The import of domestic appliances incorporating electric motors to Indonesia displayed fluctuating trends from 2013 to 2023. Beginning with a value of 62.614 million USD in 2013, there was substantial volatility with occasional year-on-year growths and declines. Significant annual increases noted in specific years (e.g., 2016, 2018), whereas others saw declines or minimal growth. Notably, from 2021 to 2023, the imports showed modest positive growth, moving from 97.897 million USD in 2021 to 105.85 million USD in 2023. The most recent 5-year CAGR stood at 3.3%, indicating a stable but slower growth trend in recent years.
Future trends to watch for include:
- Sustained yet modest growth in imports, projected to reach 126.43 million USD by 2028, reflecting a forecasted 5-year CAGR of 2.79%.
- Potential impacts of economic policies and shifts in consumer demand towards energy-efficient and innovative appliances.
- Influences of global supply chain dynamics and technological advancements in the sector.