The import of parts of hydraulic turbines and water wheels to Indonesia experienced fluctuating volumes over the past decade, with a notable low in 2016 and a recovery phase until 2023. The import volume in 2023 stood at 1.588 million kilograms, marking a consistent increase over the past few years. The year-on-year variation for the last two years shows steady growth with 2.87% in 2022 and 2.74% in 2023. The Compound Annual Growth Rate (CAGR) for the last five years stands at 2.05%, indicating moderate but stable growth.
Future trends to watch for include:
- Technological advancements in hydraulic turbine and water wheel components.
- Government policies and investments in renewable energy infrastructure.
- Market demand trends across sectors dependent on hydroelectric power.
