In 2023, the import of starter motors to Indonesia stood at 41.673 million US Dollars. Forecasted data from 2024 to 2028 shows a declining trend: 40.989 million USD in 2024, 40.338 million USD in 2025, 39.7 million USD in 2026, 39.075 million USD in 2027, and 38.462 million USD in 2028.
Year-on-year variation demonstrates a consistent downward trend over the forecasted period:
- 2024: -1.64% compared to 2023.
- 2025: -1.59% compared to 2024.
- 2026: -1.58% compared to 2025.
- 2027: -1.57% compared to 2026.
- 2028: -1.57% compared to 2027.
The compound annual growth rate (CAGR) from 2024 to 2028 is calculated at -1.59%, indicating an average annual decline over the five-year period.
Future trends to watch for include technological advancements in starter motors that may impact import levels, a potential increase in local manufacturing capabilities, and macroeconomic factors such as changes in tariffs or trade policies that could influence import dynamics.
