The exports of electric transformers and static converters from Indonesia have shown significant fluctuation over the years. In 2023, the value stood at 405.52 million USD, reflecting a marginal year-on-year decrease of 0.4%. Over the past two decades, the year-on-year variations have ranged widely, with notable increases such as 26.91% in 2017 and significant declines like -22.35% in 2018. The average variation per year (CAGR) over the last five years has been relatively stable at -0.34%, indicating a slight decline trend.
For future trends, it's important to monitor:
- The impact of global economic conditions on trade volumes.
- Technological advancements in electric transformers and static converters.
- Government policies and regulations affecting the export market.
- Competitive dynamics within the international market.
