The import of passenger and goods transport ships and boats to Indonesia stood at USD 926.32 million in 2023. Over the past decade, the import values have exhibited significant fluctuations. After a notable decrease in 2015, the market recovered with a 73.77% increase in 2016 and further growth in several subsequent years, reaching a peak of USD 919.03 million in 2018. The market experienced a slight dip due to the pandemic in 2020 but has shown steady recovery since 2021. The average annual growth rate (CAGR) over the last five years is 0.16%. Forecast data suggests a consistent upward trend through 2028 with a forecasted CAGR of 1.26%.
Future trends to watch for:
- Impact of global economic policies on import values.
- Technological advancements in maritime transportation.
- Indonesia's infrastructure development plans and their impact on demand.
- Changes in environmental regulations affecting the shipping industry.
- Regional trade agreements and their influence on import volumes.
