The import of unrefined copper, copper anodes, and electrolytic copper refining to Indonesia has shown fluctuating trends from 2013 to 2023. In 2023, the import volume stood at 83.32 thousand kilograms. There was a significant drop in 2014 and considerable growth in 2015, followed by varying annual changes in subsequent years. Notably, the past two years experienced slight declines of -1.38% in 2022 and -1.37% in 2023. The compound annual growth rate (CAGR) for the past five years was -3.76%, indicating an overall decreasing trend.
Looking ahead, the forecast for the next five years predicts a continuous gradual decline with a CAGR of -1.19%. By 2028, it is anticipated that the import volume will decrease to 77.29 thousand kilograms, representing a 5.81% reduction compared to 2024.
Future trends to watch for:
- Potential changes in global copper prices which could impact import volumes.
- Shifts in Indonesia's domestic copper production and refinement capabilities.
- Technological advancements in copper recycling and alternatives that might reduce reliance on imports.
- Trade agreements and international relations influencing import policies.
