Indonesia: Market for Internal Combustion Engines, Excluding Diesel (Other Than For Motor Vehicles And Aircraft) 2024

Market Size for Internal Combustion Engines, Excluding Diesel (Other Than For Motor Vehicles And Aircraft) in Indonesia

The Indonesian market for internal combustion engines, excluding diesel (other than for motor vehicles and aircraft) was finally on the rise to reach $X in 2021, after two years of decline. Overall, the total consumption indicated a mild expansion from 2012 to 2021: its value increased at an average annual rate of +1.9% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption decreased by -26.6% against 2018 indices. Consumption of peaked at $X in 2018; however, from 2019 to 2021, consumption failed to regain momentum.

Production of Internal Combustion Engines, Excluding Diesel (Other Than For Motor Vehicles And Aircraft) in Indonesia

In value terms, production of internal combustion engines, excluding diesel (other than for motor vehicles and aircraft) shrank slightly to $X in 2021 estimated in export price. Over the period under review, production recorded prominent growth. The most prominent rate of growth was recorded in 2014 with an increase of 92%. Production of peaked at $X in 2017; however, from 2018 to 2021, production failed to regain momentum.

Exports of Internal Combustion Engines, Excluding Diesel (Other Than For Motor Vehicles And Aircraft)

Exports from Indonesia

Exports of internal combustion engines, excluding diesel (other than for motor vehicles and aircraft) from Indonesia soared to X tons in 2021, jumping by 70% against 2020 figures. Over the period under review, exports continue to indicate a significant expansion. The most prominent rate of growth was recorded in 2019 when exports increased by 307% against the previous year. The exports peaked in 2021 and are expected to retain growth in the immediate term.

In value terms, exports of internal combustion engines, excluding diesel (other than for motor vehicles and aircraft) surged to $X in 2021. In general, exports showed a significant expansion. The pace of growth appeared the most rapid in 2019 with an increase of 365% against the previous year. Over the period under review, the exports of reached the peak figure in 2021 and are likely to see gradual growth in the near future.

Exports by Country

The United States (X tons) was the main destination for exports of internal combustion engines, excluding diesel (other than for motor vehicles and aircraft) from Indonesia, with a 71% share of total exports. Moreover, exports of internal combustion engines, excluding diesel (other than for motor vehicles and aircraft) to the United States exceeded the volume sent to the second major destination, Austria (X tons), ninefold. The third position in this ranking was taken by South Korea (X tons), with a 3.2% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to the United States totaled +230.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: Austria (+53.3% per year) and South Korea (+91.7% per year).

In value terms, the United States ($X) remains the key foreign market for internal combustion engines, excluding diesel (other than for motor vehicles and aircraft) exports from Indonesia, comprising 72% of total exports. The second position in the ranking was held by Austria ($X), with a 7.4% share of total exports. It was followed by Germany, with a 2.5% share.

From 2012 to 2021, the average annual rate of growth in terms of value to the United States stood at +269.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: Austria (+68.5% per year) and Germany (+163.2% per year).

Export Prices by Country

In 2021, the average export price for internal combustion engines, excluding diesel (other than for motor vehicles and aircraft) amounted to $X per ton, surging by 6.9% against the previous year. In general, export price indicated pronounced growth from 2012 to 2021: its price increased at an average annual rate of +4.3% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, export price for internal combustion engines, excluding diesel (other than for motor vehicles and aircraft) increased by +71.1% against 2016 indices. The pace of growth was the most pronounced in 2015 when the average export price increased by 53% against the previous year. The export price peaked in 2021 and is likely to continue growth in years to come.

There were significant differences in the average prices for the major export markets. In 2021, amid the top suppliers, the country with the highest price was Malaysia ($X per ton), while the average price for exports to South Korea ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Germany (+16.1%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Internal Combustion Engines, Excluding Diesel (Other Than For Motor Vehicles And Aircraft)

Imports into Indonesia

In 2021, approx. X tons of internal combustion engines, excluding diesel (other than for motor vehicles and aircraft) were imported into Indonesia; jumping by 36% compared with the previous year. In general, total imports indicated a moderate expansion from 2012 to 2021: its volume increased at an average annual rate of +2.0% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Over the period under review, imports of reached the maximum at X tons in 2015; however, from 2016 to 2021, imports remained at a lower figure.

In value terms, imports of internal combustion engines, excluding diesel (other than for motor vehicles and aircraft) skyrocketed to $X in 2021. Over the period under review, imports, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2015 when imports increased by 35%. As a result, imports attained the peak of $X. From 2016 to 2021, the growth of imports of remained at a lower figure.

Imports by Country

In 2021, China (X tons) constituted the largest supplier of internal combustion engine (excl. diesel, moto vehicle and aircraft) to Indonesia, with a 68% share of total imports. Moreover, imports of internal combustion engines, excluding diesel (other than for motor vehicles and aircraft) from China exceeded the figures recorded by the second-largest supplier, Finland (X tons), fourfold. The third position in this ranking was held by Thailand (X tons), with a 6.9% share.

From 2012 to 2021, the average annual growth rate of volume from China totaled +3.6%. The remaining supplying countries recorded the following average annual rates of imports growth: Finland (+6.2% per year) and Thailand (-1.4% per year).

In value terms, the largest internal combustion engine (excl. diesel, moto vehicle and aircraft) suppliers to Indonesia were Finland ($X), China ($X) and Japan ($X), with a combined 87% share of total imports.

Among the main suppliers, China, with a CAGR of +6.5%, recorded the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced mixed trend patterns.

Import Prices by Country

In 2021, the average import price for internal combustion engines, excluding diesel (other than for motor vehicles and aircraft) amounted to $X per ton, with a decrease of -10.5% against the previous year. In general, the import price recorded a perceptible decline. The pace of growth appeared the most rapid in 2013 an increase of 11% against the previous year. The import price peaked at $X per ton in 2015; however, from 2016 to 2021, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2021, amid the top importers, the country with the highest price was Japan ($X per ton), while the price for China ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by China (+2.7%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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