Based on the provided data, the import value of Model Paste, Dental Paste, and Wax to Indonesia is projected to rise steadily from 2024 through 2028. Starting from an estimated $4.865 million in 2024, it is expected to increase to $5.0745 million in 2025, $5.2798 million in 2026, $5.481 million in 2027, and $5.6781 million in 2028. This reflects a consistent year-on-year growth in import value.
In 2023, the actual import value stood at $4.67 million. From 2023 to 2024, there is a projected year-on-year increase of approximately 4.18%. Over the last two years, the year-on-year growth rate has been positive. The Compound Annual Growth Rate (CAGR) of the import value from 2023 to 2028 is approximately 4.01%, indicating a healthy and predictable upward trend.
Future trends to watch for include:
- Potential changes in global trade policies that could impact import costs.
- Technological advancements in dental products influencing import demand.
- Fluctuations in the global economy affecting disposable incomes and healthcare spending in Indonesia.
