The import of glass fibres and glass wool to Indonesia has seen a significant upward trend from 2013 to 2023, standing at 86.23 million USD in 2023. Year-on-year variations have been quite volatile, with fluctuations ranging from -13.87% to 24.77%. The most recent trend shows a 3.37% and 3.19% increase in 2022 and 2023 respectively. The five-year Compound Annual Growth Rate (CAGR) for 2023 is at 2.95%, suggesting moderate but steady growth.
Future forecasts predict continuous growth, with imports reaching 100.16 million USD by 2028. The five-year CAGR from 2024 is forecasted to be 2.36%, reflecting a consistent, albeit slower, rate of increase compared to the previous years. Watch for trends in global supply chain disruptions, technological advancements in glass fibre production, and policy changes impacting import tariffs and restrictions which may influence these projections.
