From 2013 to 2023, Indonesia's coffee import value showed fluctuations with a noticeable trend of increase post-2017. Standing at $161.43 million in 2023, the import value grew consistently from 2018 onward, despite some annual variability. The year-on-year variations in 2022 and 2023 were modest, at 5.55% and 5.15% respectively. Over the last 5 years, the CAGR was 0.72%, indicating a relatively stable annual growth rate. Forecasted data from 2024 to 2028 predict a continuous increase, with a forecasted 5-year CAGR of 3.57%, reflecting a sustained growth trend.
Future trends to watch for include:
- The impact of global coffee price fluctuations on import value.
- Changes in domestic coffee consumption rates.
- Trade policies affecting coffee imports and exports.