The import of microwave ovens to Indonesia in 2023 stood at 1.719 million kilograms. From 2013 to 2023, imports exhibited a steady upward trend despite occasional fluctuations. Notable year-on-year variations included a decline of 2.82% in 2014 followed by a rebounding 12.24% increase in 2017. The 5-year CAGR leading up to 2023 was 2.58%, highlighting gradual growth.
Future growth is forecasted at an average annual rate (CAGR) of 2.05% over the next five years, reaching 1.9577 million kilograms by 2028. This represents a 10.66% cumulative increase, indicating steady yet moderate growth ahead.
Future trends to watch for include potential market saturation impacting growth rates, economic factors influencing purchasing power, and technological advancements in microwave oven features driving demand.
