Indonesia: Market for Equipment For Internal Combustion Engines 2025

Market Size for Equipment For Internal Combustion Engines in Indonesia

The Indonesian internal combustion engine equipment market surged to $X in 2022, increasing by 22% 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). Overall, consumption, however, showed a perceptible decline. Over the period under review, the market attained the maximum level at $X in 2014; however, from 2015 to 2022, consumption remained at a lower figure.

Exports of Equipment For Internal Combustion Engines

Exports from Indonesia

After two years of decline, shipments abroad of equipment for internal combustion engines increased by 13% to X units in 2022. In general, exports posted a significant increase. The most prominent rate of growth was recorded in 2017 with an increase of 837%. The exports peaked at X units in 2019; however, from 2020 to 2022, the exports remained at a lower figure.

In value terms, internal combustion engine equipment exports fell rapidly to $X in 2022. Overall, exports showed a significant expansion. The growth pace was the most rapid in 2017 with an increase of 1,046%. The exports peaked at $X in 2019; however, from 2020 to 2022, the exports remained at a lower figure.

Exports by Country

Japan (X units) was the main destination for internal combustion engine equipment exports from Indonesia, accounting for a 62% share of total exports. Moreover, internal combustion engine equipment exports to Japan exceeded the volume sent to the second major destination, the United States (X units), fourfold. The third position in this ranking was taken by Vietnam (X units), with an 11% share.

From 2012 to 2022, the average annual growth rate of volume to Japan totaled +136.3%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United States (+174.4% per year) and Vietnam (+1.5% per year).

In value terms, Japan ($X) remains the key foreign market for equipment for internal combustion engines exports from Indonesia, comprising 62% of total exports. The second position in the ranking was held by the United States ($X), with a 16% share of total exports. It was followed by Vietnam, with an 11% share.

From 2012 to 2022, the average annual rate of growth in terms of value to Japan amounted to +132.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United States (+172.0% per year) and Vietnam (+1.7% per year).

Export Prices by Country

The average internal combustion engine equipment export price stood at $X per unit in 2022, which is down by -32.2% against the previous year. Overall, the export price showed a mild decrease. The growth pace was the most rapid in 2017 an increase of 22% against the previous year. The export price peaked at $X per unit in 2021, and then contracted rapidly in the following year.

Average prices varied noticeably for the major export markets. In 2022, amid the top suppliers, the highest price was recorded for prices to Malaysia ($X per unit) and Vietnam ($X per unit), while the average price for exports to the United States ($X per unit) and Japan ($X per unit) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Taiwan (Chinese) (+10.0%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Equipment For Internal Combustion Engines

Imports into Indonesia

After two years of decline, supplies from abroad of equipment for internal combustion engines increased by 25% to X units in 2022. Over the period under review, imports continue to indicate a mild expansion. The most prominent rate of growth was recorded in 2018 with an increase of 48% against the previous year. Over the period under review, imports attained the peak figure at X units in 2014; however, from 2015 to 2022, imports stood at a somewhat lower figure.

In value terms, internal combustion engine equipment imports skyrocketed to $X in 2022. In general, imports, however, recorded a noticeable decline. The most prominent rate of growth was recorded in 2018 when imports increased by 42% against the previous year. Imports peaked at $X in 2014; however, from 2015 to 2022, imports stood at a somewhat lower figure.

Imports by Country

In 2022, China (X units) constituted the largest supplier of internal combustion engine equipment to Indonesia, accounting for a 41% share of total imports. Moreover, internal combustion engine equipment imports from China exceeded the figures recorded by the second-largest supplier, Thailand (X units), twofold. The third position in this ranking was held by Japan (X units), with an 18% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from China amounted to -2.9%. The remaining supplying countries recorded the following average annual rates of imports growth: Thailand (+13.7% per year) and Japan (+0.1% per year).

In value terms, China ($X) constituted the largest supplier of equipment for internal combustion engines to Indonesia, comprising 41% of total imports. The second position in the ranking was held by Thailand ($X), with a 19% share of total imports. It was followed by Japan, with an 18% share.

From 2012 to 2022, the average annual rate of growth in terms of value from China amounted to -7.2%. The remaining supplying countries recorded the following average annual rates of imports growth: Thailand (+8.8% per year) and Japan (-4.2% per year).

Import Prices by Country

The average internal combustion engine equipment import price stood at $X per unit in 2022, waning by -4.8% against the previous year. In general, the import price recorded a perceptible contraction. The pace of growth was the most pronounced in 2021 an increase of 23% against the previous year. Over the period under review, average import prices hit record highs at $X per unit in 2012; however, from 2013 to 2022, import prices failed to regain momentum.

Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the countries with the highest prices were Vietnam ($X per unit) and India ($X per unit), while the price for China ($X per unit) and Australia ($X per unit) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Vietnam (-4.3%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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