In 2023, the import value of ferro-alloys in Indonesia stood at $1,189.1 million. Import values have shown significant fluctuation over the past decade, with steep increases observed in more recent years. The YoY 2022-2023 variation was 6.19%, and the CAGR from 2018 to 2023 was 4.16%. Import values saw a sharp increase from 2017 onward, largely driven by industrial demand and infrastructure projects.

Future trends to watch for involve:

Continued moderate growth in imports fueled by sustained industrial and infrastructure investments.
Potential impact of global economic conditions and trade policies on ferro-alloy prices and availability.
Technological advancements and shifts towards sustainable practices possibly affecting production and demand.