The import of oranges to Indonesia is forecasted to significantly decline from 2024 to 2028. In 2023, the import volume stood at 7.1234 million kilograms. Year-on-year variations show a consistent decrease: 2024 by -13.23%, 2025 by -14.48%, 2026 by -16.58%, 2027 by -19.50%, and 2028 by -23.74%. The Compound Annual Growth Rate (CAGR) from 2024 to 2028 is -17.88%, indicating a substantial average annual decline over this period.
Future trends to watch for:
- Changes in domestic orange production and potential enhancements in agricultural practices could further impact import volumes.
- Trade policies, tariffs, and bilateral agreements affecting fruit imports may alter the trend.
- Shifting consumer preferences towards locally produced fruits or other fruits could also influence import volumes.
- Economic factors such as inflation rates and currency exchange fluctuations affecting purchasing power and import costs.