Price for Electric Motors; AC Motors, Single-Phase in Indonesia - 2022

Contents:

  1. Price for Electric Motors; AC Motors, Single-Phase in Indonesia (CIF) - 2022
  2. Price for Electric Motors; AC Motors, Single-Phase in Indonesia (FOB) - 2022
  3. Imports of Electric Motors; AC Motors, Single-Phase in Indonesia
  4. Exports of Electric Motors; AC Motors, Single-Phase in Indonesia

Price for Electric Motors; AC Motors, Single-Phase in Indonesia (CIF) - 2022

The average import price for electric motors; AC motors, single-phases stood at $51.6 per unit in March 2022, standing approximately at the previous month. In general, the import price posted significant growth. The most prominent rate of growth was recorded in February 2022 when the average import price increased by 785% against the previous month. The import price peaked in March 2022.

Average prices varied noticeably amongst the major supplying countries. In March 2022, the country with the highest price was Vietnam ($51.6 per unit), while the price for China stood at $51.6 per unit.

From March 2021 to March 2022, the most notable rate of growth in terms of prices was attained by China (+21.7%).

Price for Electric Motors; AC Motors, Single-Phase in Indonesia (FOB) - 2022

In March 2022, the average export price for electric motors; AC motors, single-phases amounted to $69.9 per unit, remaining constant against the previous month. Overall, the export price recorded prominent growth. The pace of growth was the most pronounced in February 2022 an increase of 706% m-o-m. Over the period under review, the average export prices reached the peak figure in March 2022.

As there is only one major export destination, the average price level is determined by prices for the United States.

From March 2021 to March 2022, the rate of growth in terms of prices for the United States amounted to +9.5% per month.

Imports of Electric Motors; AC Motors, Single-Phase in Indonesia

In 2022, the amount of electric motors; AC motors, single-phases imported into Indonesia soared to 3.5M units, with an increase of 19% against 2021 figures. Overall, total imports indicated buoyant growth from 2019 to 2022: its volume increased at an average annual rate of +14.8% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +62.9% against 2020 indices. The pace of growth was the most pronounced in 2021 when imports increased by 37% against the previous year. Imports peaked in 2022 and are likely to see steady growth in the near future.

In value terms, electric motors; AC motors, single-phase imports skyrocketed to $204M in 2022. Over the period under review, imports continue to indicate a prominent expansion. The most prominent rate of growth was recorded in 2021 with an increase of 39% against the previous year. Imports peaked in 2022 and are likely to see gradual growth in years to come.

Import of Electric Motors; AC Motors, Single-Phase in Indonesia (Million USD)
COUNTRY2019202020212022CAGR,
2019-2022
United Arab EmiratesN/AN/AN/A2040%
China10598.9144N/A17.1%
Vietnam5.24.73.2N/A-21.6%
Others8.47.27.3N/A-6.8%
Total11811115420420.0%

Top Suppliers of Electric Motors; AC Motors, Single-Phase to Indonesia in 2022:

  1. United Arab Emirates (3.5M units)

Exports of Electric Motors; AC Motors, Single-Phase in Indonesia

In 2022, exports of electric motors; AC motors, single-phases from Indonesia dropped dramatically to 39K units, with a decrease of -25.4% on the year before. Over the period under review, exports, however, recorded a significant expansion. The most prominent rate of growth was recorded in 2021 when exports increased by 1,729%. As a result, the exports attained the peak of 52K units, and then contracted sharply in the following year.

In value terms, electric motors; AC motors, single-phase exports contracted remarkably to $2.7M in 2022. In general, exports, however, continue to indicate a significant increase. The most prominent rate of growth was recorded in 2021 with an increase of 1,866%. As a result, the exports reached the peak of $3.6M, and then declined dramatically in the following year.

Export of Electric Motors; AC Motors, Single-Phase in Indonesia (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
United Arab Emirates1.01.17.42,7391299.1%
Japan3022.13.0N/A-90.0%
China26458.163.6N/A-50.9%
Others2001243,575N/A322.8%
Total7671863,6492,73952.9%

Top Export Markets for Electric Motors; AC Motors, Single-Phase from Indonesia in 2022:

  1. United Arab Emirates (38.9K units)

Source: IndexBox Market Intelligence Platform

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