Forecast: Import of Parts for Air Conditioners to Indonesia

The import of air conditioner parts to Indonesia has experienced fluctuations over the years. From 2013 to 2023, there has been significant year-on-year variability, highlighted by notable decreases in 2014, 2015, 2017, and especially 2020. However, this period also includes sporadic increases, such as in 2016, 2018, 2019, 2021, and 2022. The value in 2023 stood at approximately $124.81 million, displaying a moderate year-on-year growth of 1.83% from 2022. The compound annual growth rate (CAGR) over the past five years (2019-2023) was positive at 2.17%. Moving forward, forecasts indicate a gradual rise in import value, with a projected CAGR of 1.43% from 2024 to 2028, resulting in an overall growth rate of 7.34% over the same period.

Future trends to watch for include:

  • Technological advancements in air conditioning systems impacting parts' demand.
  • Changes in governmental import policies and tariffs.
  • Shifts in consumer behavior due to environmental and energy-efficiency concerns.
  • Economic factors influencing industrial and residential construction activity in Indonesia. 

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