In 2023, the value stood at 69.22, marking the last actual record before the forecast period. The forecast data from 2024 to 2028 indicates a gradual decline. Year-on-year variations suggest a consistent decrease, dropping by 0.54% in 2025, by 0.53% in 2026, and continuing this trend with 0.51% and 0.52% reductions in 2027 and 2028, respectively. The compound annual growth rate (CAGR) over this five-year period highlights an average yearly decline of 0.53%.
Future trends to monitor include potential impacts of technological advancements, policy changes, and market shifts. Observing economic indicators and consumer behavior will be crucial in understanding further deviations from the forecasted trajectory.
