Between 2013 and 2023, the import of aircraft parts to Indonesia experienced periods of significant fluctuations. Particularly, after a high value in 2013, imports dropped sharply in 2014 before rebounding in 2015. From 2016 onwards, the market showed a more stable growth trend with slight year-on-year variations.
In 2023, the import value stood at 709.29 million US dollars, indicating a 3.22% year-on-year increase from 2022. The recent five-year CAGR is 4.38%, reflecting moderate growth over the period. Forecasts suggest a continuance of this upward trend, with projected 5-year average annual growth at 2.39%, accumulating to a 12.54% increase by 2028.
Future trends to watch for include:
- Technological advancements in aircraft manufacturing
- Changes in global trade policies and tariffs
- Developments in Indonesia’s aviation sector and infrastructure
- Evolving consumer travel demand and airline fleet expansions
