From 2013 to 2023, the import of plastic bathroom wares to Indonesia has exhibited an overall upward trend, despite some fluctuations. The value in 2023 stood at 38.134 million US dollars. Notable variations include a significant increase in 2018 (16.5%) and a notable decline in 2020 (-13.35%), likely influenced by the global pandemic. The recent years have shown positive growth with a 19.18% increase in 2021 and a 9.35% increase in 2022. The 2023 year-on-year growth was 3.67%.
The last five years display a Compound Annual Growth Rate (CAGR) of 3.44%, indicating steady, moderate growth. Forecasts suggest continued growth with a 5-year CAGR of 2.68%, projecting a value of 45.075 million US dollars by 2028.
Future Trends to Watch For:
- Potential impacts of global economic conditions on import trends.
- Shifts in consumer preferences and demand for eco-friendly products.
- Trade policies and tariff regulations impacting import costs.
- Technological advancements in plastic manufacturing and recycling.
