Between 2013 and 2023, Indonesia’s import of Electrical and Electronic Equipment showed a dynamic trend with fluctuations in annual growth rates. Starting from a value of 18.109 billion USD in 2013, the market saw dips until reaching a peak of 24.167 billion USD in 2023. The period from 2021 to 2023 experienced a moderate increase in value with a year-on-year variation of 3.28% in 2022 and 3.11% in 2023. The past five years demonstrated a compound annual growth rate (CAGR) of 2.47%, indicating a steady albeit slower-paced growth.
Future trends to watch for include:
- Continued growth with forecasted values reaching 27.978 billion USD by 2028, reflecting a predicted 5-year CAGR of 2.3%.
- Potential impact of technological advancements, policy changes, and global economic conditions on import patterns.
