The import of glass and glassware to Indonesia has shown a fluctuating trend over the past decade. In 2023, the value stood at 480.75 million USD, representing a 2.87% increase year-on-year from 2022. The yearly variation indicates a dynamic market with significant peaks, such as a 24.3% increase in 2021, followed by more moderate growth rates. Over the last five years, the CAGR stood at 2.88%, reflecting consistent but modest growth.
Forecasts suggest that the import market will continue to grow, reaching 550.72 million USD by 2028, with a forecasted 5-year CAGR of 2.14% and an overall growth rate of 11.15%. This sustained growth signifies a steady demand.
Future trends to watch for include potential impacts of global economic conditions, advancements in green technologies affecting production and demand, and changes in trade policies that could influence import dynamics.
