Indonesia: Photo Camera Market 2024

Photo Camera Market Size in Indonesia

In 2022, the Indonesian photo camera market increased by 5.2% to $X, rising for the sixth year in a row after three years of decline. Overall, the total consumption indicated a measured increase from 2012 to 2022: its value increased at an average annual rate of +2.9% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption increased by +96.6% against 2016 indices. Over the period under review, the market attained the peak level in 2022 and is expected to retain growth in the near future.

Photo Camera Production in Indonesia

In value terms, photo camera production contracted slightly to $X in 2022 estimated in export price. In general, the total production indicated a mild expansion from 2012 to 2022: its value increased at an average annual rate of +1.7% 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 -0.7% against 2019 indices. The growth pace was the most rapid in 2019 with an increase of 30% against the previous year. Photo camera production peaked at $X in 2013; however, from 2014 to 2022, production remained at a lower figure.

Photo Camera Exports

Exports from Indonesia

In 2022, overseas shipments of photographic (other than cinematographic) cameras were finally on the rise to reach X units after two years of decline. Overall, exports saw significant growth. The pace of growth was the most pronounced in 2017 when exports increased by 454%. Over the period under review, the exports hit record highs at X units in 2019; however, from 2020 to 2022, the exports stood at a somewhat lower figure.

In value terms, photo camera exports surged to $X in 2022. Over the period under review, exports recorded prominent growth. The pace of growth appeared the most rapid in 2013 when exports increased by 316%. The exports peaked at $X in 2019; however, from 2020 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Japan (X units), China (X units) and the Netherlands (X units) were the main destinations of photo camera exports from Indonesia, together comprising 54% of total exports. France, Poland, South Korea, Norway, Russia, Thailand, the United Arab Emirates, Taiwan (Chinese), the Czech Republic and New Zealand lagged somewhat behind, together accounting for a further 36%.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Russia (with a CAGR of +95.4%), while the other leaders experienced more modest paces of growth.

In value terms, Thailand ($X), Japan ($X) and the Netherlands ($X) were the largest markets for photo camera exported from Indonesia worldwide, with a combined 45% share of total exports. France, China, the United Arab Emirates, the Czech Republic, New Zealand, Poland, South Korea, Russia, Norway and Taiwan (Chinese) lagged somewhat behind, together accounting for a further 31%.

Russia, with a CAGR of +75.5%, saw 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 photo camera export price stood at $X per unit in 2022, dropping by -21.7% against the previous year. Overall, the export price recorded a abrupt setback. The pace of growth was the most pronounced in 2013 when the average export price increased by 134%. As a result, the export price attained the peak level of $X per unit. From 2014 to 2022, the average export prices failed to regain momentum.

There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Thailand ($X per unit), while the average price for exports to China ($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 Thailand (+23.0%), while the prices for the other major destinations experienced more modest paces of growth.

Photo Camera Imports

Imports into Indonesia

In 2022, purchases abroad of photographic (other than cinematographic) cameras increased by 126% to X units, rising for the second consecutive year after two years of decline. In general, imports continue to indicate a buoyant increase. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, photo camera imports surged to $X in 2022. Overall, imports saw significant growth. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2022, China (X units) constituted the largest photo camera supplier to Indonesia, with a 43% share of total imports. Moreover, photo camera imports from China exceeded the figures recorded by the second-largest supplier, Spain (X units), threefold. The third position in this ranking was taken by Germany (X units), with a 10% share.

From 2012 to 2022, the average annual growth rate of volume from China amounted to +11.0%. The remaining supplying countries recorded the following average annual rates of imports growth: Spain (+161.4% per year) and Germany (+62.6% per year).

In value terms, Germany ($X) constituted the largest supplier of photographic (other than cinematographic) cameras to Indonesia, comprising 33% of total imports. The second position in the ranking was taken by Japan ($X), with a 13% share of total imports. It was followed by Singapore, with a 12% share.

From 2012 to 2022, the average annual growth rate of value from Germany totaled +54.8%. The remaining supplying countries recorded the following average annual rates of imports growth: Japan (+37.5% per year) and Singapore (+15.4% per year).

Import Prices by Country

In 2022, the average photo camera import price amounted to $X per unit, rising by 25% against the previous year. In general, the import price continues to indicate a buoyant increase. The growth pace was the most rapid in 2016 when the average import price increased by 190%. The import price peaked in 2022 and is expected to retain growth in the immediate term.

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 Germany ($X per unit), while the price for Thailand ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by South Korea (+29.6%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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