The forecasted import values of concentrated unsweetened milk and cream to Indonesia are set to steadily rise from $1.1585 million in 2024 to $1.2675 million by 2028. In 2023, the actual import value stood at $1.1307 million. Year-on-year percentage variations for the forecasted years show consistent growth: 2025 is projected to increase by 2.4% from 2024, 2026 by 2.3% from 2025, 2027 by 2.2% from 2026, and 2028 by 2.1% from 2027. Over a five-year horizon, the compound annual growth rate (CAGR) stands at 2.3%, indicating a stable yet gradual increase in import values.
Future trends to watch for include:
- Changes in domestic production capabilities, which might reduce dependency on imports.
- Fluctuations in global milk and cream prices, influencing import costs.
- Economic factors such as inflation and currency exchange rates, potentially affecting purchasing power.
- Shifts in consumer preferences towards local or alternative dairy products.
- Trade policies and agreements that could impact import and export tariffs.
