Report Indonesia - Thermostats - Market Analysis, Forecast, Size, Trends and Insights for 499$
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Indonesia - Thermostats - Market Analysis, Forecast, Size, Trends and Insights
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Indonesia: Thermostat Market 2022

Thermostat Market Size in Indonesia

In 2021, after two years of decline, there was significant growth in the Indonesian thermostat market, when its value increased by 11% to $X. Overall, consumption, however, showed a relatively flat trend pattern. Thermostat consumption peaked at $X in 2013; however, from 2014 to 2021, consumption stood at a somewhat lower figure.

Thermostat Exports

Exports from Indonesia

In 2021, the amount of thermostats exported from Indonesia soared to X units, with an increase of 82% on 2020 figures. Overall, exports, however, saw a relatively flat trend pattern. Over the period under review, the exports attained the maximum at X units in 2015; however, from 2016 to 2021, the exports failed to regain momentum.

In value terms, thermostat exports soared to $X in 2021. In general, exports enjoyed a resilient expansion. The exports peaked at $X in 2019; however, from 2020 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

India (X units), South Korea (X units) and China (X units) were the main destinations of thermostat exports from Indonesia, with a combined 85% share of total exports.

From 2012 to 2021, the biggest increases were in South Korea (with a CAGR of +76.6%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for thermostat exported from Indonesia were South Korea ($X), the United States ($X) and India ($X), with a combined 84% share of total exports.

Among the main countries of destination, South Korea, with a CAGR of +83.6%, recorded the highest growth rate of 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 thermostat export price stood at $X per unit in 2021, reducing by -19.8% against the previous year. In general, the export price, however, posted a remarkable increase. The most prominent rate of growth was recorded in 2016 when the average export price increased by 60% against the previous year. The export price peaked at $X per unit in 2020, and then contracted markedly in the following year.

Prices varied noticeably country of destination: the country with the highest price was the United States ($X per unit), while the average price for exports to Mexico ($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 Canada (+39.6%), while the prices for the other major destinations experienced more modest paces of growth.

Thermostat Imports

Imports into Indonesia

In 2021, purchases abroad of thermostats was finally on the rise to reach X units for the first time since 2018, thus ending a two-year declining trend. In general, imports, however, saw a noticeable contraction. The most prominent rate of growth was recorded in 2013 with an increase of 59% against the previous year. As a result, imports reached the peak of X units. From 2014 to 2021, the growth of imports remained at a lower figure.

In value terms, thermostat imports surged to $X in 2021. Over the period under review, imports showed a relatively flat trend pattern. The growth pace was the most rapid in 2016 when imports increased by 64% against the previous year. Imports peaked at $X in 2018; however, from 2019 to 2021, imports failed to regain momentum.

Imports by Country

In 2021, China (X units) constituted the largest thermostat supplier to Indonesia, with a 66% share of total imports. Moreover, thermostat imports from China exceeded the figures recorded by the second-largest supplier, Japan (X units), threefold. The third position in this ranking was held by Singapore (X units), with a 3.4% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from China amounted to +3.4%. The remaining supplying countries recorded the following average annual rates of imports growth: Japan (-6.1% per year) and Singapore (-0.6% per year).

In value terms, Japan ($X), China ($X) and Vietnam ($X) appeared to be the largest thermostat suppliers to Indonesia, with a combined 83% share of total imports.

In terms of the main suppliers, Vietnam, with a CAGR of +282.5%, recorded the highest growth rate of 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 thermostat import price stood at $X per unit in 2021, waning by -7.5% against the previous year. In general, the import price, however, showed tangible growth. The pace of growth was the most pronounced in 2017 an increase of 60%. The import price peaked at $X per unit in 2019; however, from 2020 to 2021, import prices stood at a somewhat lower figure.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Malaysia (+22.1%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Market Intelligence Platform

Base Year Historical Period Forecast Period Units
2021 2007-2021 2022-2030 US$, Tons

Frequently Asked Questions (FAQ) :

What are the largest markets for thermostats in the world?
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The countries with the highest volumes of consumption in 2021 were China, India and Hong Kong SAR, together accounting for 41% of global consumption. Germany, the United States, Turkey, Mexico, Japan, Saudi Arabia, France, Malaysia, Austria and the UK lagged somewhat behind, together accounting for a further 32%.
What are the largest producers of thermostats in the world?
+
China constituted the country with the largest volume of thermostat production, comprising approx. 42% of total volume. Moreover, thermostat production in China exceeded the figures recorded by the second-largest producer, India, threefold. Hong Kong SAR ranked third in terms of total production with a 5.8% share.
What are the leading suppliers of thermostats to Indonesia?
+
In value terms, the largest thermostat suppliers to Indonesia were Japan, China and Vietnam, with a combined 83% share of total imports.
What are the leading importers of thermostats from Indonesia?
+
In value terms, the largest markets for thermostat exported from Indonesia were South Korea, the United States and India, with a combined 84% share of total exports.
What is the average export price for thermostats in Indonesia?
+
The average thermostat export price stood at $4.5 per unit in 2021, with a decrease of -19.8% against the previous year.
What is the average import price for thermostats in Indonesia?
+
The average thermostat import price stood at $1.3 per unit in 2021, declining by -7.5% against the previous year.

This report provides an in-depth analysis of the thermostat market in Indonesia. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.


Product coverage:
• Prodcom 26517015 - Electronic thermostats
• Prodcom 26517019 - Non-electronic thermostats
Country coverage:
• Indonesia

Data coverage:
• Market volume and value
• Per Capita consumption
• Forecast of the market dynamics in the medium term
• Trade (exports and imports) in Indonesia
• Export and import prices
• Market trends, drivers and restraints
• Key market players and their profiles

Reasons to buy this report:
• Take advantage of the latest data
• Find deeper insights into current market developments
• Discover vital success factors affecting the market
This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:
1. How to diversify your business and benefit from new market opportunities
2. How to load your idle production capacity
3. How to boost your sales on overseas markets
4. How to increase your profit margins
5. How to make your supply chain more sustainable
6. How to reduce your production and supply chain costs
7. How to outsource production to other countries
8. How to prepare your business for global expansion
While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.
1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business

1.1
REPORT DESCRIPTION
1.2
RESEARCH METHODOLOGY AND AI PLATFORM
1.3
DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
1.4
REPORT DESCRIPTION
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance

3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects

3.1
MARKET SIZE
3.2
MARKET STRUCTURE
3.3
TRADE BALANCE
3.4
PER CAPITA CONSUMPTION
3.5
MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business

4.1
TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
4.2
BEST-SELLING PRODUCTS
4.3
MOST CONSUMED PRODUCT
4.4
MOST TRADED PRODUCT
4.5
MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain

5.1
TOP COUNTRIES TO SOURCE YOUR PRODUCT
5.2
TOP PRODUCING COUNTRIES
5.3
TOP EXPORTING COUNTRIES
5.4
LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports

6.1
TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
6.2
TOP CONSUMING MARKETS
6.3
UNSATURATED MARKETS
6.4
TOP IMPORTING MARKETS
6.5
MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry

7.1
PRODUCTION VOLUME AND VALUE
8. IMPORTS

The Largest Import Supplying Countries

8.1
IMPORTS FROM 2012–2021
8.2
IMPORTS BY COUNTRY
8.3
IMPORT PRICES BY COUNTRY
9. EXPORTS

The Largest Destinations for Exports

9.1
EXPORTS FROM 2012–2021
9.2
EXPORTS BY COUNTRY
9.3
EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles

LIST OF TABLES
Table 1:
Key Findings In 2021
Table 2:
Market Volume, In Physical Terms, 2012–2021
Table 3:
Market Value, 2012–2021
Table 4:
Per Capita Consumption In 2007-2021
Table 5:
Imports, In Physical Terms, By Country, 2012–2021
Table 6:
Imports, In Value Terms, By Country, 2012–2021
Table 7:
Import Prices, By Country Of Origin, 2012–2021
Table 8:
Exports, In Physical Terms, By Country, 2012–2021
Table 9:
Exports, In Value Terms, By Country, 2012–2021
Table 10:
Export Prices, By Country Of Destination, 2012–2021
LIST OF FIGURES
Figure 1:
Market Volume, In Physical Terms, 2012–2021
Figure 2:
Market Value, 2012–2021
Figure 3:
Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2007-2021
Figure 4:
Market Structure – Domestic Supply vs. Imports, In Value Terms, 2007-2021
Figure 5:
Trade Balance, In Physical Terms, 2007-2021
Figure 6:
Trade Balance, In Value Terms, 2007-2021
Figure 7:
Per Capita Consumption, 2007-2021
Figure 8:
Market Forecast To 2030
Figure 9:
Products: Market Size And Growth, By Type
Figure 10:
Products: Average Per Capita Consumption, By Type
Figure 11:
Products: Exports And Growth, By Type
Figure 12:
Products: Export Prices And Growth, By Type
Figure 13:
Production Volume And Growth
Figure 14:
Exports And Growth
Figure 15:
Export Prices And Growth
Figure 16:
Market Size And Growth
Figure 17:
Per Capita Consumption
Figure 18:
Imports And Growth
Figure 19:
Import Prices
Figure 20:
Production, In Physical Terms, 2012–2021
Figure 21:
Production, In Value Terms, 2012–2021
Figure 22:
Imports, In Physical Terms, 2012–2021
Figure 23:
Imports, In Value Terms, 2012–2021
Figure 24:
Imports, In Physical Terms, By Country, 2021
Figure 25:
Imports, In Physical Terms, By Country, 2012–2021
Figure 26:
Imports, In Value Terms, By Country, 2012–2021
Figure 27:
Import Prices, By Country Of Origin, 2012–2021
Figure 28:
Exports, In Physical Terms, 2012–2021
Figure 29:
Exports, In Value Terms, 2012–2021
Figure 30:
Exports, In Physical Terms, By Country, 2021
Figure 31:
Exports, In Physical Terms, By Country, 2012–2021
Figure 32:
Exports, In Value Terms, By Country, 2012–2021
Figure 33:
Export Prices, By Country Of Destination, 2012–2021
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