Indonesia: Market for Vacuum Cleaners With Motor 2024

Market Size for Vacuum Cleaners With Motor in Indonesia

The Indonesian vacuum cleaner with motor market fell to $X in 2021, reducing by -11.1% against the previous year. The market value increased at an average annual rate of +4.1% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. Over the period under review, the market attained the peak level at $X in 2015; however, from 2016 to 2021, consumption stood at a somewhat lower figure.

Production of Vacuum Cleaners With Motor in Indonesia

In value terms, vacuum cleaner with motor production contracted to $X in 2021 estimated in export price. In general, the total production indicated strong growth from 2012 to 2021: its value increased at an average annual rate of +5.0% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, production increased by +9.7% against 2019 indices. The most prominent rate of growth was recorded in 2013 when the production volume increased by 43%. Over the period under review, production reached the peak level at $X in 2015; however, from 2016 to 2021, production failed to regain momentum.

Exports of Vacuum Cleaners With Motor

Exports from Indonesia

In 2021, the amount of vacuum cleaners with motor exported from Indonesia surged to X tons, growing by 525% on the previous year. Overall, exports enjoyed a significant expansion. The most prominent rate of growth was recorded in 2019 when exports increased by 823% against the previous year. Over the period under review, the exports hit record highs in 2021 and are likely to see gradual growth in the immediate term.

In value terms, vacuum cleaner with motor exports soared to $X in 2021. Over the period under review, exports showed significant growth. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

The United States (X tons) was the main destination for vacuum cleaner with motor exports from Indonesia, with a 71% share of total exports. Moreover, vacuum cleaner with motor exports to the United States exceeded the volume sent to the second major destination, Singapore (X tons), threefold. The third position in this ranking was held by Slovenia (X tons), with a 0.3% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to the United States amounted to +158.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: Singapore (+116.0% per year) and Slovenia (0.0% per year).

In value terms, the United States ($X) remains the key foreign market for vacuum cleaners with motor exports from Indonesia, comprising 67% of total exports. The second position in the ranking was taken by Singapore ($X), with a 29% share of total exports. It was followed by Slovenia, with a 0.5% share.

From 2012 to 2021, the average annual rate of growth in terms of value to the United States amounted to +205.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: Singapore (+91.1% per year) and Slovenia (0.0% per year).

Export Prices by Country

The average vacuum cleaner with motor export price stood at $X per ton in 2021, picking up by 5.8% against the previous year. Over the period under review, the export price enjoyed measured growth. The growth pace was the most rapid in 2016 an increase of 213%. As a result, the export price reached the peak level of $X per ton. From 2017 to 2021, the average export prices remained at a somewhat lower figure.

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 Slovenia ($X per ton), while the average price for exports to Timor-Leste ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to the United States (+18.2%), while the prices for the other major destinations experienced mixed trend patterns.

Imports of Vacuum Cleaners With Motor

Imports into Indonesia

In 2021, imports of vacuum cleaners with motor into Indonesia skyrocketed to X tons, jumping by 27% against 2020 figures. Over the period under review, total imports indicated buoyant growth from 2012 to 2021: its volume increased at an average annual rate of +9.5% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports increased by +67.8% against 2017 indices. The most prominent rate of growth was recorded in 2016 with an increase of 72%. As a result, imports attained the peak of X tons. From 2017 to 2021, the growth of imports remained at a somewhat lower figure.

In value terms, vacuum cleaner with motor imports surged to $X in 2021. Overall, imports recorded a remarkable increase. The most prominent rate of growth was recorded in 2016 when imports increased by 85% against the previous year. Imports peaked in 2021 and are expected to retain growth in the immediate term.

Imports by Country

In 2021, China (X tons) was the main vacuum cleaner with motor supplier to Indonesia, with a 93% share of total imports. It was followed by Vietnam (X tons), with a 1.9% share of total imports. The third position in this ranking was held by Malaysia (X tons), with a 1.7% share.

From 2012 to 2021, the average annual growth rate of volume from China stood at +10.7%. The remaining supplying countries recorded the following average annual rates of imports growth: Vietnam (+60.7% per year) and Malaysia (-5.4% per year).

In value terms, China ($X) constituted the largest supplier of vacuum cleaners with motor to Indonesia, comprising 89% of total imports. The second position in the ranking was taken by Malaysia ($X), with a 4.9% share of total imports. It was followed by Vietnam, with a 1% share.

From 2012 to 2021, the average annual rate of growth in terms of value from China stood at +20.0%. The remaining supplying countries recorded the following average annual rates of imports growth: Malaysia (+10.4% per year) and Vietnam (+27.8% per year).

Import Prices by Country

The average vacuum cleaner with motor import price stood at $X per ton in 2021, with an increase of 15% against the previous year. In general, import price indicated strong growth from 2012 to 2021: its price increased at an average annual rate of +6.6% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, vacuum cleaner with motor import price increased by +97.3% against 2014 indices. The most prominent rate of growth was recorded in 2020 an increase of 17% against the previous year. The import price peaked in 2021 and is likely to see steady growth in years to come.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Malaysia (+16.7%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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