Indonesia: Electrical Insulating Fittings Market 2024

Electrical Insulating Fittings Market Size in Indonesia

The Indonesian electrical insulating fittings market rose to $X in 2022, surging by X% against the previous year. Over the period under review, consumption showed prominent growth. Electrical insulating fittings consumption peaked in 2022 and is expected to retain growth in years to come.

Electrical Insulating Fittings Production in Indonesia

In value terms, electrical insulating fittings production stood at $X in 2022 estimated in export price. Overall, production showed resilient growth. The pace of growth appeared the most rapid in 2016 with an increase of X% against the previous year. Over the period under review, production hit record highs at $X in 2020; however, from 2021 to 2022, production failed to regain momentum.

Electrical Insulating Fittings Exports

Exports from Indonesia

In 2022, shipments abroad of electrical insulating fittings of plastics increased by X% to X tons for the first time since 2019, thus ending a two-year declining trend. Overall, exports, however, showed a deep reduction. The growth pace was the most rapid in 2019 when exports increased by X% against the previous year. Over the period under review, the exports hit record highs at X tons in 2013; however, from 2014 to 2022, the exports failed to regain momentum.

In value terms, electrical insulating fittings exports dropped to $X in 2022. In general, exports showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 with an increase of X%. Over the period under review, the exports attained the maximum at $X in 2019; however, from 2020 to 2022, the exports remained at a lower figure.

Exports by Country

Singapore (X tons) was the main destination for electrical insulating fittings exports from Indonesia, accounting for a X% share of total exports. Moreover, electrical insulating fittings exports to Singapore exceeded the volume sent to the second major destination, Vietnam (X tons), threefold. Turkey (X tons) ranked third in terms of total exports with an X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Singapore totaled X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Vietnam (X% per year) and Turkey (X% per year).

In value terms, the largest markets for electrical insulating fittings exported from Indonesia were Singapore ($X), Vietnam ($X) and Turkey ($X), with a combined X% share of total exports. The United States, Thailand, China, the Philippines, Japan and Timor-Leste lagged somewhat behind, together accounting for a further X%.

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

Export Prices by Country

The average electrical insulating fittings export price stood at $X per ton in 2022, reducing by X% against the previous year. Over the period under review, the export price, however, posted a prominent expansion. The pace of growth appeared the most rapid in 2014 an increase of X%. The export price peaked at $X per ton in 2020; however, from 2021 to 2022, the export prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the Philippines ($X per ton), while the average price for exports to Timor-Leste ($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 Hong Kong SAR (X%), while the prices for the other major destinations experienced more modest paces of growth.

Electrical Insulating Fittings Imports

Imports into Indonesia

In 2022, supplies from abroad of electrical insulating fittings of plastics increased by X% to X tons, rising for the second consecutive year after three years of decline. The total import volume increased at an average annual rate of X% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2021 with an increase of X%. Over the period under review, imports attained the peak figure at X tons in 2017; however, from 2018 to 2022, imports stood at a somewhat lower figure.

In value terms, electrical insulating fittings imports skyrocketed to $X in 2022. In general, imports saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2017 when imports increased by X%. As a result, imports reached the peak of $X. From 2018 to 2022, the growth of imports remained at a somewhat lower figure.

Imports by Country

South Korea (X tons), China (X tons) and Japan (X tons) were the main suppliers of electrical insulating fittings imports to Indonesia, together accounting for X% of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by South Korea (with a CAGR of X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest electrical insulating fittings suppliers to Indonesia were South Korea ($X), China ($X) and Japan ($X), together comprising X% of total imports. Thailand, Vietnam, the United States, Singapore and Malaysia lagged somewhat behind, together comprising a further X%.

Among the main suppliers, Vietnam, with a CAGR of X%, saw the highest rates of growth with regard to 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

The average electrical insulating fittings import price stood at $X per ton in 2022, growing by X% against the previous year. In general, the import price, however, recorded a slight reduction. The most prominent rate of growth was recorded in 2017 an increase of X%. Over the period under review, average import prices reached the peak figure at $X per ton in 2013; however, from 2014 to 2022, import prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Thailand ($X per ton), while the price for the United States ($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 (X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform