Indonesia: Transportation Vehicle Body Market 2024

Transportation Vehicle Body Market Size in Indonesia

The Indonesian transportation vehicle body market reduced slightly to $X in 2022, approximately equating the previous year. In general, consumption continues to indicate buoyant growth. As a result, consumption attained the peak level of $X. From 2020 to 2022, the growth of the market remained at a lower figure.

Transportation Vehicle Body Production in Indonesia

In value terms, transportation vehicle body production fell modestly to $X in 2022 estimated in export price. In general, production showed a resilient increase. The most prominent rate of growth was recorded in 2019 with an increase of 61% against the previous year. As a result, production attained the peak level of $X. From 2020 to 2022, production growth failed to regain momentum.

Transportation Vehicle Body Exports

Exports from Indonesia

In 2022, overseas shipments of bodies for motor vehicles for the transporting people decreased by -37.2% to X units for the first time since 2018, thus ending a three-year rising trend. In general, exports, however, showed significant growth. The growth pace was the most rapid in 2019 when exports increased by 822% against the previous year. Over the period under review, the exports hit record highs at X units in 2021, and then contracted significantly in the following year.

In value terms, transportation vehicle body exports soared to $X in 2022. Overall, exports, however, posted a significant increase. The most prominent rate of growth was recorded in 2019 with an increase of 925%. The exports peaked in 2022 and are expected to retain growth in the near future.

Exports by Country

Japan (X units), Sri Lanka (X units) and Singapore (X units) were the main destinations of transportation vehicle body exports from Indonesia, together comprising 90% of total exports.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Singapore (with a CAGR of +84.9%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for transportation vehicle body exported from Indonesia were Sri Lanka ($X), Japan ($X) and India ($X), together accounting for 91% of total exports. Singapore and the Philippines lagged somewhat behind, together comprising a further 5.2%.

Singapore, with a CAGR of +89.0%, saw the highest growth rate of the value of exports, in terms of the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average transportation vehicle body export price stood at $X per unit in 2022, surging by 117% against the previous year. In general, the export price showed a temperate expansion. As a result, the export price attained 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 Sri Lanka ($X per unit), while the average price for exports to Singapore ($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 Sri Lanka (+50.0%), while the prices for the other major destinations experienced more modest paces of growth.

Transportation Vehicle Body Imports

Imports into Indonesia

Transportation vehicle body imports into Indonesia shrank dramatically to X units in 2022, reducing by -67.8% compared with the previous year. Overall, imports continue to indicate a dramatic contraction. The pace of growth appeared the most rapid in 2018 when imports increased by 80% 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, transportation vehicle body imports shrank dramatically to $X in 2022. Over the period under review, imports showed a precipitous shrinkage. The pace of growth was the most pronounced in 2017 when imports increased by 36%. Over the period under review, imports reached the maximum at $X in 2012; however, from 2013 to 2022, imports stood at a somewhat lower figure.

Imports by Country

In 2022, Germany (X units) constituted the largest supplier of transportation vehicle body to Indonesia, accounting for a 24% share of total imports. Moreover, transportation vehicle body imports from Germany exceeded the figures recorded by the second-largest supplier, China (X units), threefold. The United States (X units) ranked third in terms of total imports with a 0.6% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from Germany totaled -29.5%. The remaining supplying countries recorded the following average annual rates of imports growth: China (+19.6% per year) and the United States (-41.9% per year).

In value terms, Germany ($X) constituted the largest supplier of bodies for motor vehicles for the transporting people to Indonesia, comprising 48% of total imports. The second position in the ranking was held by China ($X), with a 1.9% share of total imports. It was followed by the United States, with a 0.2% share.

From 2012 to 2022, the average annual rate of growth in terms of value from Germany totaled -37.4%. The remaining supplying countries recorded the following average annual rates of imports growth: China (+18.3% per year) and the United States (-50.7% per year).

Import Prices by Country

The average transportation vehicle body import price stood at $X per unit in 2022, waning by -39.9% against the previous year. Over the period under review, the import price recorded a abrupt descent. The pace of growth was the most pronounced in 2019 when the average import price increased by 112%. Over the period under review, average import prices attained the peak figure at $X per unit in 2020; however, from 2021 to 2022, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Germany ($X per unit), while the price for India ($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 (-1.1%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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