Indonesia's audiovisual and broadcasting services exports to the Philippines stood at $6.43 thousand USD in 2023. This figure is set to witness a sharp decline over the forecasted years. By 2024, the value is expected to drop to $5.12 thousand USD, representing a year-on-year decrease of approximately 20.4%. This downward trend continues, with exports projected to reach $3.85 thousand USD in 2025 (-24.8% year-on-year), $2.6 thousand USD in 2026 (-32.5% year-on-year), and $1.37 thousand USD in 2027 (-47.3% year-on-year). Over the five-year period from 2023 to 2027, the compound annual growth rate (CAGR) reflects a significant negative trend.
Future trends to watch for include potential shifts in bilateral trade agreements, technological advancements within the audiovisual sector, and competitive market dynamics influencing Indonesia's export capabilities. Monitoring these factors can help to forecast adjustments in the market and identify opportunities for mitigating the decline.
