The import of spark-ignition internal combustion engines to Indonesia has experienced significant fluctuations over the past decade. Notably, there was a substantial drop in 2016 and 2017, with values declining by 44.93% and 6.89%, respectively. However, 2018 showed a strong recovery with a 97.56% increase. The years that followed saw variations, with minor decreases in 2019 and 2020. By 2023, the import value stood at 270.46 Million US Dollars, representing a modest year-on-year growth of 1.43%. The five-year CAGR leading up to 2023 was slightly negative at -1.45%, indicating a challenging period overall.
Future trends suggest a steady growth in imports, with forecasted values increasing year-on-year from 2024 to 2028. The projected five-year CAGR stands at 1.12%, translating to a 5.74% growth rate by 2028. Watching for economic policies, automotive industry innovations, and global trade dynamics will be crucial to understand future fluctuations in this market.
