The import value of bicycle frames and forks and parts thereof to Indonesia has shown a consistent upward trend. Based on the forecasted data, the import value is expected to rise from 61.468 million USD in 2024 to 70.669 million USD in 2028. The year-on-year percentage variations for the upcoming years are approximately 3.9% from 2024 to 2025, 3.6% from 2025 to 2026, 3.4% from 2026 to 2027, and 3.3% from 2027 to 2028. The five-year Compound Annual Growth Rate (CAGR) from 2024 to 2028 is projected to be around 3.55%.
Future trends to watch for include technological advancements in bicycle manufacturing, shifts in consumer preferences towards sustainable and eco-friendly transportation, and potential changes in trade policies that may impact import tariffs or regulations. Additionally, the growing popularity of e-bikes could drive changes in the types of bicycle frames and forks being imported.
