Forecast: Agricultural Raw Materials Imports in Indonesia

Indonesia's agricultural raw material imports experienced variability from 2013 to 2023, peaking in 2017 and showing a declining trend from 2018 onwards. The data in 2023 indicates that imports were 2.38 units of goods exports. Over the last two years, percentage changes indicate slight declines and modest growth, with the most recent year-on-year variation at 0.21%. The compound annual growth rate (CAGR) over the last five years was -3.81%, reflecting an overall downward trend in recent years. Forecasts for 2024 to 2028 suggest stability with a minor growth rate of 0.13% CAGR.

Future trends to monitor:

  • Changes in global agricultural commodity prices and their impact on import levels.
  • Policy shifts towards self-sufficiency in agricultural production in Indonesia.
  • Technological advancements in agricultural productivity that might affect import needs.
  • Fluctuations in domestic demand for raw materials driven by economic changes.

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