Crawler Tractor Market in Indonesia
Market Overview
In 
, the Indonesian crawler tractor market decreased by -% to $, falling for the second year in a row after four years of growth. Over the period under review, consumption, however, recorded significant growth. Over the period under review, the market attained the maximum level at $ in 2019; however, from to , consumption remained at a lower figure.
In value terms, crawler tractor production amounted to $ in estimated in export price. Overall, production showed a relatively flat trend pattern. The growth pace was the most rapid in 2013 with an increase of %. As a result, production reached the peak level of $. From 2014 to , production growth remained at a lower figure.
, the Indonesian crawler tractor market decreased by -% to $, falling for the second year in a row after four years of growth. Over the period under review, consumption, however, recorded significant growth. Over the period under review, the market attained the maximum level at $ in 2019; however, from to , consumption remained at a lower figure.In value terms, crawler tractor production amounted to $
in estimated in export price. Overall, production showed a relatively flat trend pattern. The growth pace was the most rapid in 2013 with an increase of %. As a result, production reached the peak level of $. From 2014 to , production growth remained at a lower figure.Consumption
In , consumption of crawler tractors was finally on the rise to reach units for the first time since 2019, thus ending a two-year declining trend. In general, consumption showed a significant expansion. Crawler tractor consumption peaked at units in 2019; however, from to , consumption stood at a somewhat lower figure.
The value of the crawler tractor market in Indonesia was estimated at $ 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). Overall, consumption enjoyed a significant expansion. Over the period under review, the market hit record highs at $ in 2019; however, from to , consumption remained at a lower figure.
, consumption of crawler tractors was finally on the rise to reach units for the first time since 2019, thus ending a two-year declining trend. In general, consumption showed a significant expansion. Crawler tractor consumption peaked at units in 2019; however, from to , consumption stood at a somewhat lower figure.The value of the crawler tractor market in Indonesia was estimated at $
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). Overall, consumption enjoyed a significant expansion. Over the period under review, the market hit record highs at $ in 2019; however, from to , consumption remained at a lower figure.Market Forecast
Driven by increasing demand for crawler tractors in Indonesia, the market is expected to continue an upward consumption trend over the next eight-year period. 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
In , the share of imports in total consumption accounted for % in value terms and % in physical terms. The share of imports remained relatively constant over the period under review.
, the share of imports in total consumption accounted for % in value terms and % in physical terms. The share of imports remained relatively constant over the period under review.Trade Balance
Indonesia remains a net importer of crawler tractor; 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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