Based on the forecasted data for raw animal fats import volume in Indonesia from 2024 to 2028, the following year-on-year variations are observed:
- 2024 to 2025: (14.43 - 14.25) / 14.25 * 100 ≈ 1.26%
- 2025 to 2026: (14.61 - 14.43) / 14.43 * 100 ≈ 1.25%
- 2026 to 2027: (14.78 - 14.61) / 14.61 * 100 ≈ 1.16%
- 2027 to 2028: (14.95 - 14.78) / 14.78 * 100 ≈ 1.15%
The Compound Annual Growth Rate (CAGR) over the five-year period from 2024 to 2028 is calculated as:
- CAGR ≈ [(14.95 / 14.25) ^ (1/4) - 1] * 100 ≈ 1.21%
This indicates a steady increase in the import volume of raw animal fats in Indonesia.
Future Trends to Watch
Future trends to watch include changes in domestic production capacities, global price fluctuations, and potential trade policy adjustments. Additionally, shifts in consumer preferences toward plant-based fats could alter demand dynamics for raw animal fats.
