The import volumes have displayed a steady declining trend from 6.4357 million kg in 2013 to a forecasted 0.12559 million kg in 2028, highlighting a significant reduction. Notably, the year-on-year variations for 2023 and 2024 are -15.12% and -19.58% respectively, with a 5-year CAGR projecting an average annual decline of -38.72%.
Looking ahead, the import of glass fibres, glass wool, and related articles is expected to continue its downward trend. Factors such as inflation, advancements in local manufacturing capabilities, or preference for alternative materials might play a critical role in this declining trend. Monitoring regulatory changes and shifts in industrial demand will be key for future projections.
