The import of Rare-Earth Metals, Scandium, and Yttrium to Indonesia has shown significant growth since 2013, with notable year-on-year variations. In 2023, the import value stood at 141.27 thousand US dollars. Over the last two years, imports increased at a rate of 4.67% and 5% respectively. The 5-year compound annual growth rate (CAGR) leading up to 2023 was 4.88%. Moving forward, the forecasted CAGR from 2024 to 2028 is 3.28%, indicating a continued but moderate growth trajectory.
Future trends to watch:
- Pace of technological advancements utilizing rare-earth elements
- Environmental regulations and policies affecting mining and supply
- Global trade dynamics and geopolitical influences
- Development of alternative materials and recycling technologies
