Ceramic Electrical Insulator Market in Indonesia
Market Overview
In 
, the Indonesian ceramic electrical insulator market was finally on the rise to reach $ for the first time since 2017, thus ending a four-year declining trend. In general, consumption continues to indicate prominent growth. Ceramic electrical insulator consumption peaked at $ in 2017; however, from 2018 to , consumption stood at a somewhat lower figure.
, the Indonesian ceramic electrical insulator market was finally on the rise to reach $ for the first time since 2017, thus ending a four-year declining trend. In general, consumption continues to indicate prominent growth. Ceramic electrical insulator consumption peaked at $ in 2017; however, from 2018 to , consumption stood at a somewhat lower figure.Consumption
In , consumption of electrical insulators of ceramics increased by % to units for the first time since 2018, thus ending a three-year declining trend. In general, consumption saw a prominent increase. Ceramic electrical insulator consumption peaked at units in 2012; however, from 2013 to , consumption remained at a lower figure.
The value of the ceramic electrical insulator market in Indonesia surged to $ in , with an increase of % against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Overall, consumption recorded a buoyant expansion. Ceramic electrical insulator consumption peaked at $ in 2017; however, from 2018 to , consumption stood at a somewhat lower figure.
, consumption of electrical insulators of ceramics increased by % to units for the first time since 2018, thus ending a three-year declining trend. In general, consumption saw a prominent increase. Ceramic electrical insulator consumption peaked at units in 2012; however, from 2013 to , consumption remained at a lower figure.The value of the ceramic electrical insulator market in Indonesia surged to $
in , with an increase of % against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Overall, consumption recorded a buoyant expansion. Ceramic electrical insulator consumption peaked at $ in 2017; however, from 2018 to , consumption stood at a somewhat lower figure.Market Forecast
Driven by increasing demand for electrical insulators of ceramics in Indonesia, the market is expected to continue an upward consumption trend over the next eight years. Market performance is forecast to decelerate, expanding with an anticipated CAGR of +% for the period from to , which is projected to bring the market volume to units by the end of .
In value terms, the market is forecast to increase with an anticipated CAGR of +% for the period from to , which is projected to bring the market value to $ (in nominal prices) by the end of .
% for the period from to , which is projected to bring the market volume to units by the end of .In value terms, the market is forecast to increase with an anticipated CAGR of +
% for the period from to , which is projected to bring the market value to $ (in nominal prices) by the end of .Market Structure
Ceramic electrical insulator market in Indonesia consists almost entirely of imported products.
Trade Balance
Indonesia remains a net importer of ceramic electrical insulator; in physical and value terms, imports consistently exceeded exports from 2007 to . In , there was a significant trade deficit of units, which was equal to $. This tangible trade deficit reflects the fact that the market remains dependent on imports, which is likely to continue in the medium term.
. In , there was a significant trade deficit of units, which was equal to $. This tangible trade deficit reflects the fact that the market remains dependent on imports, which is likely to continue in the medium term.
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