Forecast: Import of Domestic Electric Coffee or Tea Makers to Indonesia

The import of domestic electric coffee or tea makers to Indonesia showed a significant upward trend from 2013 to 2023. In 2023, the import value stood at $16.655 million. Over the long term, the market saw high fluctuations: soaring in 2017 by 132.71%, stabilizing with modest growth later on. In 2022, the market grew by 6.01%, with a year-on-year increase of 5.56% in 2023. The compounded annual growth rate (CAGR) for the past five years was 3.9%, indicating a steady yet slower growth trajectory recently.

Future trends to watch for:

  • Continued steady growth, with a forecast 5-year CAGR of 3.5%.
  • Increasing consumer interest in premium and smart coffee/tea-making appliances.
  • Potential market developments driven by changing consumer lifestyles and a growing middle class.

Top Countries about Coffee Machine