Forecast: Import of Fertilizers to Indonesia

Over the past decade, the import of fertilizers to Indonesia has generally shown an upward trend despite some fluctuations. During years like 2014 and 2015, there were notable year-on-year increases of 4.27% and 10.4%, respectively. Conversely, 2016 witnessed a significant drop of 22.67%. Notable increases resumed in 2018 with an 11.84% rise. In the last two years (2022 and 2023), the year-on-year changes were more modest at 1.94% and 1.87%, respectively. As of 2023, the import value stood at $2.053 billion USD. The five-year CAGR leading up to 2023 was 1.51%, indicating steady but moderate growth.

Looking forward from 2024 to 2028, the forecast suggests a continued growth trajectory with a five-year CAGR of 1.44%, resulting in a 7.42% growth rate over this period. Future trends to watch for include potential impacts from global fertilizer market dynamics, changes in Indonesian agricultural policies, and technological advancements in agriculture that could affect the demand for fertilizers.