The import of nickel and articles thereof to Indonesia has shown a substantial growth trend over the forecasted period from 2024 to 2028. Starting from a value of 146.99 million USD in 2024, the imports are projected to increase year-on-year, reaching 173.24 million USD by 2028. This consistent upward trend indicates a strong demand for nickel and related products in Indonesia. Year-on-year, the percentage growth for each subsequent year is as follows: 4.6% for 2025, 4.3% for 2026, 4.0% for 2027, and 3.8% for 2028. The compound annual growth rate (CAGR) over the five-year period is approximately 4.1%, reflecting steady annual growth.
Future trends to watch for include potential shifts in global nickel prices, which can affect import values, and any changes in Indonesian policy regarding mining and metal imports. Furthermore, the increasing demand from the electric vehicle industry, which relies heavily on nickel, could drive further import growth.
