Forecast: Gold Production in Indonesia

Gold production in Indonesia showcased significant fluctuations between 2013 and 2023. Starting at 59.8 thousand kilograms in 2013, it witnessed a substantial increase by 2015, reaching 97.0 thousand kilograms. Production peaked at 100.0 thousand kilograms in 2016 but remained largely stable between 2017 and 2019, averaging above 95 thousand kilograms. However, a notable decline occurred in 2020, dropping to 78.89 thousand kilograms. The subsequent recovery peaked at 99.67 thousand kilograms in 2021 before stabilizing around 94.68 thousand kilograms in 2023. Year-on-year variations show volatility, with significant growths and drops at different intervals. The CAGR for the last five years (2018-2023) remains nearly stable, indicating minimal average annual variation.

Future projections until 2028 suggest a steadiness in gold production around 94 thousand kilograms, with a slight declining trend, averaging a forecasted 0.12% annual decrease. This indicates long-term stability but continuous marginal reductions, emphasizing the industry's consolidation phase.

Key future trends to watch for include:

- Technological advancements in gold extraction

- Regulatory changes

- Global gold prices

- Exploration and discovery of new reserves

- Shifts in operational costs and investment in the mining sector