The import of Linear Acting Hydraulic Power Engines and Motors to Indonesia has shown significant fluctuations from 2013 to 2023. In 2023, the import value stood at 54.153 million USD. Notably, there were periods of notable growth such as in 2015 with a 136.26% year-on-year increase, and in 2017 with a 69.02% rise. Conversely, there were also substantial declines, including a 67.83% decrease in 2016 and a 13.49% drop in 2020. The year-on-year growth for the past two years has been modest, with 3.75% in 2022 and 3.54% in 2023. Over the last five years, the CAGR has been relatively stable at 7.40% for 2022 and 2.61% for 2023.
Looking ahead, forecast data indicate a steady growth rate, with a CAGR of 2.58% expected from 2024 to 2028. By 2028, the import value is anticipated to reach 63.83 million USD, marking a 13.6% increase over the five-year forecast period. Future trends to watch include technological advancements in hydraulic power systems, shifts in industrial demand, and potential regulatory changes that could impact import dynamics.
