Report Update: May 1, 2024

Indonesia - Passenger Cars - Market Analysis, Forecast, Size, Trends And Insights

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Passenger Car Price in Indonesia - 2022

Passenger Car Price in Indonesia (FOB) - 2022

In March 2022, the average passenger car export price amounted to $20,834 per unit, surging by 3.7% against the previous month. In general, export price indicated a noticeable increase from March 2021 to March 2022: its price increased at an average monthly rate of +4.3% over the last twelve months. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on March 2022 figures, passenger car export price increased by +61.3% against October 2021 indices. The most prominent rate of growth was recorded in February 2022 when the average export price increased by 51% m-o-m. Over the period under review, the average export prices hit record highs in March 2022.

Average prices varied somewhat for the major foreign markets. In March 2022, the countries with the highest prices were Thailand ($25,631 per unit) and the United Arab Emirates ($24,826 per unit), while the average price for exports to Pakistan ($17,785 per unit) and Chile ($17,889 per unit) were amongst the lowest.

From March 2021 to March 2022, the most notable rate of growth in terms of prices was recorded for supplies to Pakistan (+7.6%), while the prices for the other major destinations experienced more modest paces of growth.

Passenger Car Price in Indonesia (CIF) - 2022

In March 2022, the average passenger car import price amounted to $24,928 per unit, rising by 5.9% against the previous month. Over the last twelve-month period, it increased at an average monthly rate of +3.3%. The pace of growth was the most pronounced in February 2022 when the average import price increased by 23% m-o-m. Over the period under review, average import prices reached the maximum in March 2022.

Prices varied noticeably by the country of origin: the country with the highest price was the UK ($29,661 per unit), while the price for India ($14,325 per unit) was amongst the lowest.

From March 2021 to March 2022, the most notable rate of growth in terms of prices was attained by Malaysia (+5.6%), while the prices for the other major suppliers experienced more modest paces of growth.

Passenger Car Exports in Indonesia

In 2022, exports of passenger cars from Indonesia surged to 293K units, with an increase of 76% on the previous year's figure. Overall, exports showed buoyant growth. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

In value terms, passenger car exports skyrocketed to $5.5B in 2022. In general, exports continue to indicate a resilient increase. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Export of Passenger Car in Indonesia (Million USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
Philippines	1,173	782	806	1,550	9.7%
Vietnam	545	355	432	943	20.1%
Saudi Arabia	469	443	570	781	18.5%
Thailand	518	236	184	402	-8.1%
Mexico	131	132	179	316	34.1%
United Arab Emirates	220	118	256	250	4.4%
Japan	123	123	158	167	10.7%
Peru	85.7	56.0	106	154	21.6%
South Africa	69.3	34.6	50.7	102	13.8%
Chile	8.7	18.9	58.7	97.4	123.7%
Others	600	391	557	783	9.3%
Total	3,943	2,689	3,359	5,545	12.0%

Top Export Markets for Passenger Car from Indonesia in 2022:

Philippines (81.5K units)
Vietnam (48.1K units)
Saudi Arabia (38.7K units)
Thailand (19.3K units)
Mexico (17.3K units)
United Arab Emirates (12.0K units)
Japan (10.7K units)
Peru (8.5K units)
South Africa (6.2K units)
Chile (6.1K units)

Passenger Car Imports in Indonesia

In 2022, the amount of passenger cars imported into Indonesia soared to 57K units, picking up by 82% on the year before. Over the period under review, imports showed a modest expansion. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, passenger car imports surged to $1.2B in 2022. Overall, imports posted a pronounced expansion. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Import of Passenger Car in Indonesia (Million USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
Japan	390	226	268	469	6.3%
South Korea	91.6	17.5	101	209	31.6%
Germany	111	80.9	86.4	143	8.8%
Thailand	315	137	105	140	-23.7%
India	105	48.6	77.9	93.5	-3.8%
China	1.7	0.7	1.2	81.7	263.6%
United Kingdom	9.7	17.3	21.6	38.6	58.5%
Malaysia	52.4	30.8	15.3	26.5	-20.3%
Others	53.9	53.0	49.3	44.3	-6.3%
Total	1,131	611	726	1,245	3.3%

Top Suppliers of Passenger Car to Indonesia in 2022:

Japan (16.1K units)
China (11.8K units)
South Korea (7.5K units)
Thailand (6.7K units)
India (6.0K units)
Germany (5.1K units)
United Kingdom (1.2K units)
Malaysia (1.1K units)

Source: IndexBox Market Intelligence Platform

This report provides an in-depth analysis of the passenger car market in Indonesia. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.

Product coverage:

Prodcom 29102100 - Vehicles with spark-ignition engine of a cylinder capacity. 1 .500 cm., new
Prodcom 29102230 - Motor vehicles with a petrol engine > 1 .500 cm. (including motor caravans of a capacity > 3 .000 cm.) (excluding vehicles for transporting . .10 persons, snowmobiles, golf cars and similar vehicles)
Prodcom 29102250 - Motor caravans with a spark-ignition internal combustion reciprocating piston engine of a cylinder capacity > 1 .500 cm. but . 3 .000 cm.
Prodcom 29102310 - Motor vehicles with a diesel or semi-diesel engine . 1 .500 cm. (excluding vehicles for transporting . .10 persons, s nowmobiles, golf cars and similar vehicles)
Prodcom 29102330 - Motor vehicles with a diesel or semi-diesel engine > 1 .500 cm. but . 2 .500 cm. (excluding vehicles for transporting . .10 persons, motor caravans, snowmobiles, golf cars and similar vehicles)
Prodcom 29102340 - Motor vehicles with a diesel or semi-diesel engine > 2 .500 cm. (excluding vehicles for transporting . .10 persons, motor caravans, snowmobiles, golf cars and similar vehicles)
Prodcom 29102353 - Motor caravans with a compression-ignition internal combustion piston engine (diesel or semi-diesel) of a cylinder capacity > 1 .500 cm. but . 2 .500 cm.
Prodcom 29102355 - Motor caravans with a compression-ignition internal combustion piston engine (diesel or semi-diesel) of a cylinder capacity > 2 .500 cm.
Prodcom 29102400 - Other motor vehicles for the transport of persons (excluding vehicles for transporting . .10 persons, snowmobiles, golf cars and similar vehicles)
Prodcom 29102410 -
Prodcom 29102430 -
Prodcom 29102450 -
Prodcom 29102490 -

Country coverage:

Indonesia

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in Indonesia
Export and import prices
Market trends, drivers and restraints
Key market players and their profiles

Reasons to buy this report:

Take advantage of the latest data
Find deeper insights into current market developments
Discover vital success factors affecting the market

This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:

How to diversify your business and benefit from new market opportunities
How to load your idle production capacity
How to boost your sales on overseas markets
How to increase your profit margins
How to make your supply chain more sustainable
How to reduce your production and supply chain costs
How to outsource production to other countries
How to prepare your business for global expansion

While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.

1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business
1. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects
1. MARKET SIZE
2. MARKET STRUCTURE
3. TRADE BALANCE
4. PER CAPITA CONSUMPTION
5. MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. TOP EXPORTING COUNTRIES
4. LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2023
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO
LIST OF TABLES
1. Key Findings In 2023
2. Market Volume, In Physical Terms, 2012–2023
3. Market Value, 2012–2023
4. Per Capita Consumption In 2012-2023
5. Imports, In Physical Terms, By Country, 2012–2023
6. Imports, In Value Terms, By Country, 2012–2023
7. Import Prices, By Country Of Origin, 2012–2023
8. Exports, In Physical Terms, By Country, 2012–2023
9. Exports, In Value Terms, By Country, 2012–2023
10. Export Prices, By Country Of Destination, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
5. Trade Balance, In Physical Terms, 2012-2023
6. Trade Balance, In Value Terms, 2012-2023
7. Per Capita Consumption, 2012-2023
8. Market Volume Forecast to 2030
9. Market Value Forecast to 2030
10. Products: Market Size And Growth, By Type
11. Products: Average Per Capita Consumption, By Type
12. Products: Exports And Growth, By Type
13. Products: Export Prices And Growth, By Type
14. Production Volume And Growth
15. Exports And Growth
16. Export Prices And Growth
17. Market Size And Growth
18. Per Capita Consumption
19. Imports And Growth
20. Import Prices
21. Production, In Physical Terms, 2012–2023
22. Production, In Value Terms, 2012–2023
23. Imports, In Physical Terms, 2012–2023
24. Imports, In Value Terms, 2012–2023
25. Imports, In Physical Terms, By Country, 2023
26. Imports, In Physical Terms, By Country, 2012–2023
27. Imports, In Value Terms, By Country, 2012–2023
28. Import Prices, By Country Of Origin, 2012–2023
29. Exports, In Physical Terms, 2012–2023
30. Exports, In Value Terms, 2012–2023
31. Exports, In Physical Terms, By Country, 2023
32. Exports, In Physical Terms, By Country, 2012–2023
33. Exports, In Value Terms, By Country, 2012–2023
34. Export Prices, By Country Of Destination, 2012–2023