Report Update: Apr 1, 2024

Indonesia - Trucks - Market Analysis, Forecast, Size, Trends and Insights

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Truck Price in Indonesia - 2022

Truck Price in Indonesia (CIF) - 2022

The average truck import price stood at $39,034 per unit in March 2022, increasing by 2.4% against the previous month. Overall, import price indicated a modest increase from March 2021 to March 2022: its price increased at an average monthly rate of +1.4% over the last twelve-month period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on March 2022 figures, truck import price decreased by -32.7% against December 2021 indices. The most prominent rate of growth was recorded in August 2021 when the average import price increased by 57% m-o-m. The import price peaked at $58,001 per unit in December 2021; however, from January 2022 to March 2022, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major supplying countries. In March 2022, the country with the highest price was Germany ($254K per unit), while the price for Thailand ($19,992 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 Germany (+7.4%), while the prices for the other major suppliers experienced more modest paces of growth.

Truck Price in Indonesia (FOB) - 2022

The average truck export price stood at $21,165 per unit in March 2022, declining by -11.5% against the previous month. Over the period under review, the export price saw a pronounced decline. The most prominent rate of growth was recorded in August 2021 when the average export price increased by 48% m-o-m. As a result, the export price reached the peak level of $36,351 per unit; afterwards, it flattened through to March 2022.

There were significant differences in the average prices for the major external markets. In March 2022, the country with the highest price was Japan ($25,273 per unit), while the average price for exports to Guatemala ($16,660 per unit) was amongst the lowest.

From March 2021 to March 2022, the most notable rate of growth in terms of prices was recorded for supplies to Timor-Leste (+2.4%), while the prices for the other major destinations experienced more modest paces of growth.

Truck Imports in Indonesia

In 2022, the amount of trucks imported into Indonesia surged to 33K units, with an increase of 104% compared with the previous year. In general, imports continue to indicate significant growth. The most prominent rate of growth was recorded in 2021 with an increase of 115%. Over the period under review, imports reached the maximum in 2022 and are likely to see gradual growth in the near future.

In value terms, truck imports surged to $900M in 2022. Overall, imports saw buoyant growth. The pace of growth was the most pronounced in 2021 with an increase of 174% against the previous year. Imports peaked in 2022 and are expected to retain growth in years to come.

Import of Truck in Indonesia (Million USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
Thailand	348	143	298	565	17.5%
China	55.7	26.6	139	126	31.3%
India	21.5	7.6	22.9	29.3	10.9%
Others	97.0	36.3	124	180	22.9%
Total	522	213	584	900	19.9%

Top Suppliers of Truck to Indonesia in 2022:

Thailand (26.7K units)
China (2.0K units)
India (0.9K units)

Truck Exports in Indonesia

In 2022, the amount of trucks exported from Indonesia surged to 11K units, increasing by 40% against the previous year's figure. Over the period under review, exports posted a significant increase. The growth pace was the most rapid in 2020 when exports increased by 90% against the previous year. Over the period under review, the exports reached the peak figure in 2022 and are expected to retain growth in years to come.

In value terms, truck exports rose sharply to $230M in 2022. In general, exports recorded a significant increase. The growth pace was the most rapid in 2021 with an increase of 56% against the previous year. The exports peaked in 2022 and are expected to retain growth in the near future.

Export of Truck in Indonesia (Million USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
Philippines	27.2	46.5	65.5	88.0	47.9%
Japan	40.2	52.7	71.1	80.9	26.3%
Vietnam	7.2	6.4	22.0	17.1	33.4%
Malaysia	5.3	4.9	8.7	10.1	24.0%
Timor-Leste	7.9	7.2	8.8	9.3	5.6%
Morocco	N/A	3.4	4.2	4.6	16.3%
Guatemala	N/A	0.3	0.5	4.5	287.3%
Others	6.1	7.8	20.2	15.5	36.5%
Total	93.9	129	201	230	34.8%

Top Export Markets for Truck from Indonesia in 2022:

Philippines (4.5K units)
Japan (3.2K units)
Timor-Leste (0.7K units)
Malaysia (0.5K units)
Vietnam (0.5K units)
Morocco (0.3K units)
Guatemala (0.2K units)

Source: IndexBox Market Intelligence Platform

This report provides an in-depth analysis of the truck 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 29104110 - Goods vehicles with a diesel or semi-diesel engine, of a gross vehicle weight . 5 tonnes (excluding dumpers for off-highway use)
Prodcom 29104130 - Goods vehicles with a diesel or semi-diesel engine, of a gross vehicle weight > 5 tonnes but . .20 tonnes (including vans) (excluding dumpers for off-highway use, tractors)
Prodcom 29104140 - Goods vehicles with compression-ignition internal combustion piston engine (diesel or semi-diesel), of a gross vehicle weight > .20 tonnes (excluding dumpers designed for offhighway use)
Prodcom 29104200 - Goods vehicles, with spark-ignition internal combustion piston engine, other goods vehicles, new

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