Key Market Indicators
The import of DC motors in Indonesia is projected to reach $10.9 million by 2028, up from $10.6 million in 2023. This marks a modest compound annual growth rate (CAGR) of 0.4%. Since 1994, the demand for DC motors in Indonesia has grown consistently at an annual rate of 6.2%. In stark contrast, Indonesian exports of DC motors are experiencing a significant decline. In 2023, exports were valued at approximately $126,000, a sharp drop from $192,000 in 2022, reflecting a 34.5% decrease year on year. Since 1997, the country's supply of DC motors has dwindled by an average of 25.2% annually. In 2023, Indonesia ranked 59th in the global export market for DC motors, with Azerbaijan just ahead at the same export value of $126,000. Germany, the United States, and France were the top three exporters, respectively.
