Report Update: Apr 17, 2024

Indonesia - Hot-Rolled Wire Rod In Coil Of Stainless Steel - Market Analysis, Forecast, Size, Trends And Insights

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Price for Hot-Rolled Wire Stainless Steel Rod in Indonesia - 2022

Price for Hot-Rolled Wire Stainless Steel Rod in Indonesia (CIF) - 2022

The average import price for hot-rolled wire rod in coil of stainless steel stood at $3,407 per ton in March 2022, shrinking by -9.7% against the previous month. Over the period from March 2021 to March 2022, it increased at an average monthly rate of +1.8%. The most prominent rate of growth was recorded in July 2021 an increase of 24% m-o-m. Over the period under review, average import prices reached the maximum at $3,773 per ton in February 2022, and then fell in the following month.

There were significant differences in the average prices amongst the major supplying countries. In March 2022, the country with the highest price was Taiwan (Chinese) ($4,194 per ton), while the price for Singapore ($2,655 per ton) was amongst the lowest.

From March 2021 to March 2022, the most notable rate of growth in terms of prices was attained by Taiwan (Chinese) (+3.5%), while the prices for the other major suppliers experienced more modest paces of growth.

Price for Hot-Rolled Wire Stainless Steel Rod in Indonesia (FOB) - 2022

The average export price for hot-rolled wire rod in coil of stainless steel stood at $8,827 per ton in 2022, with an increase of 508% against the previous year. Over the period under review, the export price showed significant growth. The export price peaked at $9,559 per ton in 2017; however, from 2018 to 2022, the export prices stood at a somewhat lower figure.

As there is only one major export destination, the average price level is determined by prices for Singapore.

From 2013 to 2022, the rate of growth in terms of prices for Singapore amounted to +24.6% per year.

Imports of Hot-Rolled Wire Stainless Steel Rod in Indonesia

In 2022, imports of hot-rolled wire rod in coil of stainless steel into Indonesia shrank to 8.3K tons, falling by -6.2% compared with 2021. The total import volume increased at an average annual rate of +6.8% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2021 when imports increased by 43% against the previous year. As a result, imports attained the peak of 8.9K tons, and then declined in the following year.

In value terms, hot-rolled wire stainless steel rod imports soared to $28M in 2022. Over the period under review, imports, however, saw a significant expansion. The most prominent rate of growth was recorded in 2021 when imports increased by 84%. Imports peaked in 2022 and are expected to retain growth in years to come.

Import of Hot-Rolled Wire Stainless Steel Rod in Indonesia (Million USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
Taiwan (Chinese)	8.9	9.6	11.6	11.9	10.2%
China	1.7	0.9	9.6	11.9	91.3%
India	1.6	1.0	2.7	3.5	29.8%
Singapore	0.9	0.6	0.3	0.6	-12.6%
South Korea	1.7	0.1	N/A	N/A	-94.1%
Others	1.5	1.1	0.2	0.5	-30.7%
Total	16.3	13.3	24.4	28.4	20.3%

Top Suppliers of Hot-Rolled Wire Stainless Steel Rod to Indonesia in 2022:

South Korea (undefinedK tons)
China (3.5K tons)
Taiwan (Chinese) (3.3K tons)
India (1.1K tons)
Singapore (0.2K tons)

Exports of Hot-Rolled Wire Stainless Steel Rod in Indonesia

In 2022, overseas shipments of hot-rolled wire rod in coil of stainless steel decreased by -63.2% to 19 tons for the first time since 2018, thus ending a three-year rising trend. Overall, exports, however, showed a buoyant increase. The most prominent rate of growth was recorded in 2020 with an increase of 109%.

In value terms, hot-rolled wire stainless steel rod exports surged to $164K in 2022. In general, exports, however, posted significant growth. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Export of Hot-Rolled Wire Stainless Steel Rod in Indonesia (Thousand USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
Singapore	26.1	9.6	31.4	161	83.4%
Kazakhstan	13.8	N/A	N/A	N/A	0%
Belgium	13.5	0.1	N/A	N/A	-99.3%
Timor-Leste	0.9	N/A	N/A	N/A	0%
Vietnam	N/A	7.5	N/A	N/A	0%
United Arab Emirates	N/A	N/A	41.7	N/A	0%
Taiwan (Chinese)	0.3	60.2	N/A	N/A	19966.7%
Others	N/A	5.0	0.2	3.2	-20.0%
Total	54.5	82.3	73.3	164	44.4%

Top Export Markets for Hot-Rolled Wire Stainless Steel Rod from Indonesia in 2022:

Singapore (18.4 tons)

Source: IndexBox Market Intelligence Platform

This report provides an in-depth analysis of the market for hot-rolled wire stainless steel rod 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 24106300 - Hot-rolled wire rod in coil, of stainless steel

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
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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.

1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business
1. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects
1. MARKET SIZE
2. MARKET STRUCTURE
3. TRADE BALANCE
4. PER CAPITA CONSUMPTION
5. MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. MOST PROFITABLE PRODUCT FOR EXPORT
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
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. TOP EXPORTING COUNTRIES
4. LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2023
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
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
1. Key Findings In 2023
2. Market Volume, In Physical Terms, 2012–2023
3. Market Value, 2012–2023
4. Per Capita Consumption In 2012-2023
5. Imports, In Physical Terms, By Country, 2012–2023
6. Imports, In Value Terms, By Country, 2012–2023
7. Import Prices, By Country Of Origin, 2012–2023
8. Exports, In Physical Terms, By Country, 2012–2023
9. Exports, In Value Terms, By Country, 2012–2023
10. Export Prices, By Country Of Destination, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
5. Trade Balance, In Physical Terms, 2012-2023
6. Trade Balance, In Value Terms, 2012-2023
7. Per Capita Consumption, 2012-2023
8. Market Volume Forecast to 2030
9. Market Value Forecast to 2030
10. Products: Market Size And Growth, By Type
11. Products: Average Per Capita Consumption, By Type
12. Products: Exports And Growth, By Type
13. Products: Export Prices And Growth, By Type
14. Production Volume And Growth
15. Exports And Growth
16. Export Prices And Growth
17. Market Size And Growth
18. Per Capita Consumption
19. Imports And Growth
20. Import Prices
21. Production, In Physical Terms, 2012–2023
22. Production, In Value Terms, 2012–2023
23. Imports, In Physical Terms, 2012–2023
24. Imports, In Value Terms, 2012–2023
25. Imports, In Physical Terms, By Country, 2023
26. Imports, In Physical Terms, By Country, 2012–2023
27. Imports, In Value Terms, By Country, 2012–2023
28. Import Prices, By Country Of Origin, 2012–2023
29. Exports, In Physical Terms, 2012–2023
30. Exports, In Value Terms, 2012–2023
31. Exports, In Physical Terms, By Country, 2023
32. Exports, In Physical Terms, By Country, 2012–2023
33. Exports, In Value Terms, By Country, 2012–2023
34. Export Prices, By Country Of Destination, 2012–2023