The import of parts and accessories for motor vehicles to Indonesia experienced various fluctuations from 2013 to 2023. In 2023, the value stood at 4.2909 billion USD. Over the last two years, the year-on-year variation was 8.9% in 2022 and 3.27% in 2023, signaling gradual growth. The CAGR over the last five years was 2.59%, reflecting stable growth despite some volatility.
Future trends to watch for include:
- A projected steady increase with a forecasted 5-year CAGR of 2.43%, indicating a growth rate of 12.73% by 2028.
- Potential influences such as global supply chain disruptions, policy changes, and technological advancements in the automotive sector.
- Impact of Indonesia's economic conditions and automotive market demand on the import levels.
- Import substitution and local manufacturing impacts as Indonesia potentially develops its automotive industry.