Indonesia: Civil Reaction Engine Market 2024

Civil Reaction Engine Market Size in Indonesia

For the fifth consecutive year, the Indonesian civil reaction engine market recorded growth in sales value, which increased by 41% to $X in 2021. Over the period under review, consumption enjoyed a significant increase. Over the period under review, the market reached the peak level in 2021 and is likely to continue growth in the immediate term.

Civil Reaction Engine Exports

Exports from Indonesia

In 2021, civil reaction engine exports from Indonesia surged to X units, rising by 713% against the year before. Over the period under review, exports, however, saw a perceptible curtailment. The most prominent rate of growth was recorded in 2019 when exports increased by 879% against the previous year. Over the period under review, the exports attained the maximum at X units in 2015; however, from 2016 to 2021, the exports failed to regain momentum.

In value terms, civil reaction engine exports surged to $X in 2021. Overall, exports, however, showed a abrupt decline. The most prominent rate of growth was recorded in 2019 when exports increased by 1,274% against the previous year. Over the period under review, the exports reached the peak figure at $X in 2015; however, from 2016 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

Thailand (X units), India (X units) and Vietnam (X units) were the main destinations of civil reaction engine exports from Indonesia, together comprising 77% of total exports.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Thailand (with a CAGR of +61.6%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for civil reaction engine exported from Indonesia were Iran ($X), Vietnam ($X) and Singapore ($X), together comprising 82% of total exports. South Korea, Thailand, India and South Africa lagged somewhat behind, together accounting for a further 17%.

Thailand, with a CAGR of +68.2%, saw the highest growth rate of the value of exports, among 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

In 2021, the average civil reaction engine export price amounted to $X per unit, dropping by -63.9% against the previous year. Over the period under review, the export price showed a abrupt curtailment. The most prominent rate of growth was recorded in 2016 an increase of 189% against the previous year. The export price peaked at $X per unit in 2019; however, from 2020 to 2021, the export prices failed to regain momentum.

There were significant differences in the average prices for the major overseas markets. In 2021, amid the top suppliers, the country with the highest price was Singapore ($X per unit), while the average price for exports to India ($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 Vietnam (+21.6%), while the prices for the other major destinations experienced more modest paces of growth.

Civil Reaction Engine Imports

Imports into Indonesia

For the third consecutive year, Indonesia recorded growth in purchases abroad of civil reaction engines, which increased by 49% to X units in 2021. Over the period under review, imports posted significant growth. The pace of growth was the most pronounced in 2015 with an increase of 209%. Over the period under review, imports attained the maximum in 2021 and are expected to retain growth in the immediate term.

In value terms, civil reaction engine imports rose notably to $X in 2021. In general, imports showed a significant increase. The pace of growth was the most pronounced in 2014 when imports increased by 132%. Imports peaked in 2021 and are likely to see steady growth in the immediate term.

Imports by Country

In 2021, the United States (X units) constituted the largest supplier of civil reaction engine to Indonesia, accounting for a 81% share of total imports. Moreover, civil reaction engine imports from the United States exceeded the figures recorded by the second-largest supplier, Italy (X units), more than tenfold. The third position in this ranking was held by Mexico (X units), with a 2.8% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from the United States stood at +205.8%. The remaining supplying countries recorded the following average annual rates of imports growth: Italy (+16.3% per year) and Mexico (+127.2% per year).

In value terms, the United States ($X) constituted the largest supplier of civil reaction engines to Indonesia, comprising 62% of total imports. The second position in the ranking was held by Singapore ($X), with a 19% share of total imports. It was followed by Italy, with a 2.6% share.

From 2012 to 2021, the average annual rate of growth in terms of value from the United States totaled +182.3%. The remaining supplying countries recorded the following average annual rates of imports growth: Singapore (+18.9% per year) and Italy (+34.9% per year).

Import Prices by Country

In 2021, the average civil reaction engine import price amounted to $X per unit, reducing by -27.1% against the previous year. Overall, the import price continues to indicate a noticeable descent. The most prominent rate of growth was recorded in 2014 when the average import price increased by 266%. As a result, import price attained the peak level of $X per unit. From 2015 to 2021, the average import prices remained at a somewhat lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2021, amid the top importers, the country with the highest price was Singapore ($X per unit), while the price for Mexico ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Italy (+16.0%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :