In 2023, Indonesia's imports of plastic monofilament stood at $30.62 million. Forecasts for the upcoming years indicate steady growth, with projected values as follows: $31.617 million in 2024, $32.734 million in 2025, $33.829 million in 2026, $34.901 million in 2027, and $35.953 million in 2028.
The year-on-year increase is expected to be around 3.36% from 2024 to 2025, 3.34% from 2025 to 2026, 3.17% from 2026 to 2027, and 3.01% from 2027 to 2028. The compound annual growth rate (CAGR) over this five-year period is forecasted to be approximately 3.22%.
Future trends to watch for include technological advancements in plastic manufacturing and recycling processes, changes in international trade policies, and fluctuations in raw material prices. Additionally, shifts in domestic demand and potential environmental regulations could impact import volumes and values.
