In 2023, the import value of paint, distemper, varnish brushes and paint pads to Indonesia stood at 21.35 million. From 2024 onwards, the import value is forecasted to continually increase, reaching 22.24 million in 2024, 23.129 million in 2025, 24.001 million in 2026, 24.854 million in 2027, and 25.691 million in 2028. Year-on-year variation shows a consistent growth trend:
- 2024-2025: Approximately 4.00% increase
- 2025-2026: Approximately 3.77% increase
- 2026-2027: Approximately 3.55% increase
- 2027-2028: Approximately 3.37% increase
The Compound Annual Growth Rate (CAGR) from 2024 to 2028 is approximately 3.67%, indicating a steady expansion in the market over this period.
Future trends to watch for include:
- Market demand shifts towards eco-friendly and sustainable brushes and pads
- Innovations and technological advancements in painting tools
- Influence of construction and renovation industry dynamics on import demand.