The import of margarine to Indonesia has seen fluctuating trends over the past years. Starting from a value of 3.6274 million US Dollars in 2013, it experienced a mix of moderate growth and declines before peaking at 6.0926 million US Dollars in 2018. Despite some yearly fluctuations, such as a notable decline in 2020 and a substantial increase in 2021, the overall trend shows a positive trajectory, with a value reaching 7.0201 million US Dollars in 2023. The year-on-year growth varied significantly, notably rising by 46.95% in 2018 and shrinking by 12.64% in 2017. Over the last five years, the Compound Annual Growth Rate (CAGR) averaged at 2.87%.
Future trends to watch for:
- Continuing growth is forecasted, with an expected value reaching 8.4098 million US Dollars by 2028.
- The forecasted 5-year CAGR is 2.84%, indicating steady if moderate growth.
- Key drivers could include economic conditions, domestic production capacity, and changing consumer preferences in Indonesia.
