Forecast: Basic Metals Exports to Thailand by Indonesia

Indonesia's basic metals exports to Thailand stood at 566.79 Million US Dollars in 2023, reflecting a steady increase with a year-on-year growth rate of 1.16%. Over the last two years, the exports have shown variations of 1.2% in 2022 and 1.16% in 2023. The compound annual growth rate (CAGR) for the past five years (2019-2023) stands at a modest 0.63%, indicating a slow but positive trend in trade.

Looking forward, the forecasted data from 2024 to 2028 suggests consistent growth, with exports expected to reach 600.69 Million US Dollars by 2028. The forecasted 5-year CAGR from 2024 to 2028 is projected to be 0.92%, resulting in an overall growth rate of 4.66% over this period.

Future trends to watch for include:

• Global economic conditions that could influence the demand for basic metals.
• Trade policies between Indonesia and Thailand which may affect export dynamics.
• Technological advancements in metal production that could impact supply capacity.
• Fluctuations in the price of metals which could alter trade volumes and values.
• Sustainability and environmental considerations becoming more prominent in trade practices.