In 2023, the import volume of parts of electrical machines and apparatus to Indonesia stood at approximately 1.7428 million kilograms. Analyzing the year-on-year variations revealed fluctuations over the years, with significant increases in some years, such as 2014 (73.92%) and 2018 (103.47%), and steep declines in others, such as 2016 (-28.28%) and 2017 (-46.54%). Over the past five years, the compound annual growth rate (CAGR) has shown diverse trends with a slight downturn observed in recent years, culminating in a 2023 CAGR of -1.94%. However, a more stabilized growth pattern is forecasted, with an expected CAGR of 0.28% over the next five years up to 2028.
Future trends to watch for include stability in the import volumes driven by consistent technology demand in Indonesia. Other factors may include potential market disruptions, shifts in global supply chains, or advancements in domestic manufacturing which could impact the import volume of electrical machine parts and apparatus.
