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- (-) December 2015
- (-) Indonesia
- (-) Saint Vincent and the Grenadines
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Indonesia faces economic challenges in 2015 and 2016. Bank Indonesia expects growth at approximately 4.7 – 5.1 percent in 2015 and 5.2-5.6 percent in 2016.
Over the past 12 years (2003-2014) U.S. exports of consumer-oriented products and fish products to the Caribbean have averaged over nine percent annual growth, surpassing the $1 billion mark in 2014.
The Indonesian food processing industry will serve a population of 255 million in 2016 and offer significant market potential for U.S. food and ingredient suppliers.
Favorable cotton prices relative to synthetic fiber prices, combined with the expansion of large mills, have led to higher imports and consumption of cotton in MY 2014/2015.
Indonesia is experiencing an El Nino event characterized by atypical dryness throughout much of its palm oil production regions.