The import of parts of aircraft and spacecraft to Indonesia has experienced fluctuating trends between 2013 and 2023. Notably, there were significant peaks and troughs, with a remarkable increase of 90.16% YoY in 2013 followed by a steep decrease of -62.75% in 2014. Afterward, the imports generally stabilized, showing moderate fluctuations with an average CAGR of 4.04% over the last five years leading up to 2023, where the value stood at 736.1 million USD. Additionally, the import values since 2023 have been projected to increase consistently with a forecasted five-year CAGR of 2.23%, suggesting gradual growth.
Future trends to watch for include:
- Technological advancements in the aerospace sector, potentially boosting import needs.
- Geopolitical and economic factors affecting global trade policies and import tariffs.
- Increasing domestic production capabilities in Indonesia, possibly reducing future imports.
- Shifts in aerospace demand driven by changes in tourism and air travel post-pandemic recovery.
