The import of sets of different knives and cutlery sets to Indonesia has shown fluctuating trends over the past years. Notably, between 2013 and 2014, there was a significant drop of 36.25%, followed by a period of modest growth and stability. From 2018 onwards, a consistent upward trend is evident, with a notable peak in 2018 with a year-on-year growth of 56.52%. In 2023, the imports stood at 1,291.8 thousand US Dollars, reflecting a mild year-on-year increase of 3.71%. The last five years have shown a CAGR of 1.58%, indicating moderate growth.
The forecast data from 2024 to 2028 predicts a continued steady increase with a 5-year forecast CAGR of 2.69% and an overall growth rate of 14.2% over this period.
Future trends to watch for:
- Continuation of steady growth in imports
- Influence of global economic conditions and trade policies
- Potential impact of domestic market saturation
- Technological advancements and product innovations in the cutlery industry