Indonesia Electric AC Motors Market Shipment Analysis
Indonesia Electric AC Motors Market registered a growth of 31.45% in value shipments in 2021 as compared to 2020 and a decrease of -6.94% CAGR in 2021 over a period of 2017. In Electric AC Motors Market Indonesia is becoming less competitive as HHI index in 2021 was 5792 while in 2017 it was 5701. Herfindahl Index measures the competitiveness of exporting countries. The range lies from 0 to 10000, where a lower index number represents a larger number of players or exporting countries in the market while a large index number means less numbers of players or countries exporting in the market.
Indonesia has reportedly relied more on imports to meet its growing demand in Electric AC Motors Market. India is shifting towards local production to meet its demand as we see the trend is shifting towards reducing imports. The import factor of Electric AC Motors Market in 2021 was 65.95 while in 2017 it was 841.39. China, Germany, Japan, South Korea and USA were among the top players of the market in 2021, where China acquired the largest market share of 75.81% with a shipment value of 205.23 million USD in 2022 China also offered the product below the average market price thus having a competitive advantage over others In 2017 China had the largest market share of 75.05% with the shipment value of 221.41 million USD. The country was offering its product with an average price which is higher than the average market price offered in the country. Although China offers its product above the market average price, it remained at the leadership position indicating the brand value it holds in the Indonesia Electric AC Motors Market in 2017.
