The import of copper and articles thereof to Indonesia has shown fluctuations over the past decade, with 2023 standing at $1.6713 billion. The data between 2013 and 2023 reveals variations with notable declines in 2015, 2016, and 2020, offset by significant increases in years like 2017, 2021, and slight consistent growth towards 2023. On a year-on-year basis, the last two years bring an average increase of around 2.83%. Over the last five years from 2018 to 2023, the CAGR stands at approximately 2.82%, indicating moderate but steady growth.

Future trends to watch for:

Steady growth is expected, with a forecasted 5-year CAGR of 2.07% from 2024 to 2028.
The total forecasted growth rate over the next five years is around 10.76%, reflecting a positive but modest increase.
Keep an eye on global copper prices, technological advancements, and government policies affecting trade and infrastructure development.