Indonesia: Relay Market 2025

Relay Market Size in Indonesia

The Indonesian relay market dropped sharply to $X in 2022, falling by -16.9% against the previous year. Overall, consumption continues to indicate a perceptible slump. As a result, consumption attained the peak level of $X. From 2019 to 2022, the growth of the market remained at a somewhat lower figure.

Relay Production in Indonesia

In value terms, relay production declined slightly to $X in 2022 estimated in export price. The total output value increased at an average annual rate of +3.7% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2014 with an increase of 24% against the previous year. Relay production peaked at $X in 2015; however, from 2016 to 2022, production failed to regain momentum.

Relay Exports

Exports from Indonesia

In 2022, overseas shipments of relays increased by 42% to X units, rising for the second consecutive year after three years of decline. In general, exports enjoyed a buoyant increase. The pace of growth appeared the most rapid in 2014 when exports increased by 49% against the previous year. Over the period under review, the exports hit record highs in 2022 and are expected to retain growth in the near future.

In value terms, relay exports surged to $X in 2022. Over the period under review, exports enjoyed a buoyant increase. The pace of growth appeared the most rapid in 2013 with an increase of 64%. Over the period under review, the exports hit record highs in 2022 and are expected to retain growth in the immediate term.

Exports by Country

Singapore (X units), the United States (X units) and China (X units) were the main destinations of relay exports from Indonesia, together accounting for 51% of total exports. France, Japan, Thailand, South Korea, Brazil, Mexico, Vietnam, the Netherlands, the United Arab Emirates and the Philippines lagged somewhat behind, together accounting for a further 37%.

From 2012 to 2022, the biggest increases were recorded for South Korea (with a CAGR of +50.6%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Singapore ($X), France ($X) and the United States ($X) constituted the largest markets for relay exported from Indonesia worldwide, with a combined 52% share of total exports. China, Japan, Thailand, South Korea, Mexico, Brazil, the United Arab Emirates, the Netherlands, Vietnam and the Philippines lagged somewhat behind, together accounting for a further 32%.

South Korea, with a CAGR of +38.6%, recorded the highest rates of growth with regard to the value of exports, in terms of 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 relay export price amounted to $X per unit, waning by -4% against the previous year. In general, the export price saw a pronounced curtailment. The most prominent rate of growth was recorded in 2013 an increase of 19% against the previous year. As a result, the export price reached the peak level of $X per unit. From 2014 to 2022, the average export prices remained at a lower figure.

There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was France ($X per unit), while the average price for exports to the United States ($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 (+1.4%), while the prices for the other major destinations experienced more modest paces of growth.

Relay Imports

Imports into Indonesia

In 2022, approx. X units of relays were imported into Indonesia; increasing by 26% against 2021. Over the period under review, total imports indicated resilient growth from 2012 to 2022: its volume increased at an average annual rate of +6.5% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +62.5% against 2020 indices. The most prominent rate of growth was recorded in 2021 when imports increased by 29% against the previous year. Over the period under review, imports attained the maximum in 2022 and are expected to retain growth in the near future.

In value terms, relay imports soared to $X in 2022. The total import value increased at an average annual rate of +2.7% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

China (X units), Thailand (X units) and Singapore (X units) were the main suppliers of relay imports to Indonesia, with a combined 74% share of total imports. Japan, Vietnam and Taiwan (Chinese) lagged somewhat behind, together accounting for a further 19%.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Vietnam (with a CAGR of +14.5%), while imports for the other leaders experienced more modest paces of growth.

In value terms, China ($X), Singapore ($X) and Japan ($X) were the largest relay suppliers to Indonesia, with a combined 62% share of total imports. Thailand, Vietnam and Taiwan (Chinese) lagged somewhat behind, together accounting for a further 20%.

Among the main suppliers, Vietnam, with a CAGR of +18.9%, 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 relay import price amounted to $X per unit, almost unchanged from the previous year. Overall, the import price saw a perceptible shrinkage. The pace of growth appeared the most rapid in 2015 when the average import price increased by 12% against the previous year. Over the period under review, average import prices hit record highs at $X per unit in 2012; however, from 2013 to 2022, import prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Singapore ($X per unit), while the price for Taiwan (Chinese) ($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 (+3.8%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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