The import value of thin sheets (voiles) of glass fibres to Australia in 2023 stood at 1.91 million USD. From 2024 to 2028, there is a consistent upward trend in the forecasted values. The year-on-year variation shows a steady increase: 1.95 million USD in 2024 (1.8% increase), 1.98 million USD in 2025 (2.0% increase), 2.02 million USD in 2026 (1.9% increase), 2.06 million USD in 2027 (1.8% increase), and 2.09 million USD in 2028 (1.7% increase).
The Compound Annual Growth Rate (CAGR) over this 5-year forecast period is estimated to be around 1.85%, indicating a stable and moderate growth trend in the importation of thin sheets of glass fibres.
Future trends to watch for:
- Technological advancements in glass fibre production, potentially reducing costs.
- Changes in trade policies or tariffs impacting import economics.
- Growth in industries using glass fibres, such as construction and automotive sectors, driving demand.
- Environmental regulations influencing material usage and sourcing strategies.
