In 2023, the import of Mats of Glass Fibres to Indonesia stood at 13.014 million kilograms. The year-on-year variation from 2022 to 2023 was 2.89%, suggesting modest growth. Over the last five years, the compound annual growth rate (CAGR) has been 2.54%, indicating a steady increase though at a slower pace compared to earlier years. For instance, 2021 saw a significant year-on-year increase of 24.34%, while subsequent years have shown more moderate growth rates.
Future trends to watch for include:
- An expected 5-year CAGR of 2.15% from 2024 to 2028, suggesting continued but steady growth in imports.
- Potential market fluctuations influenced by economic conditions and industry demand.
- Advancements in production technology and alternative materials that could affect import volumes.