Indonesia: Radiator Market 2025

Radiator Market Size in Indonesia

The Indonesian radiator market dropped remarkably to $X in 2022, which is down by -32.1% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). In general, consumption faced a abrupt contraction. As a result, consumption reached the peak level of $X. From 2019 to 2022, the growth of the market failed to regain momentum.

Radiator Exports

Exports from Indonesia

After three years of decline, overseas shipments of radiators for central heating (not electrically heated) increased by 487% to X tons in 2022. In general, exports, however, continue to indicate a abrupt downturn. The exports peaked at X tons in 2013; however, from 2014 to 2022, the exports failed to regain momentum.

In value terms, radiator exports surged to $X in 2022. Over the period under review, exports, however, faced a precipitous curtailment. The growth pace was the most rapid in 2018 with an increase of 852% against the previous year. Over the period under review, the exports hit record highs at $X in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Singapore (X tons), Timor-Leste (X tons) and Japan (X kg) were the main destinations of radiator exports from Indonesia, with a combined 99.9% share of total exports.

From 2012 to 2022, the biggest increases were recorded for Singapore (with a CAGR of +10.5%), while shipments for the other leaders experienced a decline.

In value terms, Singapore ($X), Timor-Leste ($X) and Japan ($X) were the largest markets for radiator exported from Indonesia worldwide, with a combined 100% share of total exports.

In terms of the main countries of destination, Singapore, with a CAGR of +4.0%, recorded the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced a decline.

Export Prices by Country

In 2022, the average radiator export price amounted to $X per ton, declining by -59.8% against the previous year. In general, the export price saw a abrupt setback. The growth pace was the most rapid in 2014 an increase of 124% against the previous year. As a result, the export price attained the peak level of $X per ton. From 2015 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 Japan ($X per ton), while the average price for exports to Qatar ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Kuwait (+15.5%), while the prices for the other major destinations experienced more modest paces of growth.

Radiator Imports

Imports into Indonesia

In 2022, imports of radiators for central heating (not electrically heated) into Indonesia fell sharply to X tons, waning by -36.4% on 2021 figures. Overall, imports recorded a abrupt contraction. The most prominent rate of growth was recorded in 2017 with an increase of 156% against the previous year. Over the period under review, imports attained the peak figure at X tons in 2018; however, from 2019 to 2022, imports remained at a lower figure.

In value terms, radiator imports dropped rapidly to $X in 2022. In general, imports faced a abrupt descent. The most prominent rate of growth was recorded in 2018 when imports increased by 178% against the previous year. As a result, imports reached the peak of $X. From 2019 to 2022, the growth of imports failed to regain momentum.

Imports by Country

In 2022, China (X tons) constituted the largest radiator supplier to Indonesia, with a 42% share of total imports. Moreover, radiator imports from China exceeded the figures recorded by the second-largest supplier, Malaysia (X tons), twofold. The third position in this ranking was held by the United States (X tons), with a 14% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from China amounted to -5.9%. The remaining supplying countries recorded the following average annual rates of imports growth: Malaysia (+4.4% per year) and the United States (-22.1% per year).

In value terms, the largest radiator suppliers to Indonesia were the United States ($X), China ($X) and Thailand ($X), with a combined 69% share of total imports. Australia, Malaysia, South Korea, Singapore and Italy lagged somewhat behind, together comprising a further 22%.

Among the main suppliers, Italy, with a CAGR of +44.0%, recorded the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the average radiator import price amounted to $X per ton, picking up by 29% against the previous year. Overall, the import price, however, saw a slight setback. The pace of growth appeared the most rapid in 2015 an increase of 37%. The import price peaked at $X per ton in 2016; however, from 2017 to 2022, import prices failed to regain momentum.

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 Thailand ($X per ton), while the price for Malaysia ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Thailand (+12.5%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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