Forecast: Weapons Imports in Indonesia

Indonesia’s weapons imports have seen significant fluctuations over the past decade. The values peaked notably in 2014 and 2017 due to large procurement projects but faced steep declines in subsequent years. Notably, the imports fell drastically by 78.82% in 2022 but rebounded with a 171.68% increase in 2023 to $184.74 million. Forecasts indicate a consistent decline from 2024 to 2028, with a 5-year CAGR of -6.92% predicting a decrease to $119.82 million by 2028.

Key future trends to watch for:

• Potential policy changes impacting defense procurement strategies.
• Regional security dynamics influencing defense spending.
• Technological advancements driving shifts in types of weapons imported.
• Economic factors limiting or enabling budget allocations for defense.