Forecast: Arms Exports by Indonesia

Indonesia's arms exports have experienced significant volatility from 2016 to 2023, with notable decreases in 2018 (-84.04%) and 2019 (-40%). Despite a brief recovery in 2021 (30.77%), the value has largely stabilized around 17 million US Dollars from 2022 onward, indicating a phase of plateauing. As of 2023, arms exports stood at 16.931 million US Dollars.

Over the last two years, there's been a modest growth: 0.99% in 2023. The five-year CAGR up to 2024 is 0.74%, foreseeing gradual growth.

Future trends to watch for:

- Emerging markets expanding defense budgets may open new opportunities.

- Shifts in geopolitical landscapes influencing demand.

Monitoring these factors will be critical for understanding future dynamics in Indonesia's arms export market.