The export of glass and glassware from Indonesia has shown a declining trend over the past decade, decreasing from 388.5 million USD in 2013 to 272.57 million USD in 2023. The most significant year-on-year drops occurred in 2017 (-12.69%) and 2020 (-18.51%), correlating with decreased global demand and economic disruptions. Noteworthy recovery occurred briefly in 2018 (+8.64%) and 2021 (+18.29%). The Compound Annual Growth Rate (CAGR) from 2018 to 2023 highlights a steady decline at approximately -1.61% per year. Forecasts suggest a continued decline, reaching an estimated 246.25 million USD by 2028.
Future trends to watch for include potential increases in demand due to global economic recovery post-pandemic, technological advancements in glass production, and policy changes affecting trade. Monitoring these factors will be crucial for projecting more accurate future trends in exports.
