Indonesia's wheat import volume for the years 2024 to 2028 is projected to increase from 10.19 million metric tons in 2024 to 10.86 million metric tons in 2028. In 2023, the actual wheat import value stood at 10.02 million metric tons. Year-on-year variation shows a consistent increase, with 2024 witnessing a 1.70% rise over 2023, followed by 1.67% in 2025, 1.64% in 2026, 1.52% in 2027, and 1.59% in 2028. The Compound Annual Growth Rate (CAGR) from 2023 to 2028 is approximately 1.62% per year.
Future trends to watch for include:
- Global wheat market fluctuations affecting import prices
- Domestic agricultural policies and their impact on wheat import needs
- Technological advancements in agriculture influencing productivity
- Changes in dietary patterns and consumer preferences
- Trade agreements and geopolitical stability in key wheat-exporting countries
