The import of parts of power engines to Indonesia showed a volatile trend between 2013 and 2023, with significant fluctuations in year-on-year variations. Starting at $34.012 million USD in 2013, imports decreased by 17.39% in 2014 but rebounded with a 21.04% increase in 2015. Notable years include 2016, which saw a 25.04% increase, and 2021, which experienced a significant 23.68% rise. By 2023, the value stood at $46.437 million USD, marking an incremental 2.42% increase from the previous year.
Over the last five years, the Compound Annual Growth Rate (CAGR) averaged 2.29%, indicating steady but modest growth. Looking ahead, the forecasted CAGR over the next five years is 1.83%, projecting a value of $52.173 million USD by 2028.
Future trends to watch for include:
- Potential impacts of global supply chain disruptions on import values.
- Technological advancements in power engine parts that could affect import demand.
- Economic policies and trade agreements influencing international trade.