The import of buses to Indonesia stood at 106.31 Million US Dollars in 2023, an increase of 4.22% from the previous year. The historical data shows fluctuating trends with notable variations, such as the steep decline of 35.56% in 2014 and the significant growth of 52.29% in 2016. Over the last five years leading up to 2023, the import CAGR has averaged at 3.72%. As for the future, from 2024 onwards, steady growth is forecasted, with an expected CAGR of 3.03% and a five-year growth rate of 16.08% by 2028.

Key points to observe:

2013-2023 shows substantial fluctuations with peaks and troughs in demand.
Year 2022 saw a robust import value of 102.01 Million US Dollars, up by 9.99% year-on-year.
Imports in 2023 reached 106.31 Million US Dollars, marking a smaller but steady increase of 4.22%.

Future trends to watch for include:

Potential policy changes and economic conditions impacting bus imports.
Technological advancements in electric and hybrid buses which may influence demand.
Infrastructure developments and urbanization trends that could boost the need for public transport buses.