Forecast: Import of Lithium Carbonates to Indonesia

The import of lithium carbonates to Indonesia has experienced significant fluctuations over the past decade. From 2013 to 2017, imports increased dramatically, culminating in a peak in 2017. However, from 2018 onwards, the trend showed considerable volatility. Despite periodic reductions, the overall trend from 2013 to 2023 was upward. In 2023, imports stood at $811.7 thousand. The last two years saw minor year-on-year increases at 2.79% and 2.63%, respectively. Over the last five years, the annual growth rate settled at a Compound Annual Growth Rate (CAGR) of 15.37%, indicating a stabilizing trend albeit at a more moderate pace.

Future trends to watch for in the import of lithium carbonates to Indonesia include potential shifts in global lithium supply and demand dynamics, advancements in battery technology, and Indonesia’s policies towards electric vehicle production, as these factors may significantly influence import volumes and values.

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