Gaikindo Reveals Indonesia's Opportunity to Surpass Thailand's Car Exports
- Gaikindo sees potential for Indonesia to surpass Thailand in car exports.
- Thailand currently leads ASEAN with 1.02 million car exports in 2024, despite an 8.8% year-on-year decline.
- Indonesia's car exports reached 472,194 units in 2024, a decrease of 6.5% from 2023.
- The entry of new car brands, particularly from China, may boost Indonesia's export performance.
- Thailand's car sales have hit a 15-year low due to stricter banking policies and high household debt.
- Total domestic car sales in Thailand fell by 26% year-on-year in 2024, the lowest since 2009.
- Indonesia's economic growth slowed to 5.03% in 2024, below the government's target of 5.2%.
- Business leaders hope for improved economic growth to support the automotive industry.
Find out the mood, impact, relevance and relevant interest groups
Analyses of the article
SENTIMENT
The article presents a mix of statistics and forecasts without expressing a clear positive or negative bias, focusing on current trends and potential future developments.
IMPACT
Short
The article discusses current car export figures and economic conditions, which are relevant in the short term as they reflect immediate market dynamics.
RELEVANCE
Moderate
The article is moderately relevant as it pertains to the automotive industry and economic conditions in Indonesia and Thailand, which may interest specific audiences but is not of broad significance.
STAKEHOLDER
businesses
The primary focus is on businesses within the automotive sector, particularly in Indonesia and Thailand, as it discusses export performance and economic growth affecting this industry.