The import of Vitamin A to Indonesia showed significant variability over the last decade. From 2013 to 2023, there were periods of substantial growth and some declines. Notably, 2018 experienced a spike with a year-on-year growth of 127.83%. As of 2023, the import stood at 45.987 Million US Dollars, reflecting a modest year-on-year growth of 5.32%. The Compound Annual Growth Rate (CAGR) over the past five years up to 2023 was 2.45%. Forecasts for the next five years anticipate a consistent upward trend, with a 5-year CAGR of 3.32% projecting the import value to reach 57.017 Million US Dollars by 2028.
Future trends to watch for include:
- Potential market disruptions or enhancements in supply chain logistics
- Innovations in Vitamin A formulations and their impact on import quantities
- Regulatory changes or economic factors influencing the demand for imported vitamins
