The import of table knives to Indonesia has shown significant fluctuations over the past decade. From 2013 to the present year 2023, the volume increased, starting at 352.1 thousand kilograms and reaching 1077.2 thousand kilograms. This indictaes an overall positive trend, with particularly notable growth periods in 2015, 2016, and consistently in recent years just shy of the pandemic dip in 2020. The decline in 2018 and steady recovery post-pandemic in 2021 and 2022 are significant observations.
In terms of year-on-year variations, the past two years (2022 and 2023) have shown modest increases of 3.99% and 3.76% respectively. The five-year CAGR from 2018 to 2023 stands at 6.28%, indicating a robust average annual growth despite earlier volatility.
Forecast data predicts a gradual yet steady increase in imports, reaching 1281.2 thousand kilograms by 2028, with a five-year forecast CAGR of 2.72% and a cumulative growth rate of 14.39%. Future trends to watch for include potential impacts of economic policies, global trade dynamics, and shifts in consumer demand within Indonesia.
