Analyzing the infant food import volume in Indonesia from 2014 to 2023, we observe fluctuations, with notable peaks and declines. In 2023, the volume stood still at 11 thousand metric tons. The highest growth rates were recorded in 2015 (28.57%) and 2017 (20%), while significant declines occurred in 2018 (-25%) and 2020 (-17%). The Compound Annual Growth Rate (CAGR) over the last five years prior to 2023 was 4.1%, indicating moderate growth.
Considering the forecast from 2024 to 2028, the expected CAGR is 1.45% with a 7.45% growth rate over the five-year period.
Future trends to watch for include:
- Regulatory changes impacting import policies
- Consumer behavior shifts toward local or alternative products
- Potential economic factors influencing purchasing power and import volumes
