The import value of preparations and charges for fire extinguishers to Indonesia has shown varying trends. From 2013 to 2023, the value fluctuated, hitting a low in 2016 and peaking in 2023 at 8.0678 million US dollars. Notably, there was significant growth of 36.09% in 2017 followed by a stabilization period with minor fluctuations. The year-on-year variation for 2022 and 2023 was 8.01% and 2.49% respectively, indicating a gradual recovery. The Compound Annual Growth Rate (CAGR) for the most recent five years (until 2023) stands at 2.51%.
Looking forward, the forecast from 2024 suggests a consistent growth with a 5-year CAGR of 1.9%, reaching 9.0704 million US dollars by 2028. This represents an estimated overall growth rate of 9.86% over the forecast period.
Future trends to watch for include technological advancements in fire safety, regulatory changes, and economic conditions affecting industrial and commercial development in Indonesia.
