Much has been made of Indonesia’s automotive market as the biggest in the ASEAN, driven by a much-heralded emergent middle class. While optimism still reigns supreme with respect to the likelihood of this vision panning out, a few recent scuffs have taken some of the sheen off the market’s glossy outlook.
Indonesia’s plastic and packaging sector has shown strong growth of the back of the country’s intensified consumption habits. However, the potential of Indonesia’s plastics sector remains unfulfilled due to an over-reliance on imported raw materials.
Contribution to GDP: 20.41% (Q3 2015)
Sector Growth: 4.33% (yoy, Q3 2015)
Number Employed in the Sector: 16.38 million (February 2015)
Highest Minimum Wage by Province: 3,100,000 IDR/month (DKI Jakarta)
Lowest Minimum Wage by Province: 1,482,950 IDR/month (West Nusa Tenggara)
Main Areas: Automotive, Electronics, Textile & Garment, Footwear, Food & Beverages, Metal Products, Chemicals.
Main Export Markets: USA, Japan, China, Turkey, South Korea, Germany, Singapore, Thailand, Philippines, Saudi Arabia, Malaysia.