Indonesia: Pedestrian-Controlled Tractor Market 2024

Pedestrian-Controlled Tractor Market Size in Indonesia

The Indonesian pedestrian-controlled tractor market rose significantly to $X in 2022, picking up by 5.7% against the previous year. Over the period under review, the total consumption indicated a moderate increase from 2012 to 2022: its value increased at an average annual rate of +4.0% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption decreased by -6.7% against 2020 indices. As a result, consumption reached the peak level of $X. From 2021 to 2022, the growth of the market remained at a somewhat lower figure.

Pedestrian-Controlled Tractor Production in Indonesia

In value terms, pedestrian-controlled tractor production rose significantly to $X in 2022 estimated in export price. Over the period under review, the total production indicated temperate growth from 2012 to 2022: its value increased at an average annual rate of +4.8% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production decreased by -5.4% against 2020 indices. The pace of growth was the most pronounced in 2013 when the production volume increased by 28%. Over the period under review, production reached the maximum level at $X in 2020; however, from 2021 to 2022, production failed to regain momentum.

Pedestrian-Controlled Tractor Exports

Exports from Indonesia

Pedestrian-controlled tractor exports from Indonesia surged to X units in 2022, rising by 117% against the previous year. Overall, exports showed a significant expansion. The most prominent rate of growth was recorded in 2021 when exports increased by 280% against the previous year. The exports peaked in 2022 and are expected to retain growth in years to come.

In value terms, pedestrian-controlled tractor exports totaled $X in 2022. In general, exports enjoyed buoyant growth. The pace of growth was the most pronounced in 2021 with an increase of 245%. Over the period under review, the exports reached the maximum at $X in 2019; however, from 2020 to 2022, the exports remained at a lower figure.

Exports by Country

Timor-Leste (X units), Thailand (X units) and the Dominican Republic (X units) were the main destinations of pedestrian-controlled tractor exports from Indonesia, together accounting for 90% of total exports.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Thailand (with a CAGR of +86.4%), while the other leaders experienced more modest paces of growth.

In value terms, Timor-Leste ($X), Thailand ($X) and the Dominican Republic ($X) constituted the largest markets for pedestrian-controlled tractor exported from Indonesia worldwide, with a combined 84% share of total exports.

Thailand, with a CAGR of +72.9%, 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

In 2022, the average pedestrian-controlled tractor export price amounted to $X per unit, waning by -52% against the previous year. Overall, the export price continues to indicate a abrupt decline. The growth pace was the most rapid in 2018 when the average export price increased by 61% against the previous year. The export price peaked at $X per unit in 2014; however, from 2015 to 2022, the export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the Dominican Republic ($X per unit), while the average price for exports to Timor-Leste ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Singapore (+21.9%), while the prices for the other major destinations experienced more modest paces of growth.

Pedestrian-Controlled Tractor Imports

Imports into Indonesia

In 2022, overseas purchases of pedestrian-controlled tractors increased by 10% to X units, rising for the second consecutive year after two years of decline. In general, imports, however, continue to indicate a perceptible decrease. The most prominent rate of growth was recorded in 2018 with an increase of 117% against the previous year. As a result, imports attained the peak of X units. From 2019 to 2022, the growth of imports remained at a lower figure.

In value terms, pedestrian-controlled tractor imports shrank markedly to $X in 2022. Overall, imports, however, recorded a abrupt curtailment. The most prominent rate of growth was recorded in 2018 when imports increased by 102% against the previous year. As a result, imports attained the peak of $X. From 2019 to 2022, the growth of imports remained at a lower figure.

Imports by Country

In 2022, China (X units) constituted the largest pedestrian-controlled tractor supplier to Indonesia, with a 84% share of total imports. Moreover, pedestrian-controlled tractor imports from China exceeded the figures recorded by the second-largest supplier, Malaysia (X units), sevenfold.

From 2012 to 2022, the average annual growth rate of volume from China stood at -4.1%. The remaining supplying countries recorded the following average annual rates of imports growth: Malaysia (+46.3% per year) and Italy (-12.2% per year).

In value terms, China ($X) constituted the largest supplier of pedestrian-controlled tractors to Indonesia, comprising 75% of total imports. The second position in the ranking was held by Malaysia ($X), with a 17% share of total imports.

From 2012 to 2022, the average annual growth rate of value from China totaled -5.6%. The remaining supplying countries recorded the following average annual rates of imports growth: Malaysia (+3.7% per year) and Italy (-15.1% per year).

Import Prices by Country

In 2022, the average pedestrian-controlled tractor import price amounted to $X per unit, shrinking by -44.2% against the previous year. Over the period under review, the import price recorded a pronounced contraction. The growth pace was the most rapid in 2014 when the average import price increased by 66% against the previous year. Over the period under review, average import prices hit record highs at $X per unit in 2019; however, from 2020 to 2022, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Italy ($X per unit), while the price for China ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Belarus (+7.0%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :