Indonesia’s automotive export performance experienced a notable shift in March, showing a significant decline compared to the preceding month of February. The dip in shipments of four-wheeled vehicles and more reached double-digit percentages, signaling a challenging period for the sector.
According to comprehensive data released by the Gabungan Industri Kendaraan Bermotor Indonesia (Gaikindo), both Completely Built Up (CBU) units and Completely Knocked Down (CKD) sets witnessed a synchronized downturn in their export volumes throughout March.
Specifically, CBU exports for March totaled 36,867 units. This figure represents a substantial 20 percent decrease when measured against February’s robust performance of 45,585 units. Furthermore, the year-on-year (YoY) comparison also indicated a contraction, with CBU shipments softening by 7.5 percent compared to the same period in the previous year.
The trend extended to CKD exports, which also faced considerable headwinds. March saw a total of 5,038 CKD sets shipped, marking a sharp 36.2 percent drop from February’s 7,898 units. Interestingly, while month-on-month figures were down, CKD exports demonstrated resilience on a year-on-year basis, registering an increase of 10.4 percent from 4,564 set units in the prior year.
Beyond whole vehicles, the export of automotive components also saw a slight reduction in March, totaling 15,629,731 pieces. This was a modest dip from the 16,597,457 pieces recorded in February. However, looking at the annual comparison, March’s component exports outperformed the same period in the previous year, which had recorded 14,260,063 pieces.
Despite the overall decline in CBU exports, certain brands continued to be major contributors. Toyota led the pack, contributing significantly with 12,870 CBU units. Following closely were Daihatsu with 9,916 units, Mitsubishi Motors at 9,057 units, Hyundai with 2,332 units, and Honda rounding out the top five with 630 units.
In the realm of CKD shipments, Mitsubishi Motors emerged as the dominant force, accounting for 3,364 set units. Suzuki followed with 888 set units, while Hyundai contributed 720 set units, and Wuling added 66 set units to the total.
Echoing its strength in CBU exports, Toyota also showcased its prowess in automotive component exports, contributing a remarkable 14,653,172 pieces. Other significant contributors included Honda with 916,000 pieces, Hino exporting 50,986 pieces, Hyundai with 5,205 pieces, and Suzuki adding 4,368 pieces to the robust export figures.
Summary
Indonesia’s automotive exports experienced a significant downturn in March compared to the preceding month of February. Data from Gaikindo indicates that both Completely Built Up (CBU) and Completely Knocked Down (CKD) units witnessed a decline in shipments. Specifically, CBU exports totaled 36,867 units, representing a substantial 20% decrease from February’s performance and a 7.5% contraction year-on-year.
CKD exports also fell sharply by 36.2% month-on-month to 5,038 sets, although they registered a 10.4% increase year-on-year. Automotive component exports similarly saw a slight monthly reduction but improved annually. Toyota was the leading contributor for CBU and component exports, while Mitsubishi Motors dominated CKD shipments.