Indonesia: Market for Road Tractors For Semi-Trailers 2024

Market Size for Road Tractors For Semi-Trailers in Indonesia

After two years of decline, the Indonesian road tractor for semi-trailer market increased by 164% to $X in 2021. Over the period under review, consumption, however, showed a abrupt contraction. Road tractor for semi-trailer consumption peaked at $X in 2013; however, from 2014 to 2021, consumption remained at a lower figure.

Exports of Road Tractors For Semi-Trailers

Exports from Indonesia

In 2021, road tractor for semi-trailer exports from Indonesia skyrocketed to X units, rising by 200% compared with the previous year's figure. In general, exports, however, recorded a dramatic contraction. The pace of growth was the most pronounced in 2016 when exports increased by 1,033% against the previous year. The exports peaked at X units in 2012; however, from 2013 to 2021, the exports failed to regain momentum.

In value terms, road tractor for semi-trailer exports soared to $X in 2021. Overall, exports, however, faced a dramatic descent. The growth pace was the most rapid in 2016 with an increase of 749%. The exports peaked at $X in 2012; however, from 2013 to 2021, the exports failed to regain momentum.

Exports by Country

Singapore (X units), China (X units) and Timor-Leste (X units) were the main destinations of road tractor for semi-trailer exports from Indonesia. Moreover, road tractor for semi-trailer exports in Singapore exceeded the figures recorded by the second-largest exporter, China, twofold.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Timor-Leste (with a CAGR of 0.0%), while the other leaders experienced mixed trend patterns.

In value terms, Singapore ($X) remains the key foreign market for road tractors for semi-trailers exports from Indonesia, comprising 94% of total exports. The second position in the ranking was held by China ($X), with a 3% share of total exports. It was followed by Timor-Leste, with a 1.7% share.

From 2012 to 2021, the average annual rate of growth in terms of value to Singapore amounted to +230.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: China (-37.6% per year) and Timor-Leste (-14.4% per year).

Export Prices by Country

In 2021, the average road tractor for semi-trailer export price amounted to $X per unit, falling by -54.4% against the previous year. Over the period under review, the export price, however, posted a pronounced increase. The pace of growth was the most pronounced in 2020 an increase of 1,311%. As a result, the export price reached the peak level of $X per unit, and then shrank notably in the following year.

There were significant differences in the average prices for the major foreign markets. In 2021, amid the top suppliers, the country with the highest price was the United Arab Emirates ($X per unit), while the average price for exports to Timor-Leste ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to the Netherlands (+66.8%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Road Tractors For Semi-Trailers

Imports into Indonesia

In 2021, after two years of decline, there was significant growth in overseas purchases of road tractors for semi-trailers, when their volume increased by 154% to X units. In general, imports, however, recorded a deep reduction. Imports peaked at X units in 2013; however, from 2014 to 2021, imports failed to regain momentum.

In value terms, road tractor for semi-trailer imports soared to $X in 2021. Over the period under review, imports, however, saw a abrupt descent. Over the period under review, imports attained the peak figure at $X in 2013; however, from 2014 to 2021, imports remained at a lower figure.

Imports by Country

Sweden (X units), China (X units) and France (X units) were the main suppliers of road tractor for semi-trailer imports to Indonesia, with a combined 87% share of total imports. Thailand, Belgium, Italy, the Netherlands, Germany and Japan lagged somewhat behind, together accounting for a further 12%.

From 2012 to 2021, the biggest increases were recorded for Thailand (with a CAGR of +50.6%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest road tractor for semi-trailer suppliers to Indonesia were Sweden ($X), China ($X) and France ($X), with a combined 86% share of total imports. These countries were followed by Thailand, Belgium, Italy, the Netherlands, Germany, Japan, India and the UK, which together accounted for a further 13%.

Thailand, with a CAGR of +226.9%, recorded the highest rates of growth with regard to the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2021, the average road tractor for semi-trailer import price amounted to $X per unit, with an increase of 5.9% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +1.3%. The growth pace was the most rapid in 2017 an increase of 29%. The import price peaked at $X per unit in 2018; however, from 2019 to 2021, import prices stood at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the UK ($X per unit), while the price for India ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the UK (+4.6%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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