The import of animal feed to Indonesia showed fluctuations from 2013 to 2023. Starting at $568.4 million in 2013, the value fell to $402.93 million in 2023, showcasing a volatile trend with a significant dip in 2018. The year-on-year variation peaked at 17.45% in 2013 and dropped to -0.059% by 2023. Over the last five years leading up to 2023, the compound annual growth rate (CAGR) averaged 3.97%, indicating moderate growth despite yearly fluctuations.
From 2024 onwards, the forecast predicts a declining trend, with the value expected to reach $401.69 million by 2028. The forecasted five-year CAGR stands at -0.05%, suggesting a slight contraction. The forecasted five-year growth rate from 2024 to 2028 is anticipated to be -0.24%.
Future trends to watch for include global supply chain disruptions, changes in trade policies, and shifts in domestic agricultural productivity, which could impact the import volumes and values of animal feed to Indonesia.
