Indonesia's import of lifting, handling, loading, or unloading machinery is projected to grow steadily from 2024 to 2028. As of 2023, the import value stood at 602.5 million USD, reflecting a strong demand in the local market. Year-on-year, the import values are forecasted to rise by approximately 3.1% to 623.65 million USD in 2024, with subsequent increases of around 3.1% to 642.8 million USD in 2025, 2.9% to 661.57 million USD in 2026, 2.8% to 679.96 million USD in 2027, and 2.7% to 697.98 million USD in 2028. The compound annual growth rate (CAGR) over the next 5 years is projected to be around 2.9%.
Looking ahead, future trends to watch for include technological advancements improving machinery efficiency and productivity, potential changes in trade policies affecting import costs, and increasing investments in infrastructure and industrial projects within Indonesia, which may drive further demand for such machinery.
