Precisely for this reason we point out that in recent years aimportant opportunity for Italian companies eager to export abroad and increase their market share: it is the economic development of Indonesia.
Why Indonesia is the largest economy in Asia after China and Japan, and the 10th largest in the world with GDP growth holding steady around 5-6% per year, according to data from the International Monetary Fund. Over the last ten years, Indonesia's trade with the rest of the world has quadrupled thanks to the plan for economic acceleration and development (MP3EI), and Italy has also benefited from it: in fact, Italian exports went from 1.1 billion dollars in 2017 to 1.3 billion in 2019.
Since 2004 Indonesia has grown steadily with percentages above the 5%, exceeding between 2010 and 2012 the 6%despite the global crisis. Such growth has been the highest in the whole Asian area, the result of infrastructure investments and the increase in domestic consumption of an expanding middle class.
Between the end of the 90s and the beginning of the new decade, Indonesia was able to emerge from a major financial crisis and build a solid democracy considered by many as a success story, thus gaining the trust of the international markets which welcome the prudent fiscal and monetary policies of the Jakarta government.
In addition, the government has launched an economic development plan worth 311 billion euros until 2025, to be pursued through public-private partnerships which favor investments by national companies especially in the maritime and port infrastructure sector.
Furthermore, LItaly is Jakarta's third EU trading partner, but there is still a very strong growth potential for Italian companies. The sectors that currently offer the most opportunities are:
- Medical devices: the market value will increase from 1 billion dollars (2020) to 1.5 billion dollars (estimated by 2025);
– Building and construction: the development of the country will lead 70% of the Indonesian population to live in urban centers by 2030;
– Manufacturing sector: the Government's action is pushing the industrial sector into the various production sectors, such as the automotive, packaging, textile and footwear industries.
In Indonesia, in the sectors highlighted above, there are already numerous active Italian companies, some of which are very successful. We at Octagona we can say that we have contributed to this growth accompanying abroad tudertechnica, a company from Padua engaged in the production of rubber, silicone, industrial, technical, rigid, flexible, high-performance and low-pressure mandarin pipes.
“Octagona has allowed us to start from scratch our internationalization process on the Indonesian market and to find distributors with whom we have obtained excellent commercial contacts. The quality and success of the project are certainly to be attributed to collaboration between Octagona and local partners: essential to overcome the linguistic and cultural barriers that arise”.
The numbers highlight a strong trend: Indonesia is experiencing a period of expansion and products Made in Italy they are already the most popular ones. The road is already traced and ready to be traveled, just like Tudertechnica is doing.
Octagona is able to indicate and accompany you in seizing market opportunities and thus supporting the growth of your business. Our experience, fruit of 750 projects of internationalization successfully completed in almost 20 years, has allowed Tudertechnica to enter the Indonesian market from scratch.
Do you want to seize the right opportunities? The next successful company in Indonesia could be yours. Click below and fill out the form to find out: we will contact you to study the best solution with you.
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The latest news for Italian exports to Indonesia and the main sectors in which to invest
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