Indonesia's export of plastics and articles thereof is projected to grow steadily, with values forecasted to increase from $2.848 billion in 2024 to $3.0563 billion in 2028. This upward trend showcases a year-on-year increase, with 2025 witnessing a 1.90% growth over 2024, 2026 showing a 1.81% rise over 2025, 2027 with a 1.74% increment over 2026, and 2028 indicating a 1.68% growth over 2027. From 2023, where the actual value stood at $2.795 billion, the compound annual growth rate (CAGR) over the last five years is approximately 1.80%.
Future trends to monitor include:
- Global demand shifts and new market opportunities for plastic exports
- Technological advancements in sustainable plastics
- International trade policies and potential tariffs impacting exports
- Fluctuations in raw material prices and their effect on production and export costs