Indonesia's iron and steel pipe imports surged throughout 2017. The Central Bureau of Statistics recorded a 66.4% jump in the volume of iron and steel pipe imports, reaching 542,000 tons. Similarly, the value increased by 51.74% to US$815 million, equivalent to Rp 10.85 trillion.
Imports of iron and steel pipes had declined from 2014 to 2016. The steepest decline occurred in 2015, coinciding with the sharp drop in crude oil prices to below US$30/barrel in early 2016. The halt of oil and gas projects and the economic slowdown resulting from the falling oil prices led to a decrease in demand for iron and steel pipes.
In 2017, demand for iron and steel pipes saw significant growth, driven by the proliferation of infrastructure development projects throughout the country.
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