The import value of parts of railway, tramway locomotives, and rolling-stock to Indonesia stood at 123.45 million US dollars in 2023. Based on the forecasted data from 2024 to 2028, Indonesia's imports are expected to grow steadily. The year-on-year growth percentage is projected as follows: 3.64% in 2024, 3.55% in 2025, 3.35% in 2026, and 3.18% in 2027. The compound annual growth rate (CAGR) over the five-year period is anticipated to be around 3.34%.
Future trends to watch for include:
- The potential impact of infrastructure development projects on demand for railway parts
- Economic factors influencing import capacity
- Technological advancements in railway systems that may alter import requirements