In 2023, the import of complete and assembled mechanical clock movements to Indonesia stood at 61.2 thousand kilograms. Moving into the forecast period from 2024 to 2028, there is a very slight decreasing trend observed. The forecast for 2024 is 61.2 thousand kilograms, gradually declining each year to 60.87 thousand kilograms by 2028. The year-on-year variation shows a minimal annual decrease of approximately 0.13% from 2024 to 2025 and similar minor decreases in the subsequent years. The Compound Annual Growth Rate (CAGR) from 2024 to 2028 is effectively negligible, underscoring a marginal decline in volume.
Future trends to watch include potential shifts in demand driven by technological advancements, consumer preferences toward smart clocks, and economic variables such as tariffs and exchange rates which could impact import volumes. Keeping an eye on competitor countries' export capabilities and changes in Indonesia's domestic manufacturing capabilities will be critical for understanding future market dynamics.
