recovery post-pandemic.
- Regulatory changes impacting import tariffs and trade policies.
