Indonesia: Air Conditioning Machine Market 2024

Air Conditioning Machine Market Size in Indonesia

The Indonesian air conditioning machine market declined to $X in 2021, which is down by -13.3% against the previous year. Over the period under review, consumption, however, posted a prominent expansion. Air conditioning machine consumption peaked at $X in 2020, and then reduced in the following year.

Air Conditioning Machine Production in Indonesia

In value terms, air conditioning machine production shrank to $X in 2021 estimated in export price. Over the period under review, production, however, showed a remarkable increase. The most prominent rate of growth was recorded in 2014 when the production volume increased by 78% against the previous year. Over the period under review, production reached the peak level at $X in 2020, and then reduced in the following year.

Air Conditioning Machine Exports

Exports from Indonesia

Air conditioning machine exports from Indonesia soared to X units in 2021, jumping by 58% on 2020 figures. Overall, exports showed significant growth. The pace of growth was the most pronounced in 2020 with an increase of 111%. The exports peaked in 2021 and are expected to retain growth in years to come.

In value terms, air conditioning machine exports skyrocketed to $X in 2021. Over the period under review, exports enjoyed a significant expansion. The most prominent rate of growth was recorded in 2020 with an increase of 172%. Over the period under review, the exports reached the peak figure in 2021 and are likely to continue growth in years to come.

Exports by Country

The United States (X units) was the main destination for air conditioning machine exports from Indonesia, with a 87% share of total exports. Moreover, air conditioning machine exports to the United States exceeded the volume sent to the second major destination, Vietnam (X units), eightfold. The third position in this ranking was held by Singapore (X units), with a 0.8% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to the United States amounted to +240.6%. Exports to the other major destinations recorded the following average annual rates of exports growth: Vietnam (+20.5% per year) and Singapore (-6.2% per year).

In value terms, the United States ($X) remains the key foreign market for air conditioning machine exports from Indonesia, comprising 86% of total exports. The second position in the ranking was held by Vietnam ($X), with a 10% share of total exports. It was followed by Thailand, with a 0.6% share.

From 2012 to 2021, the average annual rate of growth in terms of value to the United States amounted to +191.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: Vietnam (+26.2% per year) and Thailand (+7.6% per year).

Export Prices by Country

The average air conditioning machine export price stood at $X per unit in 2021, rising by 14% against the previous year. In general, the export price continues to indicate resilient growth. The pace of growth was the most pronounced in 2018 an increase of 32%. The export price peaked in 2021 and is expected to retain growth in the immediate term.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Thailand (+10.8%), while the prices for the other major destinations experienced more modest paces of growth.

Air Conditioning Machine Imports

Imports into Indonesia

Air conditioning machine imports into Indonesia stood at X units in 2021, approximately equating the previous year. Overall, imports, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2016 when imports increased by 28% against the previous year. Over the period under review, imports attained the peak figure at X units in 2019; however, from 2020 to 2021, imports remained at a lower figure.

In value terms, air conditioning machine imports soared to $X in 2021. Over the period under review, imports showed a relatively flat trend pattern. The growth pace was the most rapid in 2018 with an increase of 37% against the previous year. Imports peaked at $X in 2019; however, from 2020 to 2021, imports stood at a somewhat lower figure.

Imports by Country

China (X units), Thailand (X units) and Malaysia (X units) were the main suppliers of air conditioning machine imports to Indonesia, together accounting for 96% of total imports.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by China (with a CAGR of +7.8%), while imports for the other leaders experienced a decline.

In value terms, the largest air conditioning machine suppliers to Indonesia were China ($X), Thailand ($X) and Malaysia ($X), together accounting for 95% of total imports.

China, with a CAGR of +11.6%, saw the highest growth rate of the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced a decline.

Import Prices by Country

In 2021, the average air conditioning machine import price amounted to $X per unit, rising by 18% against the previous year. Over the period under review, the import price showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2018 when the average import price increased by 19%. Over the period under review, average import prices attained the maximum at $X per unit in 2014; however, from 2015 to 2021, import prices failed to regain momentum.

Average prices varied noticeably amongst the major supplying countries. In 2021, the highest price was recorded for prices from South Korea ($X per unit) and China ($X per unit), while the price for Malaysia ($X per unit) and Thailand ($X per unit) were amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by China (+3.5%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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