Indonesia: Motor Vehicle Engine Market 2024

Motor Vehicle Engine Market Size in Indonesia

In 2022, the Indonesian motor vehicle engine market decreased by X% to $X, falling for the fourth consecutive year after two years of growth. Overall, consumption recorded a deep setback. Motor vehicle engine consumption peaked at $X in 2012; however, from 2013 to 2022, consumption failed to regain momentum.

Motor Vehicle Engine Production in Indonesia

In value terms, motor vehicle engine production fell to $X in 2022 estimated in export price. Over the period under review, production showed a noticeable downturn. The pace of growth was the most pronounced in 2021 with an increase of X%. Over the period under review, production reached the maximum level at $X in 2012; however, from 2013 to 2022, production stood at a somewhat lower figure.

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Motor Vehicle Engine Exports

Exports from Indonesia

In 2022, overseas shipments of motor vehicle engines (spark-ignition) increased by X% to X units, rising for the fourth year in a row after two years of decline. Over the period under review, exports recorded significant growth. The most prominent rate of growth was recorded in 2013 when exports increased by X% against the previous year. The exports peaked in 2022 and are likely to see gradual growth in years to come.

In value terms, motor vehicle engine exports rose rapidly to $X in 2022. Overall, exports showed a resilient expansion. The pace of growth appeared the most rapid in 2016 when exports increased by X%. Over the period under review, the exports attained the peak figure in 2022 and are expected to retain growth in the near future.

Exports by Country

Malaysia (X units), Vietnam (X units) and the Philippines (X units) were the main destinations of motor vehicle engine exports from Indonesia, together accounting for X% of total exports.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by the Philippines (with a CAGR of X%), while the other leaders experienced more modest paces of growth.

In value terms, Malaysia ($X) remains the key foreign market for motor vehicle engines (spark-ignition) exports from Indonesia, comprising X% of total exports. The second position in the ranking was taken by the Philippines ($X), with a X% share of total exports. It was followed by Vietnam, with a X% share.

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

Export Prices by Country

In 2022, the average motor vehicle engine export price amounted to $X per unit, dropping by X% against the previous year. Overall, the export price faced a deep slump. The most prominent rate of growth was recorded in 2017 when the average export price increased by X% against the previous year. Over the period under review, the average export prices hit record highs at $X per unit in 2012; however, from 2013 to 2022, the export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Argentina ($X per unit), while the average price for exports to Colombia ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to South Africa (X%), while the prices for the other major destinations experienced more modest paces of growth.

Motor Vehicle Engine Imports

Imports into Indonesia

In 2022, imports of motor vehicle engines (spark-ignition) into Indonesia rose rapidly to X units, with an increase of X% on the previous year. Overall, imports, however, saw a perceptible contraction. The most prominent rate of growth was recorded in 2018 when imports increased by X% against the previous year. Over the period under review, imports attained the peak figure at X units in 2019; however, from 2020 to 2022, imports remained at a lower figure.

In value terms, motor vehicle engine imports declined slightly to $X in 2022. Over the period under review, imports, however, continue to indicate a abrupt decrease. The most prominent rate of growth was recorded in 2018 with an increase of X%. Over the period under review, imports attained the peak figure at $X in 2019; however, from 2020 to 2022, imports stood at a somewhat lower figure.

Imports by Country

China (X units), Japan (X units) and Thailand (X units) were the main suppliers of motor vehicle engine imports to Indonesia, with a combined X% share of total imports.

From 2012 to 2022, the biggest increases were recorded for China (with a CAGR of X%), while purchases for the other leaders experienced a decline.

In value terms, the largest motor vehicle engine suppliers to Indonesia were Japan ($X), China ($X) and Germany ($X), together comprising X% 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 mixed trend patterns.

Import Prices by Country

The average motor vehicle engine import price stood at $X per unit in 2022, with a decrease of X% against the previous year. Overall, the import price saw a slight curtailment. The most prominent rate of growth was recorded in 2018 when the average import price increased by X%. The import price peaked at $X per unit in 2020; however, from 2021 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 Germany ($X per unit), while the price for Thailand ($X per unit) 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

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