The import of monolithic integrated circuits, except digital, to Indonesia has displayed fluctuations over the past years. The actual value stood at $1.72 billion in 2023. Notable variations included a significant dip in 2020 with a year-on-year decrease of 14.95%, followed by a substantial recovery in 2021 with a 23.33% increase. The last five years’ compound annual growth rate (CAGR) is recorded at 2.37%. The forecasted CAGR over the next five years is projected at 1.66% with an expected overall growth rate of 8.57% by 2028.
Future trends to watch for:
- Advances in semiconductor technology will likely drive import growth.
- Global supply chain stability and geopolitical factors could impact trade volumes.
- Indonesia's expansion in electronic manufacturing and increased demand for consumer electronics may further boost imports.
