The data indicates a gradual decline from 2024 to 2028, with each year showing a slight decrease in value. This downward trend reflects an overall conservative reduction, with yearly declines of approximately 0.16% - 0.18% year-on-year. In comparison to 2023, where the value stood at 50.06, the compounded annual growth rate (CAGR) suggests an average decrease of around 0.2% over the five-year forecast period.
Looking ahead, key future trends to monitor include external economic factors influencing demand, technological advancements impacting the sector, and potential regulatory changes. Keeping an eye on these elements could provide insights into any deviations from the projected downward trend.
