Passenger Car Market in Indonesia
Market Overview
In 
, the Indonesian passenger car market increased by % to $ for the first time since 2018, thus ending a two-year declining trend. Overall, the total consumption indicated moderate growth from 2007 to : its value increased at an average annual rate of +% over the last fourteen years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on figures, consumption decreased by -% against 2016 indices. Over the period under review, the market hit record highs at $ in 2011; however, from 2012 to , consumption failed to regain momentum.
In value terms, passenger car production stood at $ in estimated in export price. Overall, the total production indicated temperate growth from 2007 to : its value increased at an average annual rate of +% over the last fourteen years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on figures, production decreased by -% against 2016 indices. The pace of growth was the most pronounced in 2010 with an increase of % against the previous year. Passenger car production peaked at $ in 2011; however, from 2012 to , production remained at a lower figure.
, the Indonesian passenger car market increased by % to $ for the first time since 2018, thus ending a two-year declining trend. Overall, the total consumption indicated moderate growth from 2007 to : its value increased at an average annual rate of +% over the last fourteen years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on figures, consumption decreased by -% against 2016 indices. Over the period under review, the market hit record highs at $ in 2011; however, from 2012 to , consumption failed to regain momentum.In value terms, passenger car production stood at $
in estimated in export price. Overall, the total production indicated temperate growth from 2007 to : its value increased at an average annual rate of +% over the last fourteen years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on figures, production decreased by -% against 2016 indices. The pace of growth was the most pronounced in 2010 with an increase of % against the previous year. Passenger car production peaked at $ in 2011; however, from 2012 to , production remained at a lower figure.Consumption
In , the amount of passenger cars consumed in Indonesia shrank slightly to units, standing approx. at the year before. In general, consumption, however, recorded a relatively flat trend pattern. Passenger car consumption peaked at units in 2011; however, from 2012 to , consumption stood at a somewhat lower figure.
The revenue of the passenger car market in Indonesia stood 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, the total consumption indicated temperate growth from 2007 to : its value increased at an average annual rate of +% over the last fifteen years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on figures, consumption increased by +% against indices. Passenger car consumption peaked at $ in 2011; however, from 2012 to , consumption stood at a somewhat lower figure.
, the amount of passenger cars consumed in Indonesia shrank slightly to units, standing approx. at the year before. In general, consumption, however, recorded a relatively flat trend pattern. Passenger car consumption peaked at units in 2011; however, from 2012 to , consumption stood at a somewhat lower figure.The revenue of the passenger car market in Indonesia stood 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, the total consumption indicated temperate growth from 2007 to : its value increased at an average annual rate of +% over the last fifteen years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on figures, consumption increased by +% against indices. Passenger car consumption peaked at $ in 2011; however, from 2012 to , consumption stood at a somewhat lower figure.Market Forecast
The passenger car 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
Over the period under review, imports of passenger car in Indonesia were negligibly small compared to the production volumes. Therefore, the share of imports in the total market was practically nonexistent, both in volume and in value terms. This situation has remained constant over the period under review, which means that domestic producers entirely meet the domestic demand for passenger car.
Trade Balance
Indonesia remains a net exporter of passenger car; in physical and value terms, exports consistently exceeded imports from 2007 to . In , there was a significant trade surplus of units, which was equal to $. This tangible trade surplus reflects the fact that the market remains buoyed by domestic production, and the industry is highly incorporated into the global market, which is likely to continue in the medium term.
. In , there was a significant trade surplus of units, which was equal to $. This tangible trade surplus reflects the fact that the market remains buoyed by domestic production, and the industry is highly incorporated into the global market, which is likely to continue in the medium term.
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