Over the period from 2013 to 2023, the import of electric motors and generators to Indonesia exhibited notable fluctuations. From a value of 432.92 million USD in 2013, imports peaked at 524.72 million USD in 2023, reflecting a steady increase, with a year-on-year growth rate of 2.9% in 2023. Over the last five years, the compound annual growth rate (CAGR) was 2.06%, indicating moderate and relatively stable growth despite periods of decline.
From 2024 onwards, forecasted data suggests a continuous upward trajectory with a projected yearly growth rate averaging 2.16% up to 2028, culminating in an 11.28% overall increase by 2028.
Future trends to watch for:
- Technological advancements in electric motors and generators, focusing on energy efficiency.
- Policy and regulatory changes influencing import tariffs and local manufacturing.
- Increased demand driven by industrial growth and infrastructure projects.
- Global supply chain disruptions impacting import volumes and prices.
