In 2023, the actual value of imports for Glass Fibres, Glass Wool, and Articles Thereof to Australia stood at $27.544 million. From 2024 onwards, projected values demonstrate a consistent upward trend. The import value is expected to grow to $27.665 million in 2024, representing a Year-on-Year increase of approximately 0.44%. Continuing this trend, the value reaches $28.141 million by 2028.
- 2024: $27.665 million (0.44% increase YoY from 2023)
- 2025: $27.788 million (0.44% increase YoY)
- 2026: $27.908 million (0.43% increase YoY)
- 2027: $28.026 million (0.42% increase YoY)
- 2028: $28.141 million (0.41% increase YoY)
The Compound Annual Growth Rate (CAGR) over the coming five years (2024-2028) is approximately 0.43%, indicating modest yet steady growth.
Future trends to watch for include potential shifts in trade regulations, advancements in manufacturing technologies which could influence cost efficiencies, and changes in global demand for sustainable building materials, which could affect both the volume and value of imports.
