The import volume of asbestos brake linings and pads to Indonesia has shown fluctuations over the years. In 2023, the import volume stood at 3.2898 million kilograms, with a year-on-year increase of 2.55%. Over the last two years, there has been a steady increase, indicating slight positive growth. Analyzing the last five years, the compound annual growth rate (CAGR) is 3.8%, reflecting moderate annual growth.
Forecasting through 2028, the import volume is expected to continue its upward trend, albeit at a slower pace, with a 5-year CAGR of 1.92%. The overall growth rate projected for this period is approximately 9.97%.
Future trends to watch for include potential impacts of regulatory changes related to asbestos use, advancements in alternative brake materials, and shifts in automotive industry dynamics that may influence the demand for such imports.
