Ceramic Insulating Fittings Market in Indonesia
Market Overview
In 
, the Indonesian ceramic insulating fittings market increased by % to $, rising for the second year in a row after three years of decline. In general, consumption saw a significant expansion. Ceramic insulating fittings consumption peaked at $ in 2012; however, from 2013 to , consumption failed to regain momentum.
, the Indonesian ceramic insulating fittings market increased by % to $, rising for the second year in a row after three years of decline. In general, consumption saw a significant expansion. Ceramic insulating fittings consumption peaked at $ in 2012; however, from 2013 to , consumption failed to regain momentum.Consumption
In , consumption of insulating fittings for electrical purposes of ceramics increased by % to units, rising for the second consecutive year after three years of decline. Overall, consumption saw significant growth. As a result, consumption attained the peak volume of units. From 2013 to , the growth of the consumption failed to regain momentum.
The revenue of the ceramic insulating fittings market in Indonesia soared to $ in , picking up by % 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). Over the period under review, consumption continues to indicate significant growth. Ceramic insulating fittings consumption peaked at $ in 2012; however, from 2013 to , consumption remained at a lower figure.
, consumption of insulating fittings for electrical purposes of ceramics increased by % to units, rising for the second consecutive year after three years of decline. Overall, consumption saw significant growth. As a result, consumption attained the peak volume of units. From 2013 to , the growth of the consumption failed to regain momentum.The revenue of the ceramic insulating fittings market in Indonesia soared to $
in , picking up by % 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). Over the period under review, consumption continues to indicate significant growth. Ceramic insulating fittings consumption peaked at $ in 2012; however, from 2013 to , consumption remained at a lower figure.Market Forecast
The ceramic insulating fittings market is expected to start a downward consumption trend over the next eight years. The performance of the market is forecast to decrease slightly, with an anticipated CAGR of -% for the eight-year period from to , which is projected to depress the market volume to units by the end of .
In value terms, the market is forecast to contract 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 eight-year period from to , which is projected to depress the market volume to units by the end of .In value terms, the market is forecast to contract 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 insulating fittings market in Indonesia consists almost entirely of imported products. In recent years, import price have increased sharply. Despite the hike in price, Indonesia relies completely on foreign supplies: the volume of domestic output remains insufficient to satiate market demand.
Trade Balance
Indonesia remains a net importer of ceramic insulating fittings; 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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