In 2023, Indonesia's export of paint, distemper, varnish brushes, and paint pads stood at 4.5250 million kilograms. The forecast data from 2024 to 2028 indicates a stable and gradual increase in export volumes. Specifically, the annual growth rates from 2024 to 2028 are as follows:
• 2024: 1.25%
• 2025: 1.27%
• 2026: 1.22%
• 2027: 1.18%
• 2028: 1.14%
The compound annual growth rate (CAGR) over this five-year period is approximately 1.21%, suggesting a steady upward trend in Indonesia's export volumes. This continuous growth is indicative of Indonesia's expanding market reach and increasing demand for its brushes and paint pads internationally.
Future trends to watch for include advancements in production technology, shifts in global trade policies, and potential changes in demand driven by industry innovations and sustainability initiatives. Attention should also be given to potential new market entrants and competitive dynamics within the sector.