Indonesia: Non-Combined Refrigerator-Freezer Market 2024

Non-Combined Refrigerator-Freezer Market Size in Indonesia

The Indonesian non-combined refrigerator-freezer market declined slightly to $X in 2022, waning by X% against the previous year. In general, the total consumption indicated a noticeable expansion from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption decreased by X% against 2018 indices. Over the period under review, the market attained the maximum level at $X in 2018; however, from 2019 to 2022, consumption remained at a lower figure.

Non-Combined Refrigerator-Freezer Production in Indonesia

In value terms, non-combined refrigerator-freezer production fell modestly to $X in 2022 estimated in export price. Overall, the total production indicated a notable increase from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production increased by X% against 2020 indices. The growth pace was the most rapid in 2017 with an increase of X%. Over the period under review, production reached the maximum level at $X in 2018; however, from 2019 to 2022, production stood at a somewhat lower figure.

Non-Combined Refrigerator-Freezer Exports

Exports from Indonesia

In 2022, overseas shipments of household refrigerators and freezers (not combined) 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 showed a remarkable increase. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

In value terms, non-combined refrigerator-freezer exports skyrocketed to $X in 2022. Overall, exports showed a noticeable expansion. The growth pace was the most rapid in 2021 when exports increased by X% against the previous year. Over the period under review, the exports attained the peak figure in 2022 and are expected to retain growth in the immediate term.

Exports by Country

India (X units) was the main destination for non-combined refrigerator-freezer exports from Indonesia, accounting for a X% share of total exports. Moreover, non-combined refrigerator-freezer exports to India exceeded the volume sent to the second major destination, Japan (X units), sevenfold. The Philippines (X units) ranked third in terms of total exports with a X% share.

From 2012 to 2022, the average annual growth rate of volume to India amounted to X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Japan (X% per year) and the Philippines (X% per year).

In value terms, India ($X) remains the key foreign market for household refrigerators and freezers (not combined) exports from Indonesia, comprising X% of total exports. The second position in the ranking was held by Japan ($X), with a X% share of total exports. It was followed by the Philippines, with a X% share.

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

Export Prices by Country

In 2022, the average non-combined refrigerator-freezer export price amounted to $X per unit, waning by X% against the previous year. Over the period under review, the export price showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 an increase of X% against the previous year. Over the period under review, the average export prices reached the maximum at $X per unit in 2021, and then reduced rapidly in the following year.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Senegal ($X per unit), while the average price for exports to Myanmar ($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 Senegal (X%), while the prices for the other major destinations experienced more modest paces of growth.

Non-Combined Refrigerator-Freezer Imports

Imports into Indonesia

Non-combined refrigerator-freezer imports into Indonesia reduced to X units in 2022, which is down by X% on the previous year's figure. In general, imports, however, continue to indicate a prominent expansion. The pace of growth was the most pronounced in 2015 when imports increased by X% against the previous year. Imports peaked at X units in 2019; however, from 2020 to 2022, imports remained at a lower figure.

In value terms, non-combined refrigerator-freezer imports dropped slightly to $X in 2022. Over the period under review, imports, however, continue to indicate resilient growth. The most prominent rate of growth was recorded in 2015 when imports increased by X% against the previous year. Imports peaked at $X in 2021, and then contracted modestly in the following year.

Imports by Country

In 2022, China (X units) was the main non-combined refrigerator-freezer supplier to Indonesia, with a X% share of total imports. It was followed by Malaysia (X units), with a X% share of total imports. The third position in this ranking was held by Denmark (X units), with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from China totaled X%. The remaining supplying countries recorded the following average annual rates of imports growth: Malaysia (X% per year) and Denmark (X% per year).

In value terms, China ($X) constituted the largest supplier of household refrigerators and freezers (not combined) to Indonesia, comprising X% of total imports. The second position in the ranking was held by Denmark ($X), with a X% share of total imports. It was followed by Malaysia, with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of value from China amounted to X%. The remaining supplying countries recorded the following average annual rates of imports growth: Denmark (X% per year) and Malaysia (X% per year).

Import Prices by Country

The average non-combined refrigerator-freezer import price stood at $X per unit in 2022, with an increase of X% against the previous year. In general, the import price continues to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2021 when the average import price increased by X%. The import price peaked in 2022 and is likely to see steady growth in years to come.

Average prices varied somewhat amongst the major supplying countries. In 2022, amid the top importers, the highest price was recorded for prices from Thailand ($X per unit) and Denmark ($X per unit), while the price for China ($X per unit) and Malaysia ($X per unit) were 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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