Indonesia: Market for Air Conditioning Machines For Motor Vehicles 2024

Market Size for Air Conditioning Machines For Motor Vehicles in Indonesia

The Indonesian market for air conditioning machines for motor vehicles contracted to $X in 2022, standing approx. at the previous year. Over the period under review, consumption, however, posted a prominent increase. Motor vehicle air conditioning machine consumption peaked at $X in 2019; afterwards, it flattened through to 2022.

Production of Air Conditioning Machines For Motor Vehicles in Indonesia

In value terms, motor vehicle air conditioning machine production shrank to $X in 2022 estimated in export price. Overall, production, however, showed a strong expansion. The most prominent rate of growth was recorded in 2014 with an increase of 55%. Over the period under review, production hit record highs at $X in 2019; afterwards, it flattened through to 2022.

Exports of Air Conditioning Machines For Motor Vehicles

Exports from Indonesia

In 2022, overseas shipments of air conditioning machines for motor vehicles increased by 227% to X units, rising for the second year in a row after three years of decline. Overall, exports, however, recorded a abrupt decrease. The exports peaked at X units in 2017; however, from 2018 to 2022, the exports failed to regain momentum.

In value terms, motor vehicle air conditioning machine exports soared to $X in 2022. Over the period under review, exports, however, continue to indicate a relatively flat trend pattern. Over the period under review, the exports reached the maximum at $X in 2017; however, from 2018 to 2022, the exports failed to regain momentum.

Exports by Country

Saudi Arabia (X units), South Korea (X units) and Australia (X units) were the main destinations of motor vehicle air conditioning machine exports from Indonesia, with a combined 77% share of total exports.

From 2012 to 2022, the biggest increases were recorded for Saudi Arabia (with a CAGR of +37.9%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Saudi Arabia ($X) remains the key foreign market for air conditioning machines for motor vehicles exports from Indonesia, comprising 44% of total exports. The second position in the ranking was held by South Korea ($X), with a 21% share of total exports. It was followed by Australia, with a 16% share.

From 2012 to 2022, the average annual growth rate of value to Saudi Arabia amounted to +68.8%. Exports to the other major destinations recorded the following average annual rates of exports growth: South Korea (+20.0% per year) and Australia (-1.5% per year).

Export Prices by Country

The average export price for air conditioning machines for motor vehicles stood at $X per unit in 2022, growing by 28% against the previous year. In general, the export price saw a remarkable increase. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Australia ($X per unit), while the average price for exports to Malaysia ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Saudi Arabia (+22.5%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Air Conditioning Machines For Motor Vehicles

Imports into Indonesia

In 2022, the amount of air conditioning machines for motor vehicles imported into Indonesia reduced to X units, which is down by -9.1% against the previous year. In general, imports continue to indicate a drastic downturn. The growth pace was the most rapid in 2015 with an increase of 246% against the previous year. Over the period under review, imports hit record highs at X units in 2012; however, from 2013 to 2022, imports remained at a lower figure.

In value terms, motor vehicle air conditioning machine imports expanded slightly to $X in 2022. Overall, imports, however, showed measured growth. The growth pace was the most rapid in 2015 when imports increased by 511% against the previous year. As a result, imports attained the peak of $X. From 2016 to 2022, the growth of imports remained at a somewhat lower figure.

Imports by Country

In 2022, Malaysia (X units) constituted the largest motor vehicle air conditioning machine supplier to Indonesia, with a 44% share of total imports. Moreover, motor vehicle air conditioning machine imports from Malaysia exceeded the figures recorded by the second-largest supplier, Germany (X units), threefold. China (X units) ranked third in terms of total imports with a 10% share.

From 2012 to 2022, the average annual growth rate of volume from Malaysia totaled +76.0%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (-5.7% per year) and China (-28.2% per year).

In value terms, Malaysia ($X), Germany ($X) and China ($X) appeared to be the largest motor vehicle air conditioning machine suppliers to Indonesia, together accounting for 57% of total imports.

Malaysia, with a CAGR of +84.0%, recorded the highest rates of growth with regard to the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the average import price for air conditioning machines for motor vehicles amounted to $X per unit, with an increase of 14% against the previous year. Overall, the import price saw a prominent expansion. The pace of growth was the most pronounced in 2015 when the average import price increased by 77% against the previous year. The import price peaked in 2022 and is likely to see steady growth in the near future.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Japan ($X per unit), while the price for Singapore ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+25.4%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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