Based on the given data, the import value of glass mirrors to Indonesia is forecasted to grow steadily from $45.287 million in 2024 to $49.897 million by 2028. This implies a stable year-on-year increase. The year-over-year percentage variation shows an increase of approximately 2.63% from 2024 to 2025, 2.5% from 2025 to 2026, 2.39% from 2026 to 2027, and 2.29% from 2027 to 2028.
The Compound Annual Growth Rate (CAGR) over the forecast period from 2024 to 2028 is approximately 2.45%, illustrating a moderate and consistent upward trend in the import value of glass mirrors.
Future trends to watch for include:
- Technological advancements in glass manufacturing which could impact costs and import values.
- Fluctuations in global economic conditions affecting trade policies and import duties.
- Changing local market demands and consumer preferences in Indonesia affecting the volume and value of imported glass mirrors.
