The import of iron or steel tableware and kitchenware to Indonesia is set to grow steadily from 2024 to 2028. Actual data for 2023 shows that imports stood at $90.563 million USD. In 2024, the forecasted import value is $93.697 million USD, indicating a year-on-year growth of 3.5%. This growth continues in 2025 with a 3.6% increase, reaching $97.112 million USD. The following years maintain a similar trend, with imports forecasted to rise by approximately 3.4%-3.8% annually, culminating in a value of $106.95 million USD by 2028. The compound annual growth rate (CAGR) over the next five years is anticipated to be around 3.4%.

Future trends to watch for:

Shifts in global steel prices, which could significantly impact import costs.
Changes in Indonesia's domestic production capacity and its effect on import dependency.
Fluctuations in consumer demand for kitchenware and lifestyle changes driving market dynamics.
Impact of trade policies and tariffs on the cost and volume of imports.
Advancements in sustainable materials and practices within the industry.