The import value of equipment for gymnastics, sports, and outdoor games into Indonesia grew steadily from 2013 to 2023, with significant growth observed particularly from 2017 onwards. The year-on-year variation peaked in 2017 and 2018 at 24.06% and 19.42% respectively, highlighting a strong upward trend during those years. The import value stood at $108.81 million in 2023.
The Compound Annual Growth Rate (CAGR) depicts an overall rising trend, although it shows some fluctuations over the years: 15.74% in 2013, dropping to as low as 3.59% by 2023. The projected CAGR for the next five years is 2.93%, indicating a stabilizing yet steady growth. By 2028, the import value is expected to reach $131.15 million, resulting in a forecasted five-year growth rate of 15.54%.
- Significant year-on-year variations observed between 2016 and 2018.- Gradual reduction in the year-on-year growth rate post-2020.- CAGR trends indicate fluctuating but overall positive growth, with anticipated steadiness in the upcoming years.
Future trends to watch for include potential impacts from global economic conditions, policy changes regarding imports, and shifts in consumer preferences towards fitness and outdoor activities that could further influence import volumes and values.
