The import of parts for steam or vapour generating boilers to Indonesia stood at 60 million kilograms in 2023. Forecasts show a year-on-year increase of 3.4% in 2024, 3.9% in 2025, 3.7% in 2026, 3.5% in 2027, and 3.3% in 2028. The compound annual growth rate (CAGR) over the last five years is projected at approximately 3.6%.
Future trends to watch for include potential shifts in global trade policies affecting boiler part imports, technological advancements in steam or vapour generating boilers, and trends in Indonesia's industrial growth which may influence demand. Monitoring these factors will provide insights into the sustainability of growth in this sector.
