Forecast: Import of Copper Cathodes and Sections of Cathodes Unwrought to Indonesia

From 2013 to 2023, the import value of copper cathodes and sections of cathodes unwrought to Indonesia has experienced fluctuations, with values ranging from $622.45 million in 2016 to $860.35 million in 2023. Notable peaks were observed in 2017 and 2021, registering year-on-year increases of 24.46% and 24.13% respectively, while significant dips included a 14.8% decrease in 2016 and a 14.36% reduction in 2020. Over the last two years specifically (2021-2023), the year-on-year variation was relatively stable, increasing by around 2.74% to 2.88%. The 5-year CAGR leading up to 2023 was recorded at 3.53%, indicating steady albeit cautious growth.

Looking ahead, forecast data from 2024 to 2028 predicts a consistent upward trend, with the value expected to reach $980.31 million by 2028. The forecasted 5-year CAGR stands at 2.05%, and the forecasted 5-year growth rate is 10.7%. Future trends to watch for include potential impacts from global copper pricing, Indonesia's domestic demand for industrial and manufacturing applications, and macroeconomic factors influencing trade policies and international supply chains.