Indonesia: Electronic Chip Market 2024

Electronic Chip Market Size in Indonesia

The Indonesian electronic chip market shrank remarkably to $X in 2023, waning by X% against the previous year. Overall, the total consumption indicated moderate growth from 2012 to 2023: its value increased at an average annual rate of X% over the last eleven years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, consumption increased by X% against 2021 indices. As a result, consumption reached the peak level of $X, and then reduced rapidly in the following year.

Electronic Chip Production in Indonesia

In value terms, electronic chip production fell remarkably to $X in 2023 estimated in export price. Overall, production continues to indicate a abrupt descent. The most prominent rate of growth was recorded in 2016 when the production volume increased by X% against the previous year. As a result, production reached the peak level of $X. From 2017 to 2023, production growth failed to regain momentum.

Electronic Chip Exports

Exports from Indonesia

After two years of growth, overseas shipments of electronic chips decreased by X% to X units in 2023. Over the period under review, exports recorded a perceptible slump. The most prominent rate of growth was recorded in 2013 when exports increased by X% against the previous year. As a result, the exports attained the peak of X units. From 2014 to 2023, the growth of the exports failed to regain momentum.

In value terms, electronic chip exports fell to $X in 2023. Overall, exports showed a pronounced decline. The pace of growth was the most pronounced in 2022 with an increase of X% against the previous year. Over the period under review, the exports reached the maximum at $X in 2013; however, from 2014 to 2023, the exports failed to regain momentum.

Exports by Country

China (X units) was the main destination for electronic chip exports from Indonesia, with a X% share of total exports. Moreover, electronic chip exports to China exceeded the volume sent to the second major destination, Mexico (X units), more than tenfold. The third position in this ranking was held by Singapore (X units), with a X% share.

From 2012 to 2023, the average annual rate of growth in terms of volume to China stood at X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Mexico (X% per year) and Singapore (X% per year).

In value terms, China ($X), Singapore ($X) and Germany ($X) were the largest markets for electronic chip exported from Indonesia worldwide, with a combined X% share of total exports.

In terms of the main countries of destination, Germany, with a CAGR of X%, saw the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced mixed trend patterns.

Export Prices by Country

In 2023, the average electronic chip export price amounted to $X per unit, with an increase of X% against the previous year. Overall, the export price saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2014 an increase of X% against the previous year. The export price peaked at $X per unit in 2016; however, from 2017 to 2023, the export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Singapore ($X per unit), while the average price for exports to Hong Kong SAR (less than $X per unit) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was recorded for supplies to Singapore (X%), while the prices for the other major destinations experienced a decline.

Electronic Chip Imports

Imports into Indonesia

In 2023, after five years of growth, there was significant decline in purchases abroad of electronic chips, when their volume decreased by X% to X units. Over the period under review, imports, however, showed a strong increase. The most prominent rate of growth was recorded in 2022 when imports increased by X%. As a result, imports attained the peak of X units, and then contracted dramatically in the following year.

In value terms, electronic chip imports fell notably to $X in 2023. In general, imports, however, recorded a buoyant increase. The most prominent rate of growth was recorded in 2022 with an increase of X%. As a result, imports attained the peak of $X, and then declined remarkably in the following year.

Imports by Country

In 2023, China (X units) constituted the largest electronic chip supplier to Indonesia, accounting for a X% share of total imports. Moreover, electronic chip imports from China exceeded the figures recorded by the second-largest supplier, Singapore (X units), threefold. Malaysia (X units) ranked third in terms of total imports with an X% share.

From 2012 to 2023, the average annual growth rate of volume from China amounted to X%. The remaining supplying countries recorded the following average annual rates of imports growth: Singapore (X% per year) and Malaysia (X% per year).

In value terms, China ($X), Malaysia ($X) and South Korea ($X) appeared to be the largest electronic chip suppliers to Indonesia, with a combined X% share of total imports.

China, 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 2023, the average electronic chip import price amounted to $X per unit, growing by X% against the previous year. Over the period under review, the import price, however, recorded a pronounced slump. The pace of growth was the most pronounced in 2017 when the average import price increased by X%. Over the period under review, average import prices attained the maximum at $X per unit in 2013; however, from 2014 to 2023, import prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was South Korea ($X per unit), while the price for Hong Kong SAR (less than $X per unit) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Japan (X%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform