The metals consumption in Indonesia experienced a consistent increase from 2013 to 2016, peaking at 10.15 units in 2016. This was followed by a fluctuating trend, with highs in 2018 and subsequent declines. The year-on-year variation over the last two years showed slight declines of 0.31% each year. By 2023, the metals consumption stood at 9.52 units. The last five years have seen an average annual decline (CAGR) of 2.44%, reflecting a slowing market.

Future trends to watch for:

Indonesia’s economic recovery post-pandemic and its impact on industrial production and construction.
Possible policy changes or infrastructure projects by the government that could spur increased metals demand.
Global commodity prices and their impact on domestic consumption patterns.
Emerging technologies and innovations that could drive efficiency and potentially lower consumption rates.