Based on historical data, Indonesia's hydraulic cement production saw considerable fluctuations over the past decade. Production increased from 56.69 million metric tons in 2013 to a projected 79.71 million metric tons in 2023. The production peak was in 2022 with 77.73 million metric tons, before a slight increase of 2.55% in 2023. This was marked by significant variances, particularly with declines in 2019 and 2020.
Key historical variations show a peak year-on-year growth of 17.66% in 2021, contrasting with earlier periods of decline like -12.05% in 2020. The Compound Annual Growth Rate (CAGR) has seen a general downward trend, shrinking from 8.99% in 2014 to 1.17% in 2023.
Looking forward, forecast data suggests a steady increase in production, rising to 89.84 million metric tons by 2028. The forecasted 5-year CAGR of 1.94% indicates moderated growth, translating to an overall 10.07% increase between 2023 and 2028.
Future trends to watch for include:
- Technological advancements enhancing production efficiency.
- Government policies impacting infrastructure projects.
- Global economic conditions influencing material demand.
- Environmental regulations shaping production practices.
