Indonesia - Trucks - Market Analysis, Forecast, Size, Trends and Insights
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View PricingTruck Price in Indonesia - 2022
Contents:
- Truck Price in Indonesia (CIF) - 2022
- Truck Price in Indonesia (FOB) - 2022
- Truck Imports in Indonesia
- Truck Exports in Indonesia
Truck Price in Indonesia (CIF) - 2022
The average truck import price stood at $39,034 per unit in March 2022, increasing by 2.4% against the previous month. Overall, import price indicated a modest increase from March 2021 to March 2022: its price increased at an average monthly rate of +1.4% over the last twelve-month period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on March 2022 figures, truck import price decreased by -32.7% against December 2021 indices. The most prominent rate of growth was recorded in August 2021 when the average import price increased by 57% m-o-m. The import price peaked at $58,001 per unit in December 2021; however, from January 2022 to March 2022, import prices stood at a somewhat lower figure.
There were significant differences in the average prices amongst the major supplying countries. In March 2022, the country with the highest price was Germany ($254K per unit), while the price for Thailand ($19,992 per unit) was amongst the lowest.
From March 2021 to March 2022, the most notable rate of growth in terms of prices was attained by Germany (+7.4%), while the prices for the other major suppliers experienced more modest paces of growth.
Truck Price in Indonesia (FOB) - 2022
The average truck export price stood at $21,165 per unit in March 2022, declining by -11.5% against the previous month. Over the period under review, the export price saw a pronounced decline. The most prominent rate of growth was recorded in August 2021 when the average export price increased by 48% m-o-m. As a result, the export price reached the peak level of $36,351 per unit; afterwards, it flattened through to March 2022.
There were significant differences in the average prices for the major external markets. In March 2022, the country with the highest price was Japan ($25,273 per unit), while the average price for exports to Guatemala ($16,660 per unit) was amongst the lowest.
From March 2021 to March 2022, the most notable rate of growth in terms of prices was recorded for supplies to Timor-Leste (+2.4%), while the prices for the other major destinations experienced more modest paces of growth.
Truck Imports in Indonesia
In 2022, the amount of trucks imported into Indonesia surged to 33K units, with an increase of 104% compared with the previous year. In general, imports continue to indicate significant growth. The most prominent rate of growth was recorded in 2021 with an increase of 115%. Over the period under review, imports reached the maximum in 2022 and are likely to see gradual growth in the near future.
In value terms, truck imports surged to $900M in 2022. Overall, imports saw buoyant growth. The pace of growth was the most pronounced in 2021 with an increase of 174% against the previous year. Imports peaked in 2022 and are expected to retain growth in years to come.
Import of Truck in Indonesia (Million USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Thailand | 348 | 143 | 298 | 565 | 17.5% |
China | 55.7 | 26.6 | 139 | 126 | 31.3% |
India | 21.5 | 7.6 | 22.9 | 29.3 | 10.9% |
Others | 97.0 | 36.3 | 124 | 180 | 22.9% |
Total | 522 | 213 | 584 | 900 | 19.9% |
Top Suppliers of Truck to Indonesia in 2022:
- Thailand (26.7K units)
- China (2.0K units)
- India (0.9K units)
Truck Exports in Indonesia
In 2022, the amount of trucks exported from Indonesia surged to 11K units, increasing by 40% against the previous year's figure. Over the period under review, exports posted a significant increase. The growth pace was the most rapid in 2020 when exports increased by 90% against the previous year. Over the period under review, the exports reached the peak figure in 2022 and are expected to retain growth in years to come.
In value terms, truck exports rose sharply to $230M in 2022. In general, exports recorded a significant increase. The growth pace was the most rapid in 2021 with an increase of 56% against the previous year. The exports peaked in 2022 and are expected to retain growth in the near future.
Export of Truck in Indonesia (Million USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Philippines | 27.2 | 46.5 | 65.5 | 88.0 | 47.9% |
Japan | 40.2 | 52.7 | 71.1 | 80.9 | 26.3% |
Vietnam | 7.2 | 6.4 | 22.0 | 17.1 | 33.4% |
Malaysia | 5.3 | 4.9 | 8.7 | 10.1 | 24.0% |
Timor-Leste | 7.9 | 7.2 | 8.8 | 9.3 | 5.6% |
Morocco | N/A | 3.4 | 4.2 | 4.6 | 16.3% |
Guatemala | N/A | 0.3 | 0.5 | 4.5 | 287.3% |
Others | 6.1 | 7.8 | 20.2 | 15.5 | 36.5% |
Total | 93.9 | 129 | 201 | 230 | 34.8% |
Top Export Markets for Truck from Indonesia in 2022:
- Philippines (4.5K units)
- Japan (3.2K units)
- Timor-Leste (0.7K units)
- Malaysia (0.5K units)
- Vietnam (0.5K units)
- Morocco (0.3K units)
- Guatemala (0.2K units)
This report provides an in-depth analysis of the truck 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 29104110 - Goods vehicles with a diesel or semi-diesel engine, of a gross vehicle weight . 5 tonnes (excluding dumpers for off-highway use)
- Prodcom 29104130 - Goods vehicles with a diesel or semi-diesel engine, of a gross vehicle weight > 5 tonnes but . .20 tonnes (including vans) (excluding dumpers for off-highway use, tractors)
- Prodcom 29104140 - Goods vehicles with compression-ignition internal combustion piston engine (diesel or semi-diesel), of a gross vehicle weight > .20 tonnes (excluding dumpers designed for offhighway use)
- Prodcom 29104200 - Goods vehicles, with spark-ignition internal combustion piston engine, other goods vehicles, new
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:
- How to diversify your business and benefit from new market opportunities
- How to load your idle production capacity
- How to boost your sales on overseas markets
- How to increase your profit margins
- How to make your supply chain more sustainable
- How to reduce your production and supply chain costs
- How to outsource production to other countries
- 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.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
-
2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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5. MOST PROMISING SUPPLYING COUNTRIES
Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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10. PROFILES OF MAJOR PRODUCERS
The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO -
LIST OF TABLES
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption In 2012-2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
- Trade Balance, In Physical Terms, 2012-2023
- Trade Balance, In Value Terms, 2012-2023
- Per Capita Consumption, 2012-2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
This report provides an in-depth analysis of the truck market in Indonesia.
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This report provides an in-depth analysis of the truck market in Indonesia.
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This report provides an in-depth analysis of the global truck market.
Explore the top import markets for trucks in 2023, including the United States, Canada, Germany, and more. Find out what drives the demand for trucks in these key countries.
Global truck imports stood at X tons in 2016, dropping by -X% against the previous year figure. Overall, truck imports continue to indicate a measured curtailment. The pace of growth appeared th...
Global truck imports stood at X tons in 2016, dropping by -X% against the previous year figure. Overall, truck imports continue to indicate a measured curtailment. The pace of growth appeared th...
Explore the top import markets for trucks in 2023, including the United States, Canada, Germany, and more. Find out what drives the demand for trucks in these key countries.
Global truck imports stood at X tons in 2016, dropping by -X% against the previous year figure. Overall, truck imports continue to indicate a measured curtailment. The pace of growth appeared th...
Global truck imports stood at X tons in 2016, dropping by -X% against the previous year figure. Overall, truck imports continue to indicate a measured curtailment. The pace of growth appeared th...