Indonesia: Metal Vehicle Lock Market 2025

Metal Vehicle Lock Market Size in Indonesia

In 2021, the Indonesian metal vehicle lock market was finally on the rise to reach $X after two years of decline. Overall, consumption, however, showed a noticeable reduction. Over the period under review, the market hit record highs at $X in 2012; however, from 2013 to 2021, consumption failed to regain momentum.

Metal Vehicle Lock Production in Indonesia

In value terms, metal vehicle lock production amounted to $X in 2021 estimated in export price. Overall, production, however, saw a perceptible decrease. The growth pace was the most rapid in 2018 when the production volume increased by 27%. Over the period under review, production hit record highs at $X in 2012; however, from 2013 to 2021, production failed to regain momentum.

Metal Vehicle Lock Exports

Exports from Indonesia

In 2021, overseas shipments of base metal motor vehicle locks increased by 22% to X tons, rising for the third consecutive year after six years of decline. In general, exports, however, faced a abrupt slump. Over the period under review, the exports attained the peak figure at X tons in 2012; however, from 2013 to 2021, the exports stood at a somewhat lower figure.

In value terms, metal vehicle lock exports surged to $X in 2021. Over the period under review, exports, however, showed a abrupt decline. The exports peaked at $X in 2012; however, from 2013 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

Thailand (X tons) was the main destination for metal vehicle lock exports from Indonesia, with a 48% share of total exports. Moreover, metal vehicle lock exports to Thailand exceeded the volume sent to the second major destination, Malaysia (X tons), threefold. The Philippines (X tons) ranked third in terms of total exports with a 14% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to Thailand stood at -21.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: Malaysia (-16.2% per year) and the Philippines (-3.7% per year).

In value terms, Thailand ($X) remains the key foreign market for base metal motor vehicle locks exports from Indonesia, comprising 44% of total exports. The second position in the ranking was held by Malaysia ($X), with a 17% share of total exports. It was followed by the Philippines, with a 13% share.

From 2012 to 2021, the average annual rate of growth in terms of value to Thailand stood at -22.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: Malaysia (-15.4% per year) and the Philippines (-3.9% per year).

Export Prices by Country

In 2021, the average metal vehicle lock export price amounted to $X per ton, almost unchanged from the previous year. Over the period under review, the export price, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2019 when the average export price increased by 8.4%. The export price peaked at $X per ton in 2017; however, from 2018 to 2021, the export prices remained at a lower figure.

Prices varied noticeably country of destination: the country with the highest price was Japan ($X per ton), while the average price for exports to Pakistan ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Japan (+13.4%), while the prices for the other major destinations experienced more modest paces of growth.

Metal Vehicle Lock Imports

Imports into Indonesia

In 2021, after three years of decline, there was significant growth in purchases abroad of base metal motor vehicle locks, when their volume increased by 30% to X tons. In general, imports, however, recorded a perceptible shrinkage. The pace of growth was the most pronounced in 2017 when imports increased by 39%. As a result, imports attained the peak of X tons. From 2018 to 2021, the growth of imports remained at a somewhat lower figure.

In value terms, metal vehicle lock imports skyrocketed to $X in 2021. Overall, imports, however, showed a noticeable slump. Over the period under review, imports reached the maximum at $X in 2013; however, from 2014 to 2021, imports remained at a lower figure.

Imports by Country

China (X tons), Thailand (X tons) and Japan (X tons) were the main suppliers of metal vehicle lock imports to Indonesia, together accounting for 93% of total imports. India and Taiwan (Chinese) lagged somewhat behind, together accounting for a further 4.1%.

From 2012 to 2021, the biggest increases were recorded for India (with a CAGR of +5.0%), while purchases for the other leaders experienced mixed trend patterns.

In value terms, Thailand ($X), China ($X) and Japan ($X) were the largest metal vehicle lock suppliers to Indonesia, together accounting for 90% of total imports.

China, with a CAGR of +12.1%, saw 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 mixed trend patterns.

Import Prices by Country

In 2021, the average metal vehicle lock import price amounted to $X per ton, picking up by 19% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +1.3%. Over the period under review, average import prices reached the peak figure at $X per ton in 2019; however, from 2020 to 2021, import prices remained at a lower figure.

Prices varied noticeably country of origin: the country with the highest price was India ($X per ton), while the price for Taiwan (Chinese) ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by China (+7.7%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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