Indonesia: Market for Steering Wheels, Steering Columns And Steering Boxes 2025

Market Size for Steering Wheels, Steering Columns And Steering Boxes in Indonesia

In 2022, the Indonesian steering wheels and columns market increased by 41% to $X, rising for the second year in a row after two years of decline. Over the period under review, the total consumption indicated a tangible increase from 2012 to 2022: its value increased at an average annual rate of +2.3% 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 +130.8% against 2020 indices. Over the period under review, the market reached the peak level at $X in 2014; however, from 2015 to 2022, consumption failed to regain momentum.

Exports of Steering Wheels, Steering Columns And Steering Boxes

Exports from Indonesia

Steering wheels and columns exports from Indonesia soared to X tons in 2022, jumping by 18% against the previous year. In general, exports saw a remarkable increase. The growth pace was the most rapid in 2018 when exports increased by 104% against the previous year. Over the period under review, the exports attained the peak figure at X tons in 2019; however, from 2020 to 2022, the exports failed to regain momentum.

In value terms, steering wheels and columns exports contracted to $X in 2022. Over the period under review, exports showed a prominent increase. The pace of growth was the most pronounced in 2021 when exports increased by 90%. As a result, the exports reached the peak of $X, and then fell modestly in the following year.

Exports by Country

Japan (X tons) was the main destination for steering wheels and columns exports from Indonesia, accounting for a 58% share of total exports. Moreover, steering wheels and columns exports to Japan exceeded the volume sent to the second major destination, Thailand (X tons), fourfold. Vietnam (X tons) ranked third in terms of total exports with an 11% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Japan totaled +17.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: Thailand (+21.9% per year) and Vietnam (+44.6% per year).

In value terms, Japan ($X) emerged as the key foreign market for steering wheels, steering columns and steering boxes exports from Indonesia, comprising 50% of total exports. The second position in the ranking was taken by Malaysia ($X), with a 23% share of total exports. It was followed by Vietnam, with an 8.6% share.

From 2012 to 2022, the average annual growth rate of value to Japan stood at +5.9%. Exports to the other major destinations recorded the following average annual rates of exports growth: Malaysia (+26.8% per year) and Vietnam (+36.3% per year).

Export Prices by Country

The average steering wheels and columns export price stood at $X per ton in 2022, with a decrease of -17.2% against the previous year. Overall, the export price continues to indicate a abrupt decline. The pace of growth was the most pronounced in 2020 an increase of 52%. The export price peaked at $X per ton in 2012; however, from 2013 to 2022, the export prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Malaysia ($X per ton), while the average price for exports to Thailand ($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 Malaysia (+9.0%), while the prices for the other major destinations experienced mixed trend patterns.

Imports of Steering Wheels, Steering Columns And Steering Boxes

Imports into Indonesia

In 2022, purchases abroad of steering wheels, steering columns and steering boxes increased by 41% to X tons, rising for the second consecutive year after two years of decline. Overall, total imports indicated a resilient increase from 2012 to 2022: its volume increased at an average annual rate of +5.0% 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 +133.6% against 2020 indices. The pace of growth appeared the most rapid in 2021 with an increase of 66% against the previous year. Imports peaked in 2022 and are likely to see steady growth in the immediate term.

In value terms, steering wheels and columns imports soared to $X in 2022. Over the period under review, total imports indicated a moderate increase from 2012 to 2022: its value increased at an average annual rate of +3.4% 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 +122.8% against 2020 indices. The growth pace was the most rapid in 2021 with an increase of 65%. Over the period under review, imports hit record highs in 2022 and are likely to see gradual growth in years to come.

Imports by Country

China (X tons), Thailand (X tons) and Japan (X tons) were the main suppliers of steering wheels and columns imports to Indonesia, together accounting for 82% of total imports. India and Malaysia lagged somewhat behind, together comprising a further 13%.

From 2012 to 2022, the biggest increases were recorded for India (with a CAGR of +27.6%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest steering wheels and columns suppliers to Indonesia were Thailand ($X), Japan ($X) and China ($X), together comprising 79% of total imports. India and Malaysia lagged somewhat behind, together comprising a further 14%.

In terms of the main suppliers, India, with a CAGR of +34.8%, recorded the highest rates of growth with regard to 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

The average steering wheels and columns import price stood at $X per ton in 2022, dropping by -4.3% against the previous year. In general, the import price saw a slight reduction. The most prominent rate of growth was recorded in 2018 when the average import price increased by 19%. The import price peaked at $X per ton 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 India ($X per ton), while the price for China ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+12.4%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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