Forecast: Coal Production in Indonesia

From 2013 to 2023, coal production in Indonesia has shown some volatility, with highs in 2013 and a notable dip around 2016-2017. However, starting from 2018, there has been a significant upward trend, with a clear peak noted in 2023 at 14.41 Exajoules. The year-on-year variation over the last two years stood at 10.04% in 2022 and 3.28% in 2023. The Compound Annual Growth Rate (CAGR) over the last five years is 4.72%, indicating consistent growth despite some annual fluctuations.

Future trends to watch for include a forecasted CAGR of 2.67% from 2023 to 2028, suggesting that while growth will continue, it will do so at a slower rate. This slower rate of increase may be influenced by global shifts towards renewable energy and environmental regulations, as well as domestic policy changes in Indonesia.