Indonesia - Iron or Steel Wire Products - Market Analysis, Forecast, Size, Trends And Insights
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View PricingPrice for Iron or Steel Wire Product in Indonesia - 2022
Contents:
- Price for Iron or Steel Wire Product in Indonesia (FOB) - 2022
- Price for Iron or Steel Wire Product in Indonesia (CIF) - 2022
- Exports of Iron or Steel Wire Product in Indonesia
- Imports of Iron or Steel Wire Product in Indonesia
Price for Iron or Steel Wire Product in Indonesia (FOB) - 2022
In March 2022, the average export price for iron or steel wire products amounted to $1,764 per ton, rising by 7.1% against the previous month. Overall, the export price recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in August 2021 an increase of 20% against the previous month. As a result, the export price reached the peak level of $2,067 per ton. From September 2021 to March 2022, the the average export prices remained at a lower figure.
Average prices varied noticeably for the major overseas markets. In March 2022, the highest price was recorded for prices to New Zealand ($1,754 per ton) and Malaysia ($1,746 per ton), while the average price for exports to Australia ($1,491 per ton) and Thailand ($1,495 per ton) were amongst the lowest.
From March 2021 to March 2022, the most notable rate of growth in terms of prices was recorded for supplies to Vietnam (+1.5%), while the prices for the other major destinations experienced more modest paces of growth.
Price for Iron or Steel Wire Product in Indonesia (CIF) - 2022
In 2021, the average import price for iron or steel wire products amounted to $2,194 per ton, shrinking by -5.6% against the previous year. Over the period under review, the import price, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2019 when the average import price increased by 20%. As a result, import price reached the peak level of $2,430 per ton. From 2020 to 2021, the average import prices failed to regain momentum.
Average prices varied somewhat amongst the major supplying countries. In 2021, amid the top importers, the country with the highest price was Malaysia ($2,569 per ton), while the price for China stood at $1,750 per ton.
From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Malaysia (+6.6%).
Exports of Iron or Steel Wire Product in Indonesia
For the third year in a row, Indonesia recorded decline in overseas shipments of iron or steel wire products, which decreased by -16.3% to 18K tons in 2022. In general, exports showed a abrupt descent. The smallest decline of -4.4% was in 2021.
In value terms, iron or steel wire product exports shrank to $31M in 2022. Over the period under review, exports continue to indicate a slight reduction. The most prominent rate of growth was recorded in 2021 when exports increased by 14% against the previous year. As a result, the exports reached the peak of $36M, and then dropped in the following year.
| Export of Iron or Steel Wire Product in Indonesia (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | CAGR, 2019-2021 | |
| Australia | 16.7 | 16.8 | 20.3 | 10.3% | |
| New Zealand | 3.9 | 3.2 | 3.9 | 0.0% | |
| Belgium | 2.7 | 2.9 | 2.8 | 1.8% | |
| Malaysia | 4.2 | 1.7 | 1.7 | -36.4% | |
| India | N/A | 1.7 | 1.4 | -17.6% | |
| Vietnam | 0.4 | 0.8 | 0.8 | 41.4% | |
| Others | 4.9 | 4.4 | 5.1 | 2.0% | |
| Total | 32.9 | 31.6 | 36.1 | 4.8% | |
Top Export Markets for Iron or Steel Wire Product from Indonesia in 2022:
- Australia (14.3K tons)
- New Zealand (2.8K tons)
- Belgium (1.9K tons)
- Malaysia (1.1K tons)
- Vietnam (0.6K tons)
- India (0.4K tons)
Imports of Iron or Steel Wire Product in Indonesia
In 2022, imports of iron or steel wire products into Indonesia contracted to 12K tons, which is down by -6.4% against the previous year. The total import volume increased at an average annual rate of +1.5% over the period from 2019 to 2022; the trend pattern remained consistent, with somewhat noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2021 when imports increased by 28%. As a result, imports reached the peak of 13K tons, and then dropped in the following year.
In value terms, iron or steel wire product imports expanded remarkably to $32M in 2022. The total import value increased at an average annual rate of +3.3% from 2019 to 2022; the trend pattern remained relatively stable, with only minor fluctuations being observed in certain years. The pace of growth was the most pronounced in 2021 with an increase of 21%. Over the period under review, imports hit record highs in 2022 and are likely to see gradual growth in the near future.
| Import of Iron or Steel Wire Product in Indonesia (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | CAGR, 2019-2021 | |
| China | 20.2 | 18.0 | 22.1 | 4.6% | |
| Others | 8.5 | 5.9 | 6.9 | -9.9% | |
| Total | 28.8 | 24.0 | 29.0 | 0.3% | |
Top Suppliers of Iron or Steel Wire Product to Indonesia in 2022:
- China (12.6K tons)
This report provides an in-depth analysis of the market for iron or steel wire product 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 25992925 - Finished products of iron/steel wire, snares, traps, etc., fodder ties, animal nose rings, mattress hooks, butchers
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
-
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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