Indonesia: Electric Heating Equipment Market 2025

Electric Heating Equipment Market Size in Indonesia

In 2022, the Indonesian electric heating equipment market increased by 186% to $X, rising for the second year in a row after two years of decline. Over the period under review, consumption posted a significant increase. Over the period under review, the market hit record highs in 2022 and is expected to retain growth in years to come.

Electric Heating Equipment Exports

Exports from Indonesia

In 2022, electric heating equipment exports from Indonesia fell rapidly to X units, with a decrease of -17.2% compared with the previous year's figure. In general, exports, however, saw prominent growth. The pace of growth was the most pronounced in 2019 with an increase of 1,885%. As a result, the exports attained the peak of X units. From 2020 to 2022, the growth of the exports failed to regain momentum.

In value terms, electric heating equipment exports dropped to $X in 2022. Overall, exports, however, showed significant growth. The pace of growth was the most pronounced in 2019 when exports increased by 2,725% against the previous year. As a result, the exports attained the peak of $X. From 2020 to 2022, the growth of the exports remained at a somewhat lower figure.

Exports by Country

The United States (X units) was the main destination for electric heating equipment exports from Indonesia, with a 91% share of total exports. Moreover, electric heating equipment exports to the United States exceeded the volume sent to the second major destination, Singapore (X units), more than tenfold. The third position in this ranking was held by Myanmar (X units), with a 2.1% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to the United States amounted to +174.7%. Exports to the other major destinations recorded the following average annual rates of exports growth: Singapore (-20.6% per year) and Myanmar (-28.3% per year).

In value terms, the United States ($X) remains the key foreign market for electric space heating apparatus and soil heating apparatus exports from Indonesia, comprising 89% of total exports. The second position in the ranking was taken by Singapore ($X), with a 5.8% share of total exports. It was followed by Hungary, with a 2.4% share.

From 2012 to 2022, the average annual growth rate of value to the United States amounted to +230.3%. Exports to the other major destinations recorded the following average annual rates of exports growth: Singapore (+4.2% per year) and Hungary (+19.9% per year).

Export Prices by Country

In 2022, the average electric heating equipment export price amounted to $X per unit, picking up by 16% against the previous year. Over the period under review, the export price continues to indicate prominent growth. The most prominent rate of growth was recorded in 2015 an increase of 156% against the previous year. The export price peaked in 2022 and is likely to see gradual growth in the immediate term.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Singapore ($X per unit), while the average price for exports to Timor-Leste ($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 Myanmar (+39.5%), while the prices for the other major destinations experienced more modest paces of growth.

Electric Heating Equipment Imports

Imports into Indonesia

In 2022, supplies from abroad of electric space heating apparatus and soil heating apparatus increased by 172% to X units, rising for the second year in a row after two years of decline. Overall, imports showed a strong increase. The most prominent rate of growth was recorded in 2016 with an increase of 282% against the previous year. Imports peaked in 2022 and are expected to retain growth in the near future.

In value terms, electric heating equipment imports surged to $X in 2022. In general, imports saw a significant expansion. The pace of growth was the most pronounced in 2016 with an increase of 284%. Over the period under review, imports hit record highs in 2022 and are likely to see gradual growth in years to come.

Imports by Country

China (X units), Japan (X units) and Hong Kong SAR (X units) were the main suppliers of electric heating equipment imports to Indonesia, with a combined 65% share of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Hong Kong SAR (with a CAGR of +121.4%), while imports for the other leaders experienced more modest paces of growth.

In value terms, China ($X), Japan ($X) and Hong Kong SAR ($X) were the largest electric heating equipment suppliers to Indonesia, together comprising 65% of total imports.

Among the main suppliers, Hong Kong SAR, with a CAGR of +102.3%, recorded the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the average electric heating equipment import price amounted to $X per unit, therefore, remained relatively stable against the previous year. In general, import price indicated a prominent expansion from 2012 to 2022: its price increased at an average annual rate of +5.1% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, electric heating equipment import price increased by +63.8% against 2012 indices. The growth pace was the most rapid in 2020 an increase of 22% against the previous year. Over the period under review, average import prices hit record highs at $X per unit in 2021, and then fell modestly in the following year.

Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the highest price was recorded for prices from the United States ($X per unit) and Japan ($X per unit), while the price for Sweden ($X per unit) and Hong Kong SAR ($X per unit) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United States (+6.3%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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