Plugs and Socket Price in Indonesia - 2022
Contents:
- Plugs and Socket Price in Indonesia (CIF) - 2022
- Plugs and Socket Price in Indonesia (FOB) - 2022
- Plugs and Socket Imports in Indonesia
- Plugs and Socket Exports in Indonesia
Plugs and Socket Price in Indonesia (CIF) - 2022
The average plugs and socket import price stood at $0.1 per unit in 2022, declining by -21.8% against the previous year. Overall, the import price saw a deep reduction. The most prominent rate of growth was recorded in 2015 an increase of 12% against the previous year. The import price peaked at $0.3 per unit in 2012; however, from 2013 to 2022, import prices failed to regain momentum.
There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Germany ($0.5 per unit), while the price for Hong Kong SAR (less than $0.1 per unit) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Germany (+7.3%), while the prices for the other major suppliers experienced a decline.
Plugs and Socket Price in Indonesia (FOB) - 2022
In 2022, the average plugs and socket export price amounted to $0.4 per unit, growing by 6.9% against the previous year. Over the period under review, the export price, however, continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 when the average export price increased by 32% against the previous year. Over the period under review, the average export prices attained the peak figure at $0.4 per unit in 2019; however, from 2020 to 2022, the export prices remained at a lower figure.
There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Hong Kong SAR ($0.6 per unit), while the average price for exports to Australia ($0.1 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 Thailand (+14.3%), while the prices for the other major destinations experienced more modest paces of growth.
Plugs and Socket Imports in Indonesia
In 2022, approx. 598M units of electrical plugs and sockets for under 1000 v were imported into Indonesia; with an increase of 52% compared with the previous year's figure. Overall, total imports indicated a buoyant increase from 2019 to 2022: its volume increased at an average annual rate of +13.7% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +60.9% against 2020 indices. As a result, imports attained the peak and are likely to continue growth in the immediate term.
In value terms, plugs and socket imports soared to $75M in 2022. The total import value increased at an average annual rate of +6.8% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, imports attained the peak and are likely to continue growth in the immediate term.
| Import of Plugs and Socket in Indonesia (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 17.4 | 20.5 | 28.2 | 32.9 | 23.7% |
| Thailand | 1.4 | 0.2 | 1.7 | 7.4 | 74.2% |
| Singapore | 12.9 | 10.9 | 5.4 | 6.5 | -20.4% |
| South Korea | 6.0 | 4.7 | 6.1 | 5.9 | -0.6% |
| Vietnam | 3.2 | 2.9 | 4.5 | 5.5 | 19.8% |
| Germany | 3.0 | 1.9 | 3.5 | 3.2 | 2.2% |
| Japan | 6.3 | 2.3 | 4.6 | 2.8 | -23.7% |
| Taiwan (Chinese) | 2.9 | 3.2 | 2.1 | 2.7 | -2.4% |
| United States | 2.4 | 2.2 | 1.9 | 2.3 | -1.4% |
| Hong Kong SAR | 1.4 | 1.9 | 0.3 | 1.2 | -5.0% |
| Turkey | 0.9 | 1.2 | 1.3 | 0.9 | 0.0% |
| Others | 4.0 | 3.7 | 3.6 | 3.8 | -1.7% |
| Total | 61.7 | 55.7 | 63.2 | 75.1 | 6.8% |
Top Suppliers of Plugs and Socket to Indonesia in 2022:
- China (345.3M units)
- Singapore (62.0M units)
- Hong Kong SAR (42.6M units)
- South Korea (32.4M units)
- Thailand (23.7M units)
- Vietnam (23.5M units)
- United States (20.0M units)
- Japan (15.7M units)
- Taiwan (Chinese) (10.3M units)
- Turkey (7.1M units)
- Germany (6.4M units)
Plugs and Socket Exports in Indonesia
After three years of growth, overseas shipments of electrical plugs and sockets for under 1000 v decreased by -5.8% to 121M units in 2022. Overall, exports, however, showed significant growth. The most prominent rate of growth was recorded in 2020 when exports increased by 93%. Over the period under review, the exports attained the maximum at 129M units in 2021, and then dropped in the following year.
In value terms, plugs and socket exports totaled $43M in 2022. In general, exports, however, recorded a significant expansion. The pace of growth appeared the most rapid in 2020 when exports increased by 82%. The exports peaked in 2022 and are likely to see steady growth in the near future.
| Export of Plugs and Socket in Indonesia (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Singapore | 10.8 | 24.6 | 36.5 | 23.3 | 29.2% |
| United States | 4.3 | 4.9 | 1.6 | 11.3 | 38.0% |
| Thailand | 0.5 | 0.6 | 0.5 | 2.2 | 63.9% |
| Japan | 1.7 | 2.4 | 2.4 | 1.6 | -2.0% |
| Vietnam | 0.1 | N/A | 0.2 | 1.6 | 152.0% |
| Others | 1.7 | 2.0 | 1.5 | 3.0 | 20.8% |
| Total | 19.0 | 34.6 | 42.8 | 43.0 | 31.3% |
Top Export Markets for Plugs and Socket from Indonesia in 2022:
- Singapore (65.5M units)
- United States (31.8M units)
- Japan (6.5M units)
- Thailand (5.6M units)
- Vietnam (4.1M units)
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