The import volume of Bicycle Frames and Forks and Parts Thereof to Indonesia has shown significant fluctuations over the period from 2013 to 2023. Starting at 7.295 million kilograms in 2013, the import volume grew steadily, reaching 16.162 million kilograms in 2023. The compound annual growth rate (CAGR) over the last five years stands at 2.4%, indicating moderate growth.
In the past two years, the year-on-year variation has been positive, with a growth rate of 3.55% from 2022 to 2023, and 3.36% from 2021 to 2022. Such consistent growth reflects a steady demand in the market. The period between 2016 and 2018 saw significant fluctuations, with a notable dip in 2017 followed by a sharp increase in 2018.
Looking forward, the forecast data from 2024 to 2028 suggests a continued upward trajectory, with the volume expected to reach 18.903 million kilograms by 2028. The forecasted five-year CAGR is 2.46%, reflecting stable growth.
Future trends to watch for include technological advancements and shifts in consumer preferences toward more innovative and sustainable bicycle components. Moreover, global supply chain disruptions and policy changes in trade can also influence import volumes.
