Imports of rowing boats, canoes, and pleasure boats (excluding sailboats) to Indonesia experienced significant fluctuation from 2013 to 2023. In 2023, the volume stood at 270.83 thousand kilograms, a modest 2.53% increase from the previous year. Substantial variations characterized the earlier years, including spikes in 2016 (up by 343.6%) and 2018 (a rise of 129.75%), alongside notable declines in 2014 (-67.46% year-on-year) and 2017 (-60.78% year-on-year).
Over the last five years, the compound annual growth rate (CAGR) was nearly flat, at -0.0072%. However, the forecast for 2024 to 2028 indicates a more stable incremental growth, with a predicted 1.91% CAGR, aiming for a 9.91% overall increase by 2028.
Future trends to watch for:
- Growth in disposable income potentially increasing demand for leisure boats.
- Expansion of tourism infrastructure impacting imports positively.
- Regulatory changes or import tariffs that might affect the market.
