The export of synthetic filament yarn from Indonesia is forecasted to decline continuously, starting from 2024 with a value of $398.1 million and reaching $385.41 million by 2028. This trend reflects a steady year-on-year decrease, with a percentage decline of -0.82% from 2024 to 2025, -0.81% from 2025 to 2026, -0.80% from 2026 to 2027, and -0.79% from 2027 to 2028. Compared to 2023, the value in 2024 remains relatively stable but begins to show a downward trajectory in the succeeding years. Over the entire period from 2024 to 2028, the compound annual growth rate (CAGR) is approximately -0.81%, indicating an average annual decline.
Future trends to watch for include potential shifts in global demand for synthetic filament yarn, changes in raw material prices, technological advancements in production, and competitive dynamics within the international market. Furthermore, monitoring trade policies and environmental regulations will be crucial as they can significantly impact Indonesia's export performance.
