The import of Laboratory, Hygienic, or Pharmaceutical Glassware to Indonesia as of 2023 stood at 12.814 million US dollars. The historical data shows fluctuations, with significant growth in 2016 (17.83%) and 2021 (25.29%), while experiencing declines in 2015 (-5.31%) and 2020 (-13.48%). The Compound Annual Growth Rate (CAGR) over the last 5 years stands at approximately 3.24%. Forecasts predict steady growth, with a projected CAGR of 2.59% and an overall growth rate of 13.63% from 2023 to 2028, reaching 15.11 million US dollars by 2028.
Future trends to watch for:
- Continuous upscaling of pharmaceutical and healthcare industries
- Technological advancements driving demand for high-quality glassware
- Shifts in global trade policies and their impact on imports
