The import of ships, boats, and other floating structures to Indonesia stood at 1.3217 billion US dollars in 2023. Analyzing the past decade, the market has experienced significant fluctuations. From 2013’s low to the considerable drop in 2016 and a sharp plunge in 2020, followed by a robust recovery in 2021. Recent years (2022-2023) have shown stability with slight year-on-year increases of around 0.5%. Import values are expected to continue a steady growth trajectory from 2024 onwards with a five-year CAGR forecast of 0.41%.
Future trends to watch for include potential influences from global economic shifts, advancements in maritime transport technology, and Indonesia's policies on infrastructure development and maritime investments. Staying attuned to these developments could better guide expectations and strategies moving forward.
