Indonesia: Refrigerator And Freezer Market 2024

Refrigerator And Freezer Market Size in Indonesia

The Indonesian refrigerator and freezer market was estimated at $X in 2022, approximately equating the previous year. The market value increased at an average annual rate of X% over the period from 2012 to 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations in certain years. Over the period under review, the market reached the maximum level at $X in 2018; however, from 2019 to 2022, consumption stood at a somewhat lower figure.

Refrigerator And Freezer Production in Indonesia

In value terms, refrigerator and freezer production rose to $X in 2022 estimated in export price. The total output value increased at an average annual rate of X% from 2012 to 2022; the trend pattern remained consistent, with somewhat noticeable fluctuations being observed in certain years. The growth pace was the most rapid in 2015 when the production volume increased by X% against the previous year. Refrigerator and freezer production peaked at $X in 2018; however, from 2019 to 2022, production failed to regain momentum.

Refrigerator And Freezer Exports

Exports from Indonesia

In 2022, the amount of refrigerators and freezers exported from Indonesia skyrocketed to X units, with an increase of X% compared with the previous year's figure. The total export volume increased at an average annual rate of X% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The growth pace was the most rapid in 2019 when exports increased by X%. The exports peaked in 2022 and are expected to retain growth in years to come.

In value terms, refrigerator and freezer exports fell modestly to $X in 2022. In general, total exports indicated a mild increase from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by X% against 2016 indices. The growth pace was the most rapid in 2021 when exports increased by X%. As a result, the exports attained the peak of $X, leveling off in the following year.

Exports by Country

India (X units) was the main destination for refrigerator and freezer exports from Indonesia, with a X% share of total exports. Moreover, refrigerator and freezer exports to India exceeded the volume sent to the second major destination, Japan (X units), twofold. The third position in this ranking was taken by Vietnam (X units), with an X% share.

From 2012 to 2022, the average annual growth rate of volume to India totaled X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Japan (X% per year) and Vietnam (X% per year).

In value terms, the largest markets for refrigerator and freezer exported from Indonesia were India ($X), Japan ($X) and Vietnam ($X), with a combined X% share of total exports. South Korea, Thailand, the Philippines, the United States, the United Arab Emirates, Australia, Malaysia, Taiwan (Chinese), Saudi Arabia and Egypt lagged somewhat behind, together accounting for a further X%.

Among the main countries of destination, the United States, with a CAGR of X%, saw the highest rates of growth with regard to 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

In 2022, the average refrigerator and freezer export price amounted to $X per unit, reducing by X% against the previous year. In general, the export price continues to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2017 when the average export price increased by X%. Over the period under review, the average export prices hit record highs at $X per unit in 2021, and then contracted markedly in the following year.

Average prices varied somewhat for the major foreign markets. In 2022, amid the top suppliers, the countries with the highest prices were the United States ($X per unit) and Taiwan (Chinese) ($X per unit), while the average price for exports to India ($X per unit) and the Philippines ($X per unit) were amongst the lowest.

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

Refrigerator And Freezer Imports

Imports into Indonesia

In 2022, supplies from abroad of refrigerators and freezers decreased by X% to X units for the first time since 2017, thus ending a four-year rising trend. In general, imports, however, recorded prominent growth. The most prominent rate of growth was recorded in 2016 when imports increased by X% against the previous year. Imports peaked at X units in 2021, and then dropped in the following year.

In value terms, refrigerator and freezer imports expanded modestly to $X in 2022. Over the period under review, imports, however, posted a resilient increase. The pace of growth appeared the most rapid in 2018 when imports increased by X%. Over the period under review, imports hit record highs in 2022 and are likely to see steady growth in years to come.

Imports by Country

In 2022, China (X units) constituted the largest refrigerator and freezer supplier to Indonesia, accounting for a X% share of total imports. Moreover, refrigerator and freezer imports from China exceeded the figures recorded by the second-largest supplier, Thailand (X units), fivefold.

From 2012 to 2022, the average annual rate of growth in terms of volume from China amounted to X%. The remaining supplying countries recorded the following average annual rates of imports growth: Thailand (X% per year) and Vietnam (X% per year).

In value terms, China ($X) constituted the largest supplier of refrigerators and freezers to Indonesia, comprising X% of total imports. The second position in the ranking was taken by Thailand ($X), with a X% share of total imports.

From 2012 to 2022, the average annual growth rate of value from China stood at X%. The remaining supplying countries recorded the following average annual rates of imports growth: Thailand (X% per year) and Vietnam (X% per year).

Import Prices by Country

In 2022, the average refrigerator and freezer import price amounted to $X per unit, increasing by X% against the previous year. Over the last decade, it increased at an average annual rate of X%. The import price peaked at $X per unit in 2014; however, from 2015 to 2022, import prices stood at a somewhat lower figure.

Average prices varied somewhat amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Thailand ($X per unit), while the price for China ($X per unit) was amongst the lowest.

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

Source: IndexBox Platform

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