The import of railway, tramway locomotives, and rolling stock to Indonesia experienced notable fluctuations from 2013 to 2023. Starting from a high value in 2013, the imports saw a significant drop in 2014 but then had some periods of recovery and decline. Notably, the year-on-year variation between 2022 and 2023 showed a modest increase of 4.17%, bringing the value to 391.59 million US dollars in 2023. This stabilization contrasts with the substantial changes in previous years, including a sharp decline in 2020 and subsequent recovery.
The five-year Compound Annual Growth Rate (CAGR) leading up to 2023 was 1.43%, indicating moderate growth. The forecasted imports from 2024 onward suggest a steady upward trend, with predicted values reaching 473.56 million US dollars by 2028, reflecting a forecasted five-year CAGR of 2.98% and an overall growth rate of 15.83%.
Future trends to watch for include:
- Infrastructure development: Increased investments in railway infrastructure could drive higher imports.
- Technological advancements: Adoption of more advanced and efficient rolling stock could influence import volumes.
- Policy changes: Government policies aimed at boosting public transport can significantly impact future import trends.