In 2023, the volume of prepared additives for cements, mortars, or concretes imported to Indonesia stood at 49.37 million kilograms. This represents a year-on-year growth of 3.11% from 2022. Over the last two years, there has been a consistent upward trend with varied growth rates: 8.72% in 2022 and 3.11% in 2023. The five-year CAGR from 2018 to 2023 shows an average annual growth of 4.25%, indicating a gradual increase in imports over the recent period.
Looking ahead to future trends, forecasts suggest a continued moderate growth in imports, with a five-year CAGR of 2.32% from 2024 to 2028. This trend translates to a forecasted growth rate of approximately 12.15% over the next five years.
Future trends to watch for:
- Increased demand for infrastructure projects in Indonesia, potentially driving higher imports.
- Technological advancements in construction materials that could impact import volumes.
- Economic factors affecting the construction industry, including regulatory changes and investment levels.