In 2023, the actual value of the import of glass beads and imitation stones to Indonesia was 14.860 million USD. The forecasted data from 2024 to 2028 shows a steady increase in the import value, reflecting a consistent year-on-year growth. Specifically, the data forecasts incremental growth from 15.357 million USD in 2024 to 17.428 million USD in 2028. The average year-on-year growth rate over the last two years stands at 2.5%, while the Compound Annual Growth Rate (CAGR) over the next five years is projected to be approximately 3.4%.
Future trends to watch for include:
- Potential impact of economic policies on import tariffs which might affect import costs.
- Trends in local production of glass beads and imitation stones which could reduce demand for imports.
- Shifts in consumer preferences towards more sustainable or locally sourced products.
- Global supply chain disruptions that could affect import quantities and prices.
- Technological advancements in manufacturing that could influence both quality and pricing in the international market.