Indonesia's aluminum production displayed fluctuations between 2013 and 2023, with a notable decline in 2014 followed by a rebound in 2015. Recent years from 2018 to 2023 show modest growth, with the value standing at 244.1 thousand metric tons in 2023.
Year-on-year variations reveal minor increases in the past two years, 0.50% in 2022 and 0.41% in 2023. The last five years’ CAGR averaged at 0.17%, signaling steady but slow growth.
Future forecasts indicate a continued gradual increase, with a five-year CAGR of 0.32% and an overall growth rate of 1.63% up to 2028.
Future trends to watch for include potential impacts of global demand shifts, technological advancements, and policy changes affecting the aluminum industry. Sustainability and recycling initiatives could also influence production dynamics.
