Import of Electrical Signalling and Traffic Control Equipment to Indonesia has exhibited significant fluctuations over the past decade. The period from 2013 to 2023 saw periods of intense growth and abrupt contractions, peaking notably in 2017 and demonstrating a considerable decline in 2020. The import value stood at $54.226 million USD in 2023, reflecting a modest 4.53% year-on-year increase and an average annual growth rate (CAGR) of 8.1% over the previous five years. Anticipated projections from 2024 to 2028 suggest a steady, albeit moderate, growth trend with a forecast CAGR of 3.3%, culminating in a 17.61% growth over the five-year forecast period.
Future trends to watch for:
- Technological advancements: New developments in traffic control technology could influence import values.
- Government policies: Changes in infrastructure investment and regulation could impact import trends.
- Market demand: Fluctuations in demand for smart city solutions may drive import volumes.