Indonesia: Accumulator Market 2025

Accumulator Market Size in Indonesia

In 2022, the Indonesian accumulator market increased by X% to $X, rising for the second year in a row after five years of decline. The market value increased at an average annual rate of X% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. Accumulator consumption peaked at $X in 2015; however, from 2016 to 2022, consumption failed to regain momentum.

Accumulator Production in Indonesia

In value terms, accumulator production shrank modestly to $X in 2022 estimated in export price. Over the period under review, the total production indicated a slight increase from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production decreased by X% against 2020 indices. The pace of growth was the most pronounced in 2013 when the production volume increased by X%. Accumulator production peaked at $X in 2015; however, from 2016 to 2022, production failed to regain momentum.

Accumulator Exports

Exports from Indonesia

Accumulator exports from Indonesia dropped to X units in 2022, declining by X% on the previous year. Over the period under review, exports recorded a pronounced decrease. The pace of growth appeared the most rapid in 2021 when exports increased by X%. Over the period under review, the exports hit record highs at X units in 2016; however, from 2017 to 2022, the exports remained at a lower figure.

In value terms, accumulator exports declined to $X in 2022. In general, exports saw a deep contraction. The most prominent rate of growth was recorded in 2021 with an increase of X% against the previous year. Over the period under review, the exports reached the maximum at $X in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

Exports by Country

The Philippines (X units), the United States (X units) and Malaysia (X units) were the main destinations of accumulator exports from Indonesia, together accounting for X% of total exports. France, Singapore, Japan, Italy, the UK, the Netherlands, South Korea, the United Arab Emirates, Spain and Colombia lagged somewhat behind, together comprising a further X%.

From 2012 to 2022, the biggest increases were recorded for South Korea (with a CAGR of X%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for accumulator exported from Indonesia were Malaysia ($X), Singapore ($X) and the Philippines ($X), with a combined X% share of total exports. Japan, the UK, the Netherlands, the United Arab Emirates, Italy, the United States, France, Spain, Colombia and South Korea lagged somewhat behind, together comprising a further X%.

South Korea, with a CAGR of X%, 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

In 2022, the average accumulator export price amounted to $X per unit, leveling off at the previous year. Overall, the export price, however, showed a abrupt shrinkage. The most prominent rate of growth was recorded in 2014 when the average export price increased by X%. Over the period under review, the average export prices reached the peak figure at $X per unit in 2012; however, from 2013 to 2022, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was the United Arab Emirates ($X per unit), while the average price for exports to South Korea ($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 the United Arab Emirates (X%), while the prices for the other major destinations experienced a decline.

Accumulator Imports

Imports into Indonesia

In 2022, approx. X units of electric accumulators were imported into Indonesia; with an increase of X% against the previous year's figure. Over the period under review, imports posted a strong expansion. The most prominent rate of growth was recorded in 2021 when imports increased by X% against the previous year. Imports peaked in 2022 and are likely to see steady growth in the immediate term.

In value terms, accumulator imports surged to $X in 2022. In general, imports showed a buoyant increase. The pace of growth appeared the most rapid in 2017 with an increase of X%. Imports peaked in 2022 and are expected to retain growth in the near future.

Imports by Country

In 2022, China (X units) constituted the largest supplier of accumulator to Indonesia, with a X% share of total imports. Moreover, accumulator imports from China exceeded the figures recorded by the second-largest supplier, India (X units), more than tenfold. The third position in this ranking was held by Singapore (X units), with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from China stood at X%. The remaining supplying countries recorded the following average annual rates of imports growth: India (X% per year) and Singapore (X% per year).

In value terms, China ($X) constituted the largest supplier of electric accumulators to Indonesia, comprising X% of total imports. The second position in the ranking was held by Vietnam ($X), with a X% share of total imports. It was followed by South Korea, with a X% share.

From 2012 to 2022, the average annual growth rate of value from China amounted to X%. The remaining supplying countries recorded the following average annual rates of imports growth: Vietnam (X% per year) and South Korea (X% per year).

Import Prices by Country

In 2022, the average accumulator import price amounted to $X per unit, growing by X% against the previous year. Overall, the import price, however, recorded a slight contraction. The growth pace was the most rapid in 2015 when the average import price increased by X% against the previous year. As a result, import price attained the peak level of $X per unit. From 2016 to 2022, the average import prices remained 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 Vietnam ($X per unit), while the price for Singapore ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Vietnam (X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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