Indonesia: Passenger Car Market 2025

Passenger Car Market Size in Indonesia

The Indonesian passenger car market reached $X in 2021, surging by 7.9% against the previous year. Over the period under review, consumption, however, continues to indicate a slight decline. Passenger car consumption peaked at $X in 2012; however, from 2013 to 2021, consumption stood at a somewhat lower figure.

Passenger Car Production in Indonesia

In value terms, passenger car production expanded remarkably to $X in 2021 estimated in export price. Over the period under review, production, however, saw a relatively flat trend pattern. The growth pace was the most rapid in 2017 with an increase of 21%. Over the period under review, production hit record highs at $X in 2019; however, from 2020 to 2021, production remained at a lower figure.

Passenger Car Exports

Exports from Indonesia

In 2021, exports of passenger cars from Indonesia stood at X units, rising by 8% compared with 2020. Overall, exports recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2014 with an increase of 26%. The exports peaked at X units in 2019; however, from 2020 to 2021, the exports failed to regain momentum.

In value terms, passenger car exports soared to $X in 2021. Over the period under review, total exports indicated a temperate expansion from 2012 to 2021: its value increased at an average annual rate of +4.5% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, exports decreased by -14.8% against 2019 indices. Over the period under review, the exports reached the maximum at $X in 2019; however, from 2020 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

The Philippines (X units), Saudi Arabia (X units) and Vietnam (X units) were the main destinations of passenger car exports from Indonesia, with a combined 53% share of total exports.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Vietnam (with a CAGR of +60.5%), while the other leaders experienced more modest paces of growth.

In value terms, the Philippines ($X), Saudi Arabia ($X) and Vietnam ($X) appeared to be the largest markets for passenger car exported from Indonesia worldwide, with a combined 56% share of total exports.

In terms of the main countries of destination, Vietnam, with a CAGR of +63.8%, saw the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average passenger car export price stood at $X per unit in 2021, surging by 16% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +4.1%. The most prominent rate of growth was recorded in 2017 an increase of 27% against the previous year. Over the period under review, the average export prices hit record highs in 2021 and is likely to see gradual growth in the near future.

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 Saudi Arabia ($X per unit), while the average price for exports to South Africa ($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 Malaysia (+6.4%), while the prices for the other major destinations experienced more modest paces of growth.

Passenger Car Imports

Imports into Indonesia

In 2021, purchases abroad of passenger cars was finally on the rise to reach X units after four years of decline. Overall, imports, however, showed a abrupt curtailment. Over the period under review, imports attained the peak figure at X units in 2012; however, from 2013 to 2021, imports stood at a somewhat lower figure.

In value terms, passenger car imports surged to $X in 2021. Over the period under review, imports, however, faced a abrupt setback. Imports peaked at $X in 2012; however, from 2013 to 2021, imports remained at a lower figure.

Imports by Country

In 2021, Japan (X units) constituted the largest supplier of passenger car to Indonesia, accounting for a 36% share of total imports. Moreover, passenger car imports from Japan exceeded the figures recorded by the second-largest supplier, India (X units), twofold. Thailand (X units) ranked third in terms of total imports with a 16% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from Japan totaled -14.2%. The remaining supplying countries recorded the following average annual rates of imports growth: India (-2.7% per year) and Thailand (-28.9% per year).

In value terms, Japan ($X) constituted the largest supplier of passenger cars to Indonesia, comprising 39% of total imports. The second position in the ranking was held by Thailand ($X), with a 15% share of total imports. It was followed by South Korea, with a 15% share.

From 2012 to 2021, the average annual rate of growth in terms of value from Japan amounted to -11.0%. The remaining supplying countries recorded the following average annual rates of imports growth: Thailand (-25.2% per year) and South Korea (+7.1% per year).

Import Prices by Country

In 2021, the average passenger car import price amounted to $X per unit, picking up by 12% against the previous year. Over the last nine years, it increased at an average annual rate of +4.5%. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

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 the UK ($X per unit), while the price for India ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Malaysia (+6.2%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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