Report Update: May 1, 2024

Indonesia - Timers - Market Analysis, Forecast, Size, Trends And Insights

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Timer Price in Indonesia - 2022

Timer Price in Indonesia (FOB) - 2022

The average timer export price stood at $459 per unit in March 2022, therefore, remained relatively stable against the previous month. In general, the export price enjoyed a buoyant increase. The growth pace was the most rapid in February 2022 when the average export price increased by 142% m-o-m. Over the period under review, the average export prices hit record highs in March 2022.

Average prices varied noticeably for the major foreign markets. In March 2022, the countries with the highest prices were the United States ($459 per unit) and India ($459 per unit), while the average price for exports to Singapore ($459 per unit) and Taiwan (Chinese) ($459 per unit) were amongst the lowest.

From March 2021 to March 2022, the most notable rate of growth in terms of prices was recorded for supplies to Thailand (+12.7%), while the prices for the other major destinations experienced more modest paces of growth.

Timer Price in Indonesia (CIF) - 2022

In 2022, the average timer import price amounted to $41 per unit, which is down by -11.7% against the previous year. In general, the import price recorded a drastic downturn. The most prominent rate of growth was recorded in 2018 when the average import price increased by 45%. Over the period under review, average import prices hit record highs at $103 per unit in 2012; however, from 2013 to 2022, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was the Netherlands ($367 per unit), while the price for China ($17 per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the Netherlands (+0.2%), while the prices for the other major suppliers experienced a decline.

Timer Exports in Indonesia

In 2022, overseas shipments of timers were finally on the rise to reach 99K units after two years of decline. Over the period under review, exports, however, faced a abrupt setback. The exports peaked at 180K units in 2019; however, from 2020 to 2022, the exports remained at a lower figure.

In value terms, timer exports rose modestly to $14M in 2022. The total export value increased at an average annual rate of +4.6% over the period from 2019 to 2022; however, the trend pattern remained relatively stable, with only minor fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2021 when exports increased by 24% against the previous year. Over the period under review, the exports hit record highs in 2022 and are expected to retain growth in the immediate term.

Export of Timer in Indonesia (Million USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
Singapore	0.5	0.4	0.5	4.4	106.5%
United States	0.6	0.7	0.8	2.8	67.1%
Thailand	0.9	0.5	0.6	2.3	36.7%
South Korea	0.4	0.3	0.4	1.4	51.8%
Taiwan (Chinese)	0.2	0.2	0.2	0.9	65.1%
Vietnam	0.3	0.2	0.2	0.9	44.2%
China	N/A	N/A	0.1	0.3	200.0%
Japan	6.4	6.2	7.5	N/A	8.3%
Netherlands	2.8	2.0	2.7	N/A	-1.8%
Others	0.4	0.4	0.5	1.2	44.2%
Total	12.4	10.9	13.6	14.1	4.4%

Top Export Markets for Timer from Indonesia in 2022:

Netherlands (undefinedK units)
Singapore (42.5K units)
United States (23.2K units)
China (8.5K units)
Thailand (6.9K units)
South Korea (6.2K units)
Taiwan (Chinese) (3.9K units)
Vietnam (3.9K units)
Japan (0.1K units)

Timer Imports in Indonesia

In 2022, after two years of decline, there was significant growth in overseas purchases of timers, when their volume increased by 91% to 37K units. Overall, total imports indicated a prominent increase from 2019 to 2022: its volume increased at an average annual rate of +6.1% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, timer imports soared to $1.5M in 2022. In general, imports continue to indicate a buoyant increase. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Import of Timer in Indonesia (Thousand USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
China	673	556	375	513	-8.7%
Netherlands	2.8	0.1	160	265	355.7%
Hong Kong SAR	1.2	6.7	2.9	168	419.2%
Singapore	156	12.0	5.9	20.0	-49.6%
Others	306	237	361	559	22.2%
Total	1,139	812	905	1,526	10.2%

Top Suppliers of Timer to Indonesia in 2022:

China (29.4K units)
Hong Kong SAR (5.3K units)
Singapore (0.8K units)
Netherlands (0.7K units)

Source: IndexBox Market Intelligence Platform

This report provides an in-depth analysis of the timer market in Indonesia. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.

Product coverage:

Prodcom 26522810 - Time-registers and time-recorders

Country coverage:

Indonesia

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in Indonesia
Export and import prices
Market trends, drivers and restraints
Key market players and their profiles

Reasons to buy this report:

Take advantage of the latest data
Find deeper insights into current market developments
Discover vital success factors affecting the market

This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:

How to diversify your business and benefit from new market opportunities
How to load your idle production capacity
How to boost your sales on overseas markets
How to increase your profit margins
How to make your supply chain more sustainable
How to reduce your production and supply chain costs
How to outsource production to other countries
How to prepare your business for global expansion

While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.

1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business
1. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects
1. MARKET SIZE
2. MARKET STRUCTURE
3. TRADE BALANCE
4. PER CAPITA CONSUMPTION
5. MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. TOP EXPORTING COUNTRIES
4. LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2023
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO
LIST OF TABLES
1. Key Findings In 2023
2. Market Volume, In Physical Terms, 2012–2023
3. Market Value, 2012–2023
4. Per Capita Consumption In 2012-2023
5. Imports, In Physical Terms, By Country, 2012–2023
6. Imports, In Value Terms, By Country, 2012–2023
7. Import Prices, By Country Of Origin, 2012–2023
8. Exports, In Physical Terms, By Country, 2012–2023
9. Exports, In Value Terms, By Country, 2012–2023
10. Export Prices, By Country Of Destination, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
5. Trade Balance, In Physical Terms, 2012-2023
6. Trade Balance, In Value Terms, 2012-2023
7. Per Capita Consumption, 2012-2023
8. Market Volume Forecast to 2030
9. Market Value Forecast to 2030
10. Products: Market Size And Growth, By Type
11. Products: Average Per Capita Consumption, By Type
12. Products: Exports And Growth, By Type
13. Products: Export Prices And Growth, By Type
14. Production Volume And Growth
15. Exports And Growth
16. Export Prices And Growth
17. Market Size And Growth
18. Per Capita Consumption
19. Imports And Growth
20. Import Prices
21. Production, In Physical Terms, 2012–2023
22. Production, In Value Terms, 2012–2023
23. Imports, In Physical Terms, 2012–2023
24. Imports, In Value Terms, 2012–2023
25. Imports, In Physical Terms, By Country, 2023
26. Imports, In Physical Terms, By Country, 2012–2023
27. Imports, In Value Terms, By Country, 2012–2023
28. Import Prices, By Country Of Origin, 2012–2023
29. Exports, In Physical Terms, 2012–2023
30. Exports, In Value Terms, 2012–2023
31. Exports, In Physical Terms, By Country, 2023
32. Exports, In Physical Terms, By Country, 2012–2023
33. Exports, In Value Terms, By Country, 2012–2023
34. Export Prices, By Country Of Destination, 2012–2023