Indonesia: Electrical Circuit Apparatus Market 2024

Electrical Circuit Apparatus Market Size in Indonesia

In 2021, the Indonesian electrical circuit apparatus market increased by X% to $X, rising for the fourth year in a row after two years of decline. The market value increased at an average annual rate of X% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, consumption reached the peak level of $X. From 2016 to 2021, the growth of the market remained at a lower figure.

Electrical Circuit Apparatus Production in Indonesia

In value terms, electrical circuit apparatus production reduced to $X in 2021 estimated in export price. In general, the total production indicated a remarkable increase from 2012 to 2021: its value increased at an average annual rate of X% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, production increased by X% against 2018 indices. The growth pace was the most rapid in 2015 with an increase of X%. As a result, production attained the peak level of $X. From 2016 to 2021, production growth remained at a somewhat lower figure.

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Electrical Circuit Apparatus Exports

Exports from Indonesia

Electrical circuit apparatus exports from Indonesia surged to X units in 2021, growing by X% on 2020. The total export volume increased at an average annual rate of X% over the period from 2012 to 2021; the trend pattern remained relatively stable, with only minor fluctuations throughout the analyzed period. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

In value terms, electrical circuit apparatus exports expanded markedly to $X in 2021. The total export value increased at an average annual rate of X% from 2012 to 2021; the trend pattern remained relatively stable, with only minor fluctuations being recorded throughout the analyzed period. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

Singapore (X units), Japan (X units) and the United States (X units) were the main destinations of electrical circuit apparatus exports from Indonesia, with a combined X% share of total exports. China, Hong Kong SAR, France, Thailand and South Korea lagged somewhat behind, together comprising a further X%.

From 2012 to 2021, the biggest increases were recorded for China (with a CAGR of X%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for electrical circuit apparatus exported from Indonesia were Singapore ($X), Japan ($X) and China ($X), with a combined X% share of total exports.

China, with a CAGR of X%, saw the highest rates of growth with regard to the value of exports, in terms of the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average electrical circuit apparatus export price stood at $X per unit in 2021, reducing by X% against the previous year. Overall, the export price recorded a slight reduction. The pace of growth was the most pronounced in 2020 an increase of X% against the previous year. The export price peaked at $X per unit in 2014; however, from 2015 to 2021, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major overseas markets. In 2021, amid the top suppliers, the country with the highest price was Japan ($X per unit), while the average price for exports to South Korea ($X per unit) was amongst the lowest.

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

Electrical Circuit Apparatus Imports

Imports into Indonesia

In 2021, purchases abroad of electrical apparatus for circuit connection, switching and protection was finally on the rise to reach X units after two years of decline. In general, imports recorded a relatively flat trend pattern. Imports peaked at X units in 2018; however, from 2019 to 2021, imports remained at a lower figure.

In value terms, electrical circuit apparatus imports skyrocketed to $X in 2021. Overall, imports continue to indicate a relatively flat trend pattern. Over the period under review, imports hit record highs at $X in 2018; however, from 2019 to 2021, imports stood at a somewhat lower figure.

Imports by Country

In 2021, China (X units) constituted the largest electrical circuit apparatus supplier to Indonesia, accounting for a X% share of total imports. Moreover, electrical circuit apparatus imports from China exceeded the figures recorded by the second-largest supplier, Japan (X units), fourfold. The third position in this ranking was held by Thailand (X units), with a X% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from China totaled X%. The remaining supplying countries recorded the following average annual rates of imports growth: Japan (X% per year) and Thailand (X% per year).

In value terms, the largest electrical circuit apparatus suppliers to Indonesia were China ($X), Japan ($X) and Singapore ($X), together accounting for X% of total imports. Thailand, South Korea, France, Germany, the United States, Vietnam, Taiwan (Chinese) and Hong Kong SAR lagged somewhat behind, together comprising a further X%.

Vietnam, with a CAGR of X%, recorded the highest rates of growth with regard to the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2021, the average electrical circuit apparatus import price amounted to $X per unit, surging by X% against the previous year. Overall, the import price, however, continues to indicate a relatively flat trend pattern. The import price peaked at $X per unit in 2015; however, from 2016 to 2021, import prices failed to regain momentum.

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

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

Source: IndexBox Platform

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