Indonesia: Market for Wiring sets used in vehicles, aircraft or ships 2024

Market Size for Wiring sets used in vehicles, aircraft or ships in Indonesia

The Indonesian market for wiring sets used in vehicles, aircraft or ships was estimated at $X in 2022, almost unchanged from the previous year. In general, the total consumption indicated a resilient increase from 2012 to 2022: its value increased at an average annual rate of +5.6% 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 +9.1% against 2020 indices. Consumption of peaked at $X in 2019; however, from 2020 to 2022, consumption failed to regain momentum.

Production of Wiring sets used in vehicles, aircraft or ships in Indonesia

In value terms, production of wiring sets used in vehicles, aircraft or ships shrank to $X in 2022 estimated in export price. Overall, the total production indicated a resilient expansion from 2012 to 2022: its value increased at an average annual rate of +5.1% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production increased by +3.1% against 2020 indices. The pace of growth appeared the most rapid in 2018 when the production volume increased by 24% against the previous year. Production of peaked at $X in 2019; however, from 2020 to 2022, production failed to regain momentum.

Exports of Wiring sets used in vehicles, aircraft or ships

Exports from Indonesia

In 2022, the amount of wiring sets used in vehicles, aircraft or ships exported from Indonesia reduced remarkably to X tons, shrinking by -18.5% against the previous year. In general, total exports indicated a modest expansion from 2012 to 2022: its volume increased at an average annual rate of +1.8% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports decreased by -28.1% against 2018 indices. The pace of growth appeared the most rapid in 2017 with an increase of 15%. The exports peaked at X tons in 2018; however, from 2019 to 2022, the exports failed to regain momentum.

In value terms, exports of wiring sets used in vehicles, aircraft or ships contracted to $X in 2022. Over the period under review, total exports indicated a notable increase from 2012 to 2022: its value increased at an average annual rate of +4.0% 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 +9.4% against 2020 indices. The most prominent rate of growth was recorded in 2021 when exports increased by 17% against the previous year. The exports peaked at $X in 2018; however, from 2019 to 2022, the exports remained at a lower figure.

Exports by Country

Japan (X tons) was the main destination for exports of wiring sets used in vehicles, aircraft or ships from Indonesia, with a 85% share of total exports. Moreover, exports of wiring sets used in vehicles, aircraft or ships to Japan exceeded the volume sent to the second major destination, the United States (X tons), more than tenfold. The third position in this ranking was held by Thailand (X tons), with a 2.1% share.

From 2012 to 2022, the average annual growth rate of volume to Japan totaled +5.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United States (-11.7% per year) and Thailand (+23.2% per year).

In value terms, Japan ($X) remains the key foreign market for wiring sets used in vehicles, aircraft or ships exports from Indonesia, comprising 83% of total exports. The second position in the ranking was taken by the United States ($X), with a 9.3% share of total exports. It was followed by Thailand, with a 1.9% share.

From 2012 to 2022, the average annual rate of growth in terms of value to Japan amounted to +6.7%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United States (-4.6% per year) and Thailand (+20.1% per year).

Export Prices by Country

In 2022, the average export price for wiring sets used in vehicles, aircraft or ships amounted to $X per ton, growing by 15% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +2.2%. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Singapore ($X per ton), while the average price for exports to Thailand ($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 Singapore (+9.3%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Wiring sets used in vehicles, aircraft or ships

Imports into Indonesia

In 2022, overseas purchases of wiring sets used in vehicles, aircraft or ships increased by 17% to X tons, rising for the second year in a row after three years of decline. Overall, imports recorded pronounced growth. The most prominent rate of growth was recorded in 2021 with an increase of 146%. Imports peaked at X tons in 2017; however, from 2018 to 2022, imports failed to regain momentum.

In value terms, imports of wiring sets used in vehicles, aircraft or ships soared to $X in 2022. In general, total imports indicated a moderate increase from 2012 to 2022: its value increased at an average annual rate of +3.6% 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 +130.6% against 2020 indices. The most prominent rate of growth was recorded in 2021 with an increase of 88%. Imports peaked at $X in 2013; however, from 2014 to 2022, imports remained at a lower figure.

Imports by Country

Thailand (X tons), Singapore (X tons) and Vietnam (X tons) were the main suppliers of imports of wiring sets used in vehicles, aircraft or ships to Indonesia, together accounting for 50% of total imports. South Korea, the Philippines, China, India, Malaysia, Japan, Germany, the United States and Mexico lagged somewhat behind, together accounting for a further 39%.

From 2012 to 2022, the biggest increases were recorded for India (with a CAGR of +28.1%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Thailand ($X), Singapore ($X) and Japan ($X) appeared to be the largest wiring sets used in vehicles, aircraft or ships suppliers to Indonesia, together comprising 48% of total imports. Vietnam, China, Germany, Malaysia, the United States, South Korea, the Philippines, Mexico and India lagged somewhat behind, together comprising a further 36%.

In terms of the main suppliers, Vietnam, with a CAGR of +23.3%, 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 import price for wiring sets used in vehicles, aircraft or ships amounted to $X per ton, picking up by 5.1% against the previous year. Over the last decade, it increased at an average annual rate of +1.2%. The most prominent rate of growth was recorded in 2013 an increase of 22% against the previous year. Over the period under review, average import prices hit record highs at $X per ton in 2020; however, from 2021 to 2022, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Japan ($X per ton), while the price for India ($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 (+11.0%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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