The import of asbestos friction materials and articles thereof to Indonesia has shown varied trends over the years. In 2023, the value stood at 56.27 million USD. The year-on-year growth for 2023 was 2.7%, while for 2022, it was 2.83%. Notably, the average annual growth rate (CAGR) over the last five years was 3.17%. The period experienced fluctuations such as a significant decline in 2015 (-21.66%) and 2020 (-14.4%), but it also included notable growth years like 2014 (28.08%) and 2021 (24.07%). Looking forward, the forecast indicates a steady import growth with a CAGR of 2.02% over the next five years, anticipating a cumulative growth rate of 10.53% by 2028.
Future Trends to Watch For:
• Monitoring environmental regulations and their impact on asbestos material usage.
• Observing changes in industrial demand for friction materials.
• Staying alert to potential technological advancements leading to alternative friction materials.
