The forecast for milk production at farm gate in Indonesia shows a consistent growth trend from 2013 to 2028, with values expressed in Million Euros. Starting at 195.69 MEUR in 2013, the production has steadily increased to 419.28 MEUR in 2023. Notably, actual growth has been somewhat volatile with significant year-on-year variations; for instance, experiencing a notable increase of 37.48% in 2019 and a smaller 3.54% rise in 2023. The five-year CAGR illustrates a robust annual average growth, reaching 9.42% for the last five years ending in 2023.
For the future, forecasted data suggests a continuous upward trajectory with projections reaching 488.9 MEUR by 2028. The forecasted five-year CAGR from 2024 to 2028 indicates a more modest annual growth rate of 2.43%, implying a potential moderation in growth pace relative to previous periods. Overall growth over these five years is forecasted at 12.78%.
Future Trends to Watch For:
- Market dynamics and demand shifts within the dairy industry.
- Technological advancements in dairy farming and production efficiencies.
- Government policies and support for the dairy sector.
- Impact of global trade policies and import-export regulations on local production.
- Sustainability practices and adoption of environmentally friendly production methods.
