Indonesian exports on the rise driven by Toyota
- Indonesia’s vehicle exports has been on the rise. It surpassed 100 000 units for the first time in 2008 and reached the 170 000 unit in 2012 and 2013. Volume increased by 9,8% to nearly 93 000 units in the first 6 months of 2014, and year-round exports are expected to top 200 000 units.
- Growing export from Indonesia is stimulated by two factors: rising export of Toyota’s mass-produced models (Fortuner and Innova) and growing exports of small passenger LCGCs (low cost green cars) to ASEAN countries. In addition, Indonesia’s vehicle industry development target through to 2025 sets its vehicle export volume at 386 000 units for 2015, over 600 000 units for 2020 and over 1 millions units for 2025, raising export share of total production of over 20%.
- Toyota increased its vehicle production capacity to 250 000 units per year in January 2014 and has began preparations to use the country as an export base, taking advantage of the weak Indonesian currency. Toyota began exporting (the Vios and the Yaris) to Singapore, Brunei and other ASEAN countries. In March 2014, the carmaker launched export to nine countries in the Middle East, including Saudi Arabia, UAE and Kuwait with a monthly scale of 3 000 units. Export volume is aimed to increase by 30% in 2014 compared to 2013 (from 118 000 units to 152 000 units). In 2016, Toyota’s export volume is projected to surpass the carmaker’s sales volume in Indonesia.
- Suzuki exports (APV, Grand Vitara, Swift, Ertiga and Wagon R) decreased by 7,4% to 21 000 units in 2014. But targeted volume aims to reach 26 000 units in 2015 and 30 000 units in 2018. Other carmakers, such as Nissan (Grand Livina, X-Trail, Datsun Go+) and Honda (Freed and Brio Satya) have yet to release export plans; however they are planning to boost their volumes in coming years.
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