Indonesia: Engine Generator Market 2024

Engine Generator Market Size in Indonesia

In 2022, the Indonesian engine generator market increased by 55% to $X, rising for the second consecutive year after three years of decline. In general, consumption, however, continues to indicate a abrupt curtailment. Engine generator consumption peaked at $X in 2012; however, from 2013 to 2022, consumption failed to regain momentum.

Engine Generator Exports

Exports from Indonesia

In 2022, the amount of generators for internal combustion engines exported from Indonesia contracted notably to X units, dropping by -18.1% compared with 2021 figures. Over the period under review, exports recorded a slight downturn. The most prominent rate of growth was recorded in 2016 when exports increased by 85%. As a result, the exports attained the peak of X units. From 2017 to 2022, the growth of the exports remained at a lower figure.

In value terms, engine generator exports stood at $X in 2022. In general, total exports indicated mild growth from 2012 to 2022: its value increased at an average annual rate of +1.5% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +31.6% against 2020 indices. The most prominent rate of growth was recorded in 2016 when exports increased by 69% against the previous year. The exports peaked at $X in 2018; however, from 2019 to 2022, the exports failed to regain momentum.

Exports by Country

Japan (X units), Mexico (X units) and Thailand (X units) were the main destinations of engine generator exports from Indonesia, with a combined 86% share of total exports. Malaysia, Vietnam, India, Singapore, South Korea and the Philippines lagged somewhat behind, together accounting for a further 12%.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by India (with a CAGR of +101.8%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for engine generator exported from Indonesia were Japan ($X), Mexico ($X) and Thailand ($X), together comprising 86% of total exports. Malaysia, Vietnam, India, Singapore, South Korea and the Philippines lagged somewhat behind, together comprising a further 13%.

India, with a CAGR of +114.3%, recorded 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

The average engine generator export price stood at $X per unit in 2022, increasing by 33% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +3.2%. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.

Average prices varied noticeably for the major foreign markets. In 2022, amid the top suppliers, the countries with the highest prices were the Philippines ($X per unit) and Singapore ($X per unit), while the average price for exports to Vietnam ($X per unit) and South Korea ($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 India (+6.2%), while the prices for the other major destinations experienced more modest paces of growth.

Engine Generator Imports

Imports into Indonesia

In 2022, the amount of generators for internal combustion engines imported into Indonesia declined to X units, which is down by -4.6% on 2021. In general, imports continue to indicate a deep downturn. The growth pace was the most rapid in 2021 with an increase of 32%. Over the period under review, imports reached the maximum at X units in 2012; however, from 2013 to 2022, imports failed to regain momentum.

In value terms, engine generator imports skyrocketed to $X in 2022. Overall, imports saw a perceptible contraction. The pace of growth appeared the most rapid in 2021 when imports increased by 58%. Over the period under review, imports reached the maximum at $X in 2013; however, from 2014 to 2022, imports failed to regain momentum.

Imports by Country

In 2022, Thailand (X units) constituted the largest engine generator supplier to Indonesia, with a 48% share of total imports. Moreover, engine generator imports from Thailand exceeded the figures recorded by the second-largest supplier, Japan (X units), twofold. The third position in this ranking was taken by China (X units), with a 12% share.

From 2012 to 2022, the average annual growth rate of volume from Thailand totaled -14.0%. The remaining supplying countries recorded the following average annual rates of imports growth: Japan (-12.6% per year) and China (-8.7% per year).

In value terms, Thailand ($X) constituted the largest supplier of generators for internal combustion engines to Indonesia, comprising 49% of total imports. The second position in the ranking was held by Japan ($X), with a 20% share of total imports. It was followed by China, with a 12% share.

From 2012 to 2022, the average annual growth rate of value from Thailand totaled -7.0%. The remaining supplying countries recorded the following average annual rates of imports growth: Japan (-5.6% per year) and China (-1.7% per year).

Import Prices by Country

The average engine generator import price stood at $X per unit in 2022, with an increase of 62% against the previous year. Overall, the import price recorded a prominent increase. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Malaysia (+8.1%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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