The import of motorcycles to Indonesia exhibited significant fluctuations over the past decade. Between 2013 and 2023, the values showed a peak in 2013 at $208.61 million, followed by a general declining trend until 2016. From 2017 onwards, the market experienced modest recovery with fluctuations, stabilizing around $81.38 million in 2023. The year-on-year variation for 2023 was -0.65%, with an average annual decline rate (CAGR) of -0.93% over the past five years.
Looking ahead, forecast data predicts a slight decrease in the value of motorcycle imports, with an average annual decline rate (CAGR) of -0.54% for the period from 2024 to 2028. In 2028, the value is expected to stand around $78.35 million.
Future trends to watch for include potential market stabilization or resurgence driven by economic factors, changes in consumer preferences, regulatory policies, and advancements in electric motorcycle technology.
