The export of domestic appliances incorporating electric motors from Indonesia is projected to grow steadily from $16.561 million in 2024 to $18.102 million in 2028. Comparing the forecasted values with the actual figures from 2023, there is a noticeable upward trend. The year-on-year percentage variations are positive, with each year showing incremental growth over its predecessor. Over the last two years, the year-on-year growth percentage has been consistent, suggesting a stable increase in exports. The compound annual growth rate (CAGR) over the five-year period is indicative of moderate but steady growth.
Future trends to watch for include advancements in smart home technology and increased demand for energy-efficient appliances, which could further boost export figures. Additionally, trade policies and bilateral agreements will play a significant role in shaping the export landscape for these products.
