In 2023, the import volume of master alloys of copper to Indonesia stood at 117.1 thousand kilograms. Over the past two years, the year-on-year variations were 2.8% in 2022 and 2.67% in 2023, showing a stable growth trend. The compound annual growth rate (CAGR) over the last five years was 3.15%, indicating a modest but consistent increase.
Looking into the future, forecasts suggest the volume will reach 133.02 thousand kilograms by 2028, reflecting a 5-year growth rate of 10.44% and a forecasted CAGR of 2.01%. This indicates a positive outlook but at a slightly slower growth pace compared to the recent past.
Future trends to watch for include:
- The impact of global copper prices on import volumes.
- Indonesia's industrial demand for copper alloy products.
- Potential trade policies and tariffs affecting import dynamics.
