Import of electric cooking, grilling, and roasting equipment to Indonesia has seen fluctuating trends over the years. In 2023, the import value stood at 621.66 thousand USD. Noteworthy is the consistent growth in recent years, marked by a year-on-year increase of 2.99% in 2023, following a 3.14% increase in 2022. This suggests a steady rebound post the comparative stagnation between 2019 and 2020.
The compounded annual growth rate (CAGR) has varied significantly depending on the period analyzed. The recent 5-year CAGR before 2024 is observed at 2.3%, revealing modest growth. However, the forecast for 2024 to 2028 predicts a CAGR of 2.22%, indicating a slight but steady upward trend.
Future trends to watch for:
- Increased consumer demand for innovative and energy-efficient kitchen appliances.
- Potential impact of global supply chain disruptions on import volumes.
- Changes in import tariffs and government policies affecting international trade.
- Rising middle-class population in Indonesia driving higher consumer spending on premium kitchen equipment.
