The export value of grape juice from Italy to Indonesia experienced considerable volatility in the last decade. Starting from 2013 with a value of USD 74,000, notable fluctuations were observed, peaking in 2015 at USD 866,000. A substantial decline followed, reaching its lowest point in 2020 at USD 209,000. More recently, from 2021 to 2023, the export value showed a gradual recovery with modest year-on-year increases of 27.75%, 6.74%, and 5.26%, respectively, standing at USD 300,000 in 2023.
Looking ahead, forecasted data suggests a steady albeit moderate increase in export values, with an expected value of USD 335,000 by 2028. The forecasted 5-year compound annual growth rate (CAGR) is 1.76%, indicating a stable growth trajectory after a decade characterized by erratic shifts. Future trends worth monitoring include potential shifts in trade policies, changes in consumer preferences in Indonesia, and broader economic factors impacting both nations.
