The import of marine propulsion diesel engines to Indonesia experienced significant fluctuations between 2013 and 2023, with the value standing at USD 97.838 million in 2023. The year-on-year variation in 2023 was 1.68%, indicating relatively stable growth in recent years. The CAGR over the last five years was 2.81%, suggesting steady expansion. However, the import values fluctuated over the decade, reflecting periods of both sharp decline and substantial growth.
Future trends to watch for include the forecasted gradual increase in import values, culminating in USD 106.02 million by 2028. This is consistent with a forecasted 5-year CAGR of 1.32%, pointing towards a stable growth trajectory and a forecasted 5-year growth rate of 6.79%. Key factors to monitor will include technological advancements, regulatory changes, and shifts in global marine industry dynamics.
