Indonesia's exports of ores and metals exhibited a mixed trend from 2013 to 2023. After dropping significantly in 2014, the values showed intermittent recovery with the overall compound annual growth rate (CAGR) reflecting slight improvement. The highest value recorded during this period was in 2022, followed by a minor decline in 2023.
Over the past two years, there was a notable year-on-year increase of 24.8% in 2022, but this was followed by a 10.38% decline in 2023. The five-year CAGR from 2019 to 2023 was 1.97%, indicating modest growth.
Starting 2024, the forecasts suggest a steady yet negligible increase, with the CAGR for the next five years projected at 0.15%, translating to a growth rate of 0.77% by 2028.
Future trends to watch for:
- Global demand for ores and metals, influenced by industrial and technological advancements
- Indonesia's policy shifts impacting export regulations and mining industry operations
- Potential economic impacts from geopolitical factors and trade agreements
- Technological innovations in mining and export logistics
- Environmental policies shaping sustainable mining practices
