From 2013 to 2023, Indonesia's import of safety glass has experienced notable fluctuations with instances of both sharp increases and decreases. Significant growth occurred in years like 2015, 2018, and 2021 with year-on-year increases of 24.38%, 14.14%, and 24.81% respectively. Conversely, declines were observed in 2013 and 2020 by -24.01% and -13.84% respectively. In 2023, the import value stood at 23.811 million US Dollars, marking a 3.22% increase from the previous year.
Over the past five years leading to 2023, the import value demonstrated a CAGR of 3.28%. Looking ahead, forecasted values for 2024 and beyond suggest a steady escalation with an anticipated CAGR of 2.38% over the next five years, projecting a cumulative growth rate of 12.46% by 2028.
Future trends to watch for include potential impacts of changing regulatory standards, technological advancements in glass manufacturing, and economic conditions that may influence industrial demand and construction activities, which are major consumers of safety glass.
