The import of refined copper and copper alloys to Indonesia experienced various fluctuations over the past decade, standing at 906.41 million USD in 2023. From 2021 to 2023, the year-on-year variation shows a moderate growth trend of around 2.65%. However, looking at the longer timeline, the annual imports increased overall with a notable CAGR of 3.34% from 2018 to 2023. The forecast indicates continued growth, with expected CAGR of 1.99% from 2024 to 2028, leading to an estimated value of 1028.8 million USD in 2028. Over the period, historical data shows significant year-on-year variations, including sharp declines and spikes reflecting market volatility.
Future trends to watch for include:
- Global copper price fluctuations and their impact on import values.
- Changes in Indonesian domestic copper production capabilities.
- Geopolitical developments affecting trade policies and tariffs.
- Technological advancements driving demand for copper-dependent industries.
