Indonesia: Market for Instrument Panel And Wall Clocks 2022

Market Size for Instrument Panel And Wall Clocks in Indonesia

In 2020, after four years of growth, there was significant decline in the Indonesian market for instrument panel and wall clocks, when its value decreased by -X% to $X. Overall, the total consumption indicated a slight expansion from 2007 to 2020: its value increased at an average annual rate of +X% over the last thirteen-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2016 with an increase of X% year-to-year. Instrument panel and wall clock consumption peaked at $X in 2019, and then declined significantly in the following year.

Exports of Instrument Panel And Wall Clocks

Exports from Indonesia

In 2020, approx. X tons of instrument panel and wall clocks were exported from Indonesia; waning by -X% against the previous year. In general, exports recorded a deep downturn. The most prominent rate of growth was recorded in 2010 when exports increased by X% year-to-year. Exports peaked at X tons in 2019, and then shrank significantly in the following year.

In value terms, instrument panel and wall clock exports shrank remarkably to $X in 2020. Overall, exports continue to indicate a sharp contraction. The most prominent rate of growth was recorded in 2011 when exports increased by X% against the previous year. Over the period under review, exports attained the peak figure at $X in 2019, and then declined sharply in the following year.

Exports by Country

Timor-Leste (X tons) was the main destination for instrument panel and wall clock exports from Indonesia, with a X% share of total exports. Moreover, instrument panel and wall clock exports to Timor-Leste exceeded the volume sent to the second major destination, Singapore (X kg), twofold. The third position in this ranking was occupied by Saudi Arabia (X kg), with a X% share.

From 2007 to 2020, the average annual growth rate of volume to Timor-Leste stood at +X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Singapore (-X% per year) and Saudi Arabia (-X% per year).

In value terms, Singapore ($X), the United States ($X) and France ($X) appeared to be the largest markets for instrument panel and wall clock exported from Indonesia worldwide, with a combined X% share of total exports.

The United States recorded 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 export price for instrument panel and wall clocks stood at $X per ton in 2020, picking up by X% against the previous year. Overall, the export price, however, saw a drastic downturn. The most prominent rate of growth was recorded in 2018 when the average export price increased by X% against the previous year. Over the period under review, average export prices hit record highs at $X per ton in 2007; however, from 2008 to 2020, export prices remained at a lower figure.

There were significant differences in the average prices for the major external markets. In 2020, the country with the highest price was the United States ($X per ton), while the average price for exports to Timor-Leste ($X per ton) was amongst the lowest.

From 2007 to 2020, the most notable rate of growth in terms of prices was recorded for supplies to the United States, while the prices for the other major destinations experienced more modest paces of growth.

Imports of Instrument Panel And Wall Clocks

Imports into Indonesia

In 2020, overseas purchases of instrument panel and wall clocks decreased by -X% to X tons for the first time since 2015, thus ending a four-year rising trend. In general, imports, however, recorded a mild expansion. The most prominent rate of growth was recorded in 2016 when imports increased by X% y-o-y. Imports peaked at X tons in 2019, and then fell remarkably in the following year.

In value terms, instrument panel and wall clock imports contracted markedly to $X in 2020. Overall, total imports indicated a modest expansion from 2007 to 2020: its value increased at an average annual rate of +X% over the last thirteen-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2016 with an increase of X% year-to-year. Imports peaked at $X in 2019, and then fell rapidly in the following year.

Imports by Country

In 2020, China (X tons) was the main instrument panel and wall clock supplier to Indonesia, with a X% share of total imports. Moreover, instrument panel and wall clock imports from China exceeded the figures recorded by the second-largest supplier, Hong Kong SAR (X tons), more than tenfold.

From 2007 to 2020, the average annual rate of growth in terms of volume from China stood at +X%.

In value terms, China ($X) constituted the largest supplier of instrument panel and wall clock to Indonesia, comprising X% of total imports. The second position in the ranking was occupied by Hong Kong SAR ($X), with a X% share of total imports.

From 2007 to 2020, the average annual rate of growth in terms of value from China stood at +X%.

Import Prices by Country

The average import price for instrument panel and wall clocks stood at $X per ton in 2020, shrinking by -X% against the previous year. Overall, the import price, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 when the average import price increased by X% year-to-year. Over the period under review, average import prices reached the peak figure at $X per ton in 2011; however, from 2012 to 2020, import prices stood at a somewhat lower figure.

Prices varied noticeably by the country of origin; the country with the highest price was Hong Kong SAR ($X per ton), while the price for China stood at $X per ton.

From 2007 to 2020, the most notable rate of growth in terms of prices was attained by China.

Source: IndexBox Platform

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