Growth of Indonesia’s logistics & forwarding markets to rapidly accelerate
Indonesia’s new government needs to remove obstacles to investment in its transport and trading infrastructure to realise its enormous economic and logistics potential, according to a new report by Transport Intelligence.
By most rankings, Indonesia lags behind its regional competitors in South East Asia terms of logistics performance. However, Ti’s latest report - Indonesia Transport & Logistics 2015 - A New Dawn? – argues this could soon change if the new government of President Joko ‘Jokowi’ Widodo follows through on its promises to fund new transport and infrastructure investments and attract private investors and operators.
Indonesia’s air and ocean forwarding markets in the report’s ‘moderate’ (expected) forecasts are expected to grow by CAGRs over 2013-19 of 9.2 per cent and 13.5 per cent, respectively. However, under Ti’s ‘high’ forecast, this could rise to 11.5 per cent for air forwarding and 16.9 per cent for ocean forwarding.
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