Between 2013 and 2023, the import value of Vitamin C to Indonesia has shown a fluctuating trend. After a decline from 2013 to 2015, the market saw significant growth in 2017 with a 66.48% year-on-year increase, indicating a surge in demand. In recent years, the market steadied with minor fluctuations, growing by 2.94% year-on-year in 2023 to stand at $38.334 million.
Looking ahead, the forecasted data for 2024-2028 suggests a consistent upward trend with a Compound Annual Growth Rate (CAGR) of 1.95%, reaching $43.563 million in 2028. This implies an overall growth rate of 10.12% over the next five years.
Future trends to watch for include potential shifts in global supply chains, changes in health trends impacting Vitamin C consumption, and possible adjustments in trade policies or import tariffs that could affect costs and import dynamics.
