The data showcases Indonesia's food product exports to the US, highlighting a resilient growth trend over the long term. As of 2023, exports stood at 4.0692 billion USD, reflecting a moderate yet consistent increase. Significant year-on-year variations were observed, such as a notable 39.8% jump in 2014 and a -12.06% dip in 2015. The growth rate has leveled out in recent years, registering a 3.5% increase in 2023. Over the last two years, the growth rates were relatively steady, showing 3.5% and 1.67% increases, respectively. The five-year CAGR (2019–2023) stands at 4.31%, indicating a healthy annual growth rate.
Looking forward, the forecast suggests a continuation of this growth trajectory, albeit at a more modest pace with a five-year CAGR of 2.32% and an anticipated overall 12.16% growth by 2028.
Future trends to watch for include potential market shifts driven by US consumer preferences for sustainable and organic food products. Changes in trade policies between the US and Indonesia could also affect export volumes, as could macroeconomic factors such as currency exchange rates and global supply chain dynamics.
