In examining the ferroalloys production in Indonesia, the data from 2013 to 2023 revealed an overall growth of 30%, rising from 111.0 to 144.29 thousand metric tons. Notably, the year-on-year variation saw significant fluctuations, such as the considerable drop of -15.33% in 2020, followed by a substantial recovery with a 22.81% increase in 2021. Over the last two years, the production values grew steadily at a rate of approximately 1.8% annually. The compound annual growth rate (CAGR) over the past five years indicates a moderate average increase of 1.94% per year.
Looking ahead, from 2024 to 2028, the production is forecasted to maintain a positive trend, increasing from 147.07 to 157.53 thousand metric tons. This implies a forecasted five-year CAGR of 1.38%, marking an anticipated overall growth rate of 7.11% over the period.
Future trends to watch for include potential impacts of global economic shifts, technological advancements in ferroalloy production, and the influence of policy changes on the industry’s growth trajectory in Indonesia. Attention should be given to sustainability practices and regulatory frameworks that might affect production capacities and market dynamics.
