Indonesia: Wood Drilling Machine Market 2022

Wood Drilling Machine Market Size in Indonesia

The Indonesian wood drilling machine market soared to $X in 2021, picking up by 24% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Over the period under review, consumption saw a relatively flat trend pattern. Wood drilling machine consumption peaked at $X in 2013; however, from 2014 to 2021, consumption failed to regain momentum.

Wood Drilling Machine Exports

Exports from Indonesia

Wood drilling machine exports from Indonesia fell rapidly to X units in 2021, reducing by -42.6% compared with the year before. Over the period under review, exports saw a sharp downturn. The most prominent rate of growth was recorded in 2018 with an increase of 125%. Over the period under review, the exports hit record highs at X units in 2012; however, from 2013 to 2021, the exports failed to regain momentum.

In value terms, wood drilling machine exports declined to $X in 2021. Overall, exports continue to indicate a sharp shrinkage. The growth pace was the most rapid in 2018 when exports increased by 320%. The exports peaked at $X in 2012; however, from 2013 to 2021, the exports remained at a lower figure.

Exports by Country

Brazil (X units), Singapore (X units) and the Netherlands (X units) were the main destinations of wood drilling machine exports from Indonesia, with a combined 95% share of total exports. Maldives lagged somewhat behind, accounting for a further 5.1%.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Maldives (with a CAGR of +100.0%), while the other leaders experienced a decline.

In value terms, Brazil ($X) remains the key foreign market for wood drilling machine exports from Indonesia, comprising 75% of total exports. The second position in the ranking was held by Singapore ($X), with a 20% share of total exports. It was followed by the Netherlands, with a 3.6% share.

From 2012 to 2021, the average annual growth rate of value to Brazil stood at -22.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: Singapore (-8.5% per year) and the Netherlands (-40.5% per year).

Export Prices by Country

In 2021, the average wood drilling machine export price amounted to $X per unit, growing by 55% against the previous year. Over the period under review, the export price continues to indicate modest growth. The growth pace was the most rapid in 2017 when the average export price increased by 118% against the previous year. The export price peaked at $X per unit in 2018; however, from 2019 to 2021, the export prices remained at a lower figure.

Prices varied noticeably country of destination: the country with the highest price was Brazil ($X per unit), while the average price for exports to Maldives ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Canada (+751.1%), while the prices for the other major destinations experienced more modest paces of growth.

Wood Drilling Machine Imports

Imports into Indonesia

In 2021, the amount of drilling or morticing machines imported into Indonesia soared to X units, growing by 28% on the year before. Overall, imports, however, continue to indicate a slight downturn. The most prominent rate of growth was recorded in 2018 with an increase of 52%. Over the period under review, imports hit record highs at X units in 2013; however, from 2014 to 2021, imports failed to regain momentum.

In value terms, wood drilling machine imports surged to $X in 2021. In general, total imports indicated modest growth from 2012 to 2021: its value increased at an average annual rate of +1.7% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2018 when imports increased by 63% against the previous year. As a result, imports reached the peak of $X. From 2019 to 2021, the growth of imports failed to regain momentum.

Imports by Country

In 2021, China (X units) was the main supplier of wood drilling machine to Indonesia, accounting for a 91% share of total imports. Moreover, wood drilling machine imports from China exceeded the figures recorded by the second-largest supplier, Taiwan (Chinese) (X units), more than tenfold.

From 2012 to 2021, the average annual growth rate of volume from China was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: Taiwan (Chinese) (-4.3% per year) and Italy (-17.7% per year).

In value terms, China ($X) constituted the largest supplier of wood drilling machine to Indonesia, comprising 78% of total imports. The second position in the ranking was taken by Italy ($X), with a 7.8% share of total imports.

From 2012 to 2021, the average annual rate of growth in terms of value from China amounted to +12.2%. The remaining supplying countries recorded the following average annual rates of imports growth: Italy (-12.2% per year) and Taiwan (Chinese) (-0.7% per year).

Import Prices by Country

The average wood drilling machine import price stood at $X per unit in 2021, shrinking by -6.1% against the previous year. Over the period under review, import price indicated a pronounced increase from 2012 to 2021: its price increased at an average annual rate of +3.5% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, wood drilling machine import price increased by +5.3% against 2019 indices. The growth pace was the most rapid in 2016 when the average import price increased by 35%. The import price peaked at $X per unit in 2018; however, from 2019 to 2021, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2021, the country with the highest price was Italy ($X per unit), while the price for China ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by China (+11.5%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Market Intelligence Platform

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