Indonesia: Electrical Insulator Market 2025

Electrical Insulator Market Size in Indonesia

The Indonesian electrical insulator market skyrocketed to $X in 2022, increasing by 201% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Over the period under review, consumption showed resilient growth. As a result, consumption attained the peak level and is likely to continue growth in the immediate term.

Electrical Insulator Exports

Exports from Indonesia

In 2022, shipments abroad of electrical insulators decreased by -76.7% to X units, falling for the second year in a row after two years of growth. Over the period under review, exports, however, continue to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2020 with an increase of 193% against the previous year. As a result, the exports reached the peak of X units. From 2021 to 2022, the growth of the exports remained at a somewhat lower figure.

In value terms, electrical insulator exports reduced markedly to $X in 2022. Overall, exports, however, posted strong growth. The most prominent rate of growth was recorded in 2020 when exports increased by 401% against the previous year. As a result, the exports reached the peak of $X. From 2021 to 2022, the growth of the exports failed to regain momentum.

Exports by Country

The United States (X units) was the main destination for electrical insulator exports from Indonesia, accounting for a 60% share of total exports. Moreover, electrical insulator exports to the United States exceeded the volume sent to the second major destination, Thailand (X units), tenfold. The third position in this ranking was held by Germany (X units), with a 5.4% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to the United States totaled +97.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: Thailand (+16.9% per year) and Germany (+36.5% per year).

In value terms, the United States ($X) remains the key foreign market for electrical insulators exports from Indonesia, comprising 69% of total exports. The second position in the ranking was taken by Singapore ($X), with a 12% share of total exports. It was followed by Japan, with a 4.7% share.

From 2012 to 2022, the average annual growth rate of value to the United States stood at +93.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: Singapore (+12.9% per year) and Japan (+62.6% per year).

Export Prices by Country

In 2022, the average electrical insulator export price amounted to $X per unit, declining by -15.7% against the previous year. Over the period under review, the export price, however, showed a resilient increase. The most prominent rate of growth was recorded in 2020 when the average export price increased by 71%. Over the period under review, the average export prices attained the maximum at $X per unit in 2021, and then fell sharply in the following year.

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 Singapore ($X per unit), while the average price for exports to Belgium ($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 Vietnam (+56.0%), while the prices for the other major destinations experienced more modest paces of growth.

Electrical Insulator Imports

Imports into Indonesia

Electrical insulator imports into Indonesia soared to X units in 2022, picking up by 202% compared with the previous year. In general, imports posted a resilient increase. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, electrical insulator imports declined markedly to $X in 2022. Over the period under review, imports, however, faced a abrupt decrease. The pace of growth appeared the most rapid in 2017 when imports increased by 46%. Over the period under review, imports reached the maximum at $X in 2018; however, from 2019 to 2022, imports remained at a lower figure.

Imports by Country

In 2022, China (X units) was the main supplier of electrical insulator to Indonesia, accounting for a 91% share of total imports. Moreover, electrical insulator imports from China exceeded the figures recorded by the second-largest supplier, Italy (X units), more than tenfold. The third position in this ranking was taken by France (X units), with a 1% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from China stood at +21.7%. The remaining supplying countries recorded the following average annual rates of imports growth: Italy (-8.4% per year) and France (+11.7% per year).

In value terms, China ($X) constituted the largest supplier of electrical insulators to Indonesia, comprising 46% of total imports. The second position in the ranking was taken by Italy ($X), with a 7% share of total imports. It was followed by France, with a 6.3% share.

From 2012 to 2022, the average annual growth rate of value from China amounted to -15.9%. The remaining supplying countries recorded the following average annual rates of imports growth: Italy (-12.1% per year) and France (+3.6% per year).

Import Prices by Country

The average electrical insulator import price stood at $X per unit in 2022, shrinking by -90.5% against the previous year. Over the period under review, the import price faced a precipitous contraction. The most prominent rate of growth was recorded in 2014 an increase of 82% against the previous year. As a result, import price attained the peak level of $X per unit. From 2015 to 2022, the average import prices failed to regain momentum.

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 the United States ($X per unit), while the price for China ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United States (-1.5%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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