Forecast: Import of Lithium Oxide and Hydroxide to Indonesia

In 2023, the import value of Lithium Oxide and Hydroxide to Indonesia stood at 3.7086 million USD. Over the past two years, there has been a positive growth trend with year-on-year variations of 0.12% in 2022 and 4.77% in 2023. The last five years show a compound annual growth rate (CAGR) of 7.47%. From 2013 to 2023, a pattern of significant fluctuations is evident, with periods of both high growth and declines.

Looking at the forecast from 2024 to 2028, the import value is expected to steadily increase, culminating at 4.6013 million USD by 2028. The forecasted CAGR for the next five years is 3.33%, suggesting a stable growth trajectory with an expected overall growth rate of 17.8% over this period.

Future trends to watch for include:

• Technological advancements in battery production.
• Shifts in global demand for electric vehicles.
• Government policies on green energy and imports.
• Fluctuations in global lithium prices impacting import costs.