Between 2013 and 2023, the import of plastic containers, bobbins, and packages to Indonesia exhibited significant year-on-year fluctuations, with notable dips in years such as 2015 and 2020. A steady upward trend emerged from 2021 onward, reaching a value of $556.6 million in 2023. The last 5-year CAGR stood at 3.43%, indicating moderate annual growth. 2021 marked the highest year-on-year increase of 27.86%, signaling a strong recovery phase post-2020 dip.
Looking forward, the forecasted data from 2024 to 2028 anticipate a continued increase, with imports projected to reach $658.19 million by 2028. The forecasted 5-year CAGR for this period is 2.61%, slightly lower than the previous 5 years, suggesting a more stabilized but consistent growth trajectory.
Future trends to watch for:
- Potential impacts of Indonesia's manufacturing and industrial growth on demand for plastic containers.
- Global supply chain disruptions or stabilization affecting import volumes.
- Regulatory changes related to plastic usage and import tariffs.