The import of photosensitive, photovoltaic, and LED semiconductor devices into Indonesia experienced robust growth from 2013 to 2018, with significant year-on-year increases peaking at 57.58% in 2018. A subsequent decline in 2019 and 2020 was followed by a recovery, culminating in a value of 12.709 million kilograms in 2023. Over the last two years, the imports saw moderate year-on-year growth rates of 5.75% in 2022 and 5.33% in 2023. The 5-year CAGR since 2018 stands at 3.84%, reflecting moderate growth compared to previous periods of higher expansion.
Future trends to watch for include technological advancements in semiconductor devices, fluctuations in global manufacturing capacities, and shifts in environmental policies which may affect the supply chain and import dynamics. Additionally, the forecasted 5-year CAGR of 3.68% points towards steady but moderated growth, suggesting a more stabilized market condition through 2028.
