The import of pipe and tube fittings of refined copper to Indonesia exhibited significant fluctuations between 2013 and 2023. The volume in 2023 was 394.99 thousand kilograms. Initially, from 2013 to 2014, there was a substantial drop of 35.07%. This was followed by an increase of 58.45% in 2015. The trend continued with a notable surge of 158.9% in 2017 and a sharp decline of 49.46% in 2018. The period from 2019 to 2023 saw moderate growth with occasional drops, culminating in a year-on-year increase of 3.38% in 2023. The last five years (2019 to 2023) show an average annual growth rate (CAGR) of approximately 7.96%.
Looking forward, forecasts suggest a steady upward trend with an expected growth rate of 13.03% over the next five years (2024-2028) and a forecasted annual growth rate (CAGR) of 2.48%. Future factors to consider will include technological advancements, infrastructure investments, and potential policy changes impacting import regulations and trade agreements.
