Report Update: May 1, 2024

Indonesia - Table, Kitchen Or Household Articles And Parts Of Stainless Steel - Market Analysis, Forecast, Size, Trends And Insights

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Price for Stainless Steel Household Articles in Indonesia - 2022

Price for Stainless Steel Household Articles in Indonesia (CIF) - 2022

The average stainless steel household articles import price stood at $1.9 per unit in March 2022, increasing by 12% against the previous month. Over the period from March 2021 to March 2022, it increased at an average monthly rate of +2.5%. The pace of growth appeared the most rapid in August 2021 when the average import price increased by 15% month-to-month. The import price peaked in March 2022.

There were significant differences in the average prices amongst the major supplying countries. In March 2022, the country with the highest price was Singapore ($10.6 per unit), while the price for India ($531 per thousand units) was amongst the lowest.

From March 2021 to March 2022, the most notable rate of growth in terms of prices was attained by Singapore (+19.4%), while the prices for the other major suppliers experienced mixed trend patterns.

Price for Stainless Steel Household Articles in Indonesia (FOB) - 2022

In 2022, the average stainless steel household articles export price amounted to $11 per unit, surging by 52% against the previous year. Overall, export price indicated resilient growth from 2012 to 2022: its price increased at an average annual rate of +7.6% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, stainless steel household articles export price increased by +100.7% against 2018 indices. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Saudi Arabia ($20 per unit), while the average price for exports to Ethiopia ($1.2 per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Benin (+13.6%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Stainless Steel Household Articles in Indonesia

In 2022, the amount of table, kitchen or household articles and parts of stainless steel imported into Indonesia shrank markedly to 24M units, with a decrease of -22.8% compared with the previous year's figure. Overall, imports continue to indicate a abrupt decrease. The most prominent rate of growth was recorded in 2021 when imports increased by 14% against the previous year. Over the period under review, imports hit record highs at 38M units in 2019; however, from 2020 to 2022, imports failed to regain momentum.

In value terms, stainless steel household articles imports dropped to $41M in 2022. Over the period under review, imports showed a abrupt slump. The pace of growth was the most pronounced in 2021 when imports increased by 19% against the previous year. Over the period under review, imports attained the maximum at $62M in 2019; however, from 2020 to 2022, imports stood at a somewhat lower figure.

Import of Stainless Steel Household Articles in Indonesia (Million USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
China	55.4	36.4	43.4	40.1	-10.2%
Singapore	0.6	0.5	1.5	0.6	0.0%
India	0.5	0.2	0.3	0.3	-15.7%
Others	5.4	2.1	1.3	0.5	-54.8%
Total	62.0	39.2	46.6	41.5	-12.5%

Top Suppliers of Stainless Steel Household Articles to Indonesia in 2022:

China (23.0M units)
India (0.4M units)
Singapore (0.3M units)

Exports of Stainless Steel Household Articles in Indonesia

In 2022, the amount of table, kitchen or household articles and parts of stainless steel exported from Indonesia declined markedly to 1.1M units, which is down by -44.8% compared with 2021. Overall, exports continue to indicate a sharp decline. The growth pace was the most rapid in 2021 with an increase of 20%. The exports peaked at 2.5M units in 2019; however, from 2020 to 2022, the exports stood at a somewhat lower figure.

In value terms, stainless steel household articles exports shrank remarkably to $12M in 2022. Over the period under review, exports saw a deep reduction. The most prominent rate of growth was recorded in 2021 when exports increased by 6.5%. Over the period under review, the exports reached the peak figure at $16M in 2019; however, from 2020 to 2022, the exports stood at a somewhat lower figure.

Export of Stainless Steel Household Articles in Indonesia (Thousand USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
Saudi Arabia	6,297	5,904	5,323	4,856	-8.3%
Belgium	1,034	980	1,166	1,318	8.4%
United States	1,541	608	385	625	-26.0%
Mali	307	360	405	425	11.5%
Singapore	673	825	811	396	-16.2%
India	171	80.4	501	363	28.5%
Australia	1,858	1,511	2,092	345	-42.9%
Latvia	190	223	251	264	11.6%
Venezuela	120	141	159	167	11.6%
United Kingdom	1,376	232	135	116	-56.2%
Benin	74.0	86.7	97.7	103	11.7%
Malaysia	65.5	65.8	93.9	82.6	8.0%
Ethiopia	9.8	11.8	16.9	17.7	21.8%
Others	2,628	2,463	2,931	3,003	4.5%
Total	16,346	13,490	14,367	12,079	-9.6%

Top Export Markets for Stainless Steel Household Articles from Indonesia in 2022:

Saudi Arabia (244.9K units)
India (131.8K units)
Belgium (115.4K units)
Singapore (75.6K units)
United States (52.6K units)
Australia (32.4K units)
Benin (28.7K units)
Mali (28.6K units)
Venezuela (15.7K units)
Malaysia (15.0K units)
Ethiopia (14.4K units)
United Kingdom (14.4K units)
Latvia (14.3K units)

Source: IndexBox Market Intelligence Platform

This report provides an in-depth analysis of the market for stainless steel household articles 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 25991225 - Table, kitchen or household articles and parts thereof of stainless steel (excluding cutlery)

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.

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