Forecast: Import of Gas Turbine Engine to Indonesia

The import of gas turbine engines to Indonesia has experienced fluctuations over the years, with significant yearly variations. Specifically, between 2013 and 2017, there was a notable decline, but from 2018 onwards, the values stabilized with a slight upward trend. The value in 2023 stood at approximately 408.08 million USD. Over the last two years, there was an average yearly increase of about 0.59%. The five-year CAGR leading up to 2023 was around -1.23%. Looking forward to the period between 2023 and 2028, the average annual growth rate is forecasted to be around 0.47%, with an overall growth rate of 2.37% over these five years.

Future trends to watch for include:

  • The sustained demand for energy and its impact on gas turbine engine imports.
  • Technological advancements leading to more efficient and potentially cost-effective gas turbines.
  • Government policies and investments in energy infrastructure affecting import levels.
  • Global economic factors and their influence on Indonesia's trade dynamics.

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