The import of copper bars, rods, and profiles to Indonesia has experienced significant fluctuations over the years. From 2013 to 2016, there was a decline in imports, with a sharp drop in 2015. However, the trend reversed in 2017 with a dramatic increase, followed by consistent growth through to 2023, where it stood at 132.62 million USD. Year-on-year variations show substantial volatility, including a notable 136.9% rise in 2017 and a 26.89% increase in 2021. The compounded annual growth rate (CAGR) over the last five years (2018-2023) was 3.87%.
Looking ahead, the forecast data from 2024 onwards predicts a steady increase in imports, with a projected CAGR of 3.26% over the next five years, culminating in a growth rate of 17.38% by 2028.
Future trends to watch for:
- Global market conditions affecting copper prices and availability.
- Economic policies in Indonesia that could influence import activities.
- Technological advancements and sustainable practices in the copper industry.
