The import of copper chain and parts thereof to Indonesia has shown significant fluctuations over the past decade. From 2013's value of $596.79 thousand, the import value decreased consistently until 2017 when it spiked dramatically by 456.7% to $1407.1 thousand. The values remained relatively stable between 2018 and 2021, with minor fluctuations. By 2022, the imports stood at $1624.4 thousand, marking a consistent upward trend. Notably, 2023 saw a value of $1709.6 thousand with a year-on-year variation of 5.24%. Over the last five years, the compound annual growth rate (CAGR) has averaged at 5.38%. For the upcoming years forecast suggests a steady growth with an anticipated 3.62% CAGR, reaching around $2154.4 thousand by 2028.
Future trends to watch for include potential impacts of global copper demand and economic policies in Indonesia. Industry advancements and shifts toward sustainable materials may also influence future import values.
