Indonesia: Market for Fuel, Lubricating Or Cooling-Medium Pumps For Internal Combustion Engines 2024

Market Size for Fuel, Lubricating Or Cooling-Medium Pumps For Internal Combustion Engines in Indonesia

The Indonesian fuel or lubricating pump market shrank modestly to $X in 2021, therefore, remained relatively stable against the previous year. In general, consumption showed a pronounced decrease. Over the period under review, the market attained the maximum level at $X in 2012; however, from 2013 to 2021, consumption stood at a somewhat lower figure.

Production of Fuel, Lubricating Or Cooling-Medium Pumps For Internal Combustion Engines in Indonesia

In value terms, fuel or lubricating pump production declined rapidly to $X in 2021 estimated in export price. Over the period under review, production continues to indicate a precipitous decline. Fuel or lubricating pump production peaked at $X in 2020, and then fell markedly in the following year.

Exports of Fuel, Lubricating Or Cooling-Medium Pumps For Internal Combustion Engines

Exports from Indonesia

For the third year in a row, Indonesia recorded growth in overseas shipments of fuel, lubricating or cooling-medium pumps for internal combustion engines, which increased by 11% to X units in 2021. Overall, exports continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2019 when exports increased by 45% against the previous year. Over the period under review, the exports hit record highs in 2021 and are expected to retain growth in the near future.

In value terms, fuel or lubricating pump exports rose notably to $X in 2021. Over the period under review, exports, however, continue to indicate a pronounced setback. The pace of growth was the most pronounced in 2019 when exports increased by 31%. The exports peaked at $X in 2012; however, from 2013 to 2021, the exports failed to regain momentum.

Exports by Country

Vietnam (X units), Singapore (X units) and Japan (X units) were the main destinations of fuel or lubricating pump exports from Indonesia, together accounting for 50% of total exports. These countries were followed by India, Brazil, China, Thailand, the United States, Malaysia and Taiwan (Chinese), which together accounted for a further 44%.

From 2012 to 2021, the biggest increases were recorded for China (with a CAGR of +49.0%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for fuel or lubricating pump exported from Indonesia were Vietnam ($X), China ($X) and India ($X), together comprising 50% of total exports.

China, with a CAGR of +52.6%, saw the highest rates of growth with regard to 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

The average fuel or lubricating pump export price stood at $X per unit in 2021, increasing by 2.2% against the previous year. Over the period under review, the export price, however, recorded a abrupt contraction. The growth pace was the most rapid in 2015 an increase of 8.6%. Over the period under review, the average export prices hit record highs at $X per unit in 2012; however, from 2013 to 2021, the export prices remained at a lower figure.

There were significant differences in the average prices for the major overseas markets. In 2021, the country with the highest price was China ($X per unit), while the average price for exports to Japan ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to the United States (+9.5%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Fuel, Lubricating Or Cooling-Medium Pumps For Internal Combustion Engines

Imports into Indonesia

In 2021, supplies from abroad of fuel, lubricating or cooling-medium pumps for internal combustion engines was finally on the rise to reach X units for the first time since 2018, thus ending a two-year declining trend. Overall, imports, however, recorded a abrupt downturn. Imports peaked at X units in 2014; however, from 2015 to 2021, imports failed to regain momentum.

In value terms, fuel or lubricating pump imports soared to $X in 2021. Over the period under review, imports, however, saw a deep downturn. Imports peaked at $X in 2012; however, from 2013 to 2021, imports remained at a lower figure.

Imports by Country

China (X units), Japan (X units) and Thailand (X units) were the main suppliers of fuel or lubricating pump imports to Indonesia, with a combined 87% share of total imports. The United States, Singapore and Vietnam lagged somewhat behind, together comprising a further 6.7%.

From 2012 to 2021, the biggest increases were recorded for Vietnam (with a CAGR of +173.9%), while purchases for the other leaders experienced mixed trend patterns.

In value terms, Japan ($X) constituted the largest supplier of fuel, lubricating or cooling-medium pumps for internal combustion engines to Indonesia, comprising 46% of total imports. The second position in the ranking was taken by Thailand ($X), with a 20% share of total imports. It was followed by China, with a 17% share.

From 2012 to 2021, the average annual rate of growth in terms of value from Japan stood at -6.6%. The remaining supplying countries recorded the following average annual rates of imports growth: Thailand (+5.1% per year) and China (-16.3% per year).

Import Prices by Country

The average fuel or lubricating pump import price stood at $X per unit in 2021, picking up by 5.2% against the previous year. Over the period under review, the import price, however, saw a perceptible slump. The pace of growth appeared the most rapid in 2018 an increase of 9.8%. As a result, import price reached the peak level of $X per unit. From 2019 to 2021, the average import prices remained at a lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2021, 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 2021, the most notable rate of growth in terms of prices was attained by Thailand (+6.6%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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