In 2023, Indonesia imported 4.5678 million kilograms of artificial flowers, foliage, and fruit of plastic. The forecasted data for the period 2024-2028 indicates a consistent upward trend, with imports expected to reach 5.5192 million kilograms by 2028.
Year-on-year variations from 2024 onwards show average growth rates of around 4-5% annually. Specifically, there is a predictable and steady increase each year:
- 2024: +4.07% from 2023
- 2025: +4.18% from 2024
- 2026: +3.91% from 2025
- 2027: +3.68% from 2026
- 2028: +3.48% from 2027
The Compound Annual Growth Rate (CAGR) from 2024 to 2028 is approximately 4.26%, indicating a robust and steady market expansion.
Future trends to watch for include potential increases in domestic production capabilities, changes in consumer preferences towards more sustainable materials, and regulatory impacts on plastic imports that could alter the forecasted growth trajectory.
