Indonesia: Market for Gearboxes and Speed Changers 2024

Market Size for Gearboxes and Speed Changers in Indonesia

In 2022, the Indonesian gearboxes and speed changers market increased by X% to $X, rising for the second year in a row after two years of decline. Overall, consumption, however, continues to indicate a noticeable decrease. Gearboxes and speed changers consumption peaked at $X in 2012; however, from 2013 to 2022, consumption stood at a somewhat lower figure.

Exports of Gearboxes and Speed Changers

Exports from Indonesia

In 2022, shipments abroad of gearboxes and speed changers increased by X% to X tons, rising for the second year in a row after three years of decline. Overall, exports, however, recorded a pronounced contraction. The exports peaked at X tons in 2013; however, from 2014 to 2022, the exports stood at a somewhat lower figure.

In value terms, gearboxes and speed changers exports skyrocketed to $X in 2022. Over the period under review, exports, however, recorded a pronounced setback. The growth pace was the most rapid in 2013 with an increase of X%. As a result, the exports reached the peak of $X. From 2014 to 2022, the growth of the exports remained at a somewhat lower figure.

Exports by Country

The Philippines (X tons) was the main destination for gearboxes and speed changers exports from Indonesia, with a X% share of total exports. Moreover, gearboxes and speed changers exports to the Philippines exceeded the volume sent to the second major destination, the United States (X tons), threefold. The third position in this ranking was held by Belgium (X tons), with a X% share.

From 2012 to 2022, the average annual growth rate of volume to the Philippines totaled X%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United States (X% per year) and Belgium (X% per year).

In value terms, the United States ($X), the Philippines ($X) and Singapore ($X) constituted the largest markets for gearboxes and speed changers exported from Indonesia worldwide, with a combined X% share of total exports. Belgium, Japan, Mexico, Australia, China, South Africa, Thailand, Brazil, Vietnam and India lagged somewhat behind, together comprising a further X%.

Among the main countries of destination, Mexico, with a CAGR of X%, recorded 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

In 2022, the average gearboxes and speed changers export price amounted to $X per ton, with a decrease of X% against the previous year. Overall, the export price saw a slight contraction. The growth pace was the most rapid in 2013 an increase of X% against the previous year. As a result, the export price reached the peak level of $X per ton. From 2014 to 2022, the average export prices remained at a lower figure.

There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Japan ($X per ton), while the average price for exports to the Philippines ($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 China (X%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Gearboxes and Speed Changers

Imports into Indonesia

In 2022, purchases abroad of gearboxes and speed changers increased by X% to X tons, rising for the second consecutive year after two years of decline. Overall, imports, however, showed a slight curtailment. The pace of growth appeared the most rapid in 2021 when imports increased by X%. Over the period under review, imports reached the peak figure at X tons in 2012; however, from 2013 to 2022, imports failed to regain momentum.

In value terms, gearboxes and speed changers imports skyrocketed to $X in 2022. Over the period under review, imports, however, continue to indicate a deep slump. The growth pace was the most rapid in 2018 with an increase of X%. Imports peaked at $X in 2012; however, from 2013 to 2022, imports stood at a somewhat lower figure.

Imports by Country

In 2022, China (X tons) constituted the largest supplier of gearboxes and speed changers to Indonesia, with a X% share of total imports. Moreover, gearboxes and speed changers imports from China exceeded the figures recorded by the second-largest supplier, Japan (X tons), fourfold. The third position in this ranking was taken by Germany (X tons), with a X% share.

From 2012 to 2022, the average annual growth rate of volume from China totaled X%. The remaining supplying countries recorded the following average annual rates of imports growth: Japan (X% per year) and Germany (X% per year).

In value terms, China ($X), Japan ($X) and Germany ($X) were the largest gearboxes and speed changers suppliers to Indonesia, together comprising X% of total imports.

In terms of the main suppliers, China, 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

In 2022, the average gearboxes and speed changers import price amounted to $X per ton, surging by X% against the previous year. Over the period under review, the import price, however, showed a noticeable decline. The growth pace was the most rapid in 2018 an increase of X% against the previous year. The import price peaked at $X per ton in 2012; however, from 2013 to 2022, import prices stood at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the United States ($X per ton), while the price for the Philippines ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Taiwan (Chinese) (X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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