Indonesia's corn import forecast shows a steady year-on-year growth from 2024 to 2028. Starting at 1.01 million metric tons in 2024, it is projected to rise incrementally by approximately 1% each year, reaching 1.05 million metric tons by 2028. The forecasted figures present a consistent annual increase, indicating a stable upward trend in corn imports.
Based on these forecasted values, variations over the last two years (2027 vs. 2026) show a 0.97% increase, which aligns with the broader trend observed. The CAGR for the five-year period from 2024 to 2028 will be 0.97%, reflecting modest but steady growth in corn imports over the longer term.
Future trends to watch for:
- Agricultural policy changes and their impact on local corn production and farming incentives could alter import needs.
- Global corn market fluctuations and trade policies will significantly impact import volumes and prices.
- Technological advancements in agriculture and changes in domestic consumption patterns could influence future import requirements.
