From 2013 to 2015, Indonesia's fibreboard production showed a strong upward trend with significant year-on-year increases of 5.37%, 20.59%, and 17.61%, respectively. However, the market plateaued from 2017 to 2022, maintaining a consistent output of 718 thousand cubic meters annually. In 2023, production saw a slight increase to 731.7 thousand cubic meters, marking a year-on-year variation of 1.91%. The five-year CAGR leading up to 2023 was a modest 0.38%.
Forecasts from 2024 to 2028 indicate a gradual increase in production, reaching 797.84 thousand cubic meters by 2028. The forecasted five-year CAGR is 1.37%, with an overall growth rate of 7.06% for this period.
Future trends to watch:
- Potential impacts of technological advancements on production efficiency.
- Influence of environmental regulations on production practices.
- Fluctuations in raw material availability and cost.
- Market demands and trends influencing production scaling.
