The import value of super-heated water boilers to Indonesia has shown significant variability over the years. Starting from a value of 36.059 million USD in 2013, it grew sporadically to reach 130.71 million USD in 2017. Following a dramatic increase in 2018 to 398.43 million USD, the import value demonstrated a mixed trend with fluctuations between 340.98 million USD in 2019 and 450.92 million USD in 2023. The average annual growth rate (CAGR) over the last 5 years has been around 2.51%, indicating a stable but slow upward trend amid some year-to-year volatility.
Year-on-year variation in recent years shows:
- 2021: 13.17% increase
- 2022: 6.85% increase
- 2023: 6.28% increase
Looking ahead, the forecast suggests a steady growth trajectory with the import value expected to reach 576.75 million USD by 2028. The forecast 5-year CAGR from 2023 to 2028 is projected at 3.88%, translating to an overall growth rate of 20.96% over the period.
Future trends to watch for include technological advancements in super-heated water boilers, increased industrial demand influenced by economic activities, and potential regulatory changes that could impact import volumes. Monitoring global market trends and local industrial needs will provide better insights into further consumption patterns.
