Indonesia: Electrical Transformer Market 2025

Electrical Transformer Market Size in Indonesia

The Indonesian electrical transformer market amounted to $X in 2022, therefore, remained relatively stable against the previous year. Over the period under review, consumption showed a perceptible decrease. The pace of growth was the most pronounced in 2016 with an increase of X%. Electrical transformer consumption peaked at $X in 2017; however, from 2018 to 2022, consumption remained at a lower figure.

Electrical Transformer Production in Indonesia

In value terms, electrical transformer production totaled $X in 2022 estimated in export price. In general, production, however, saw a noticeable decline. The most prominent rate of growth was recorded in 2016 when the production volume increased by X% against the previous year. Over the period under review, production hit record highs at $X in 2017; however, from 2018 to 2022, production remained at a lower figure.

Electrical Transformer Exports

Exports from Indonesia

After three years of growth, overseas shipments of electrical transformers decreased by X% to X units in 2022. Over the period under review, exports, however, enjoyed strong growth. The pace of growth appeared the most rapid in 2021 with an increase of X%. As a result, the exports reached the peak of X units, and then contracted significantly in the following year.

In value terms, electrical transformer exports soared to $X in 2022. In general, exports recorded a abrupt slump. The exports peaked at $X in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Japan (X units), Malaysia (X units) and Thailand (X units) were the main destinations of electrical transformer exports from Indonesia, with a combined X% share of total exports. Germany, South Korea, Vietnam, China and Singapore lagged somewhat behind, together accounting for a further X%.

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

In value terms, Japan ($X), Malaysia ($X) and Singapore ($X) were the largest markets for electrical transformer exported from Indonesia worldwide, together accounting for X% of total exports. South Korea, Germany, Thailand, China and Vietnam lagged somewhat behind, together comprising a further X%.

Germany, with a CAGR of X%, 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 2022, the average electrical transformer export price amounted to $X per unit, picking up by X% against the previous year. In general, the export price, however, continues to indicate a abrupt decrease. The export price peaked at $X per unit in 2016; however, from 2017 to 2022, the export prices remained at a lower figure.

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

Electrical Transformer Imports

Imports into Indonesia

In 2022, after four years of growth, there was significant decline in overseas purchases of electrical transformers, when their volume decreased by X% to X units. In general, imports, however, showed tangible growth. The most prominent rate of growth was recorded in 2021 when imports increased by X% against the previous year. As a result, imports reached the peak of X units, and then fell markedly in the following year.

In value terms, electrical transformer imports surged to $X in 2022. Overall, total imports 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. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2022, China (X units) constituted the largest supplier of electrical transformer to Indonesia, accounting for a X% share of total imports. Moreover, electrical transformer imports from China exceeded the figures recorded by the second-largest supplier, Singapore (X units), twofold. Vietnam (X units) ranked third in terms of total imports with a X% share.

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

In value terms, China ($X) constituted the largest supplier of electrical transformers to Indonesia, comprising X% of total imports. The second position in the ranking was taken by South Korea ($X), with an X% share of total imports. It was followed by Singapore, with an X% share.

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

Import Prices by Country

In 2022, the average electrical transformer import price amounted to $X per unit, surging by X% against the previous year. Over the period under review, the import price, however, recorded a perceptible shrinkage. Over the period under review, average import prices hit record highs at $X per unit in 2017; however, from 2018 to 2022, import prices stood at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was South Korea ($X per unit), while the price for Vietnam ($X per unit) was amongst the lowest.

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

Source: IndexBox Platform

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