From 2013 to 2015, Indonesia saw a decline in the import value of electrical insulators of glass, with the CAGR reflecting an average annual decrease. The trend reversed in 2016 with significant growth rates, peaking in 2018. A stabilization phase followed, with moderate fluctuations from 2019 to 2023. The value stood at $13.322 million in 2023.
For the past two years, the year-on-year growth rate was 5.04% and 4.7%. The 5-year CAGR, reflecting average annual growth, was 1.82%. The forecast for 2024-2028 predicts a continued average annual growth of 3.3% with an overall increase of 17.64% by 2028.
Future trends to watch include technological advancements in electrical infrastructure, changes in regulatory policies, and the evolving demand for energy-efficient solutions, which could impact the import value.
