Indonesia - Hot-Rolled Bars In Bearing Steels - Market Analysis, Forecast, Size, Trends And Insights
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View PricingPrice for Hot-Rolled Bearing Steel Bar in Indonesia - 2022
Contents:
- Price for Hot-Rolled Bearing Steel Bar in Indonesia (CIF) - 2022
- Price for Hot-Rolled Bearing Steel Bar in Indonesia (FOB) - 2022
- Imports of Hot-Rolled Bearing Steel Bar in Indonesia
- Exports of Hot-Rolled Bearing Steel Bar in Indonesia
Price for Hot-Rolled Bearing Steel Bar in Indonesia (CIF) - 2022
The average hot-rolled bearing steel bar import price stood at $1,233 per ton in March 2022, falling by -5% against the previous month. Over the last twelve-month period, it increased at an average monthly rate of +2.2%. The most prominent rate of growth was recorded in June 2021 when the average import price increased by 16% month-to-month. The import price peaked at $1,298 per ton in February 2022, and then shrank in the following month.
Average prices varied somewhat amongst the major supplying countries. In March 2022, the highest price was recorded for prices from Japan ($1,397 per ton) and South Korea ($1,295 per ton), while the price for India ($983 per ton) and China ($1,098 per ton) were amongst the lowest.
From March 2021 to March 2022, the most notable rate of growth in terms of prices was attained by Australia (+70.1%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Hot-Rolled Bearing Steel Bar in Indonesia (FOB) - 2022
In 2022, the average hot-rolled bearing steel bar export price amounted to $849 per ton, reducing by -9.2% against the previous year. In general, the export price recorded a drastic downturn. The pace of growth appeared the most rapid in 2017 an increase of 129%. Over the period under review, the average export prices attained the peak figure at $1,809 per ton in 2012; however, from 2013 to 2022, the export prices stood at a somewhat lower figure.
Average prices varied noticeably for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Japan ($996 per ton), while the average price for exports to Taiwan (Chinese) ($810 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to China (+4.2%), while the prices for the other major destinations experienced a decline.
Imports of Hot-Rolled Bearing Steel Bar in Indonesia
Hot-rolled bearing steel bar imports into Indonesia soared to 389K tons in 2022, picking up by 36% on the previous year's figure. Overall, imports posted a pronounced increase. The most prominent rate of growth was recorded in 2021 with an increase of 52%. Imports peaked in 2022 and are likely to see steady growth in the immediate term.
In value terms, hot-rolled bearing steel bar imports skyrocketed to $605M in 2022. Over the period under review, imports saw significant growth. The growth pace was the most rapid in 2021 with an increase of 99%. Over the period under review, imports reached the peak figure in 2022 and are expected to retain growth in the near future.
| Import of Hot-Rolled Bearing Steel Bar in Indonesia (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 141 | 77.4 | 157 | 307 | 29.6% |
| Japan | 105 | 45.4 | 99.1 | 194 | 22.7% |
| South Korea | 37.7 | 23.0 | 39.1 | 76.6 | 26.7% |
| Australia | 2.5 | 2.1 | 3.9 | 7.7 | 45.5% |
| Others | 10.4 | 6.7 | 9.5 | 19.6 | 23.5% |
| Total | 297 | 155 | 308 | 605 | 26.8% |
Top Suppliers of Hot-Rolled Bearing Steel Bar to Indonesia in 2022:
- China (212.2K tons)
- Japan (111.6K tons)
- South Korea (50.4K tons)
- Australia (7.1K tons)
Exports of Hot-Rolled Bearing Steel Bar in Indonesia
In 2022, approx. 2.3K tons of hot-rolled bars in bearing steels were exported from Indonesia; jumping by 238% compared with the previous year. In general, exports enjoyed a pronounced increase.
In value terms, hot-rolled bearing steel bar exports skyrocketed to $2M in 2022. Overall, exports enjoyed a moderate increase.
| Export of Hot-Rolled Bearing Steel Bar in Indonesia (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Thailand | 1,078 | 2,728 | 170 | 1,406 | 9.3% |
| Japan | 92.8 | 525 | 352 | 379 | 59.8% |
| Taiwan (Chinese) | 477 | 0.3 | 29.2 | 179 | -27.9% |
| Others | 78.5 | 36.3 | 88.8 | N/A | 6.4% |
| Total | 1,726 | 3,289 | 640 | 1,965 | 4.4% |
Top Export Markets for Hot-Rolled Bearing Steel Bar from Indonesia in 2022:
- Thailand (1712.0 tons)
- Japan (381.1 tons)
- Taiwan (Chinese) (221.2 tons)
This report provides an in-depth analysis of the market for hot-rolled bearing steel bar in Indonesia. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.
Product coverage:
- Prodcom 24106630 - Hot-rolled bars in bearing steels
Country coverage:
- Indonesia
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in Indonesia
- Export and import prices
- Market trends, drivers and restraints
- Key market players and their profiles
Reasons to buy this report:
- Take advantage of the latest data
- Find deeper insights into current market developments
- Discover vital success factors affecting the market
This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.
In this report, you can find information that helps you to make informed decisions on the following issues:
- How to diversify your business and benefit from new market opportunities
- How to load your idle production capacity
- How to boost your sales on overseas markets
- How to increase your profit margins
- How to make your supply chain more sustainable
- How to reduce your production and supply chain costs
- How to outsource production to other countries
- How to prepare your business for global expansion
While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
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2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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5. MOST PROMISING SUPPLYING COUNTRIES
Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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10. PROFILES OF MAJOR PRODUCERS
The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO -
LIST OF TABLES
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption In 2012-2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
- Trade Balance, In Physical Terms, 2012-2023
- Trade Balance, In Value Terms, 2012-2023
- Per Capita Consumption, 2012-2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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