Indonesia: Market for Grinding, Sanding and Polishing Machines 2022

Market Size for Grinding, Sanding and Polishing Machines in Indonesia

The Indonesian market for grinding, sanding and polishing machines surged to $X in 2021, increasing by 31% 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). In general, consumption showed a relatively flat trend pattern. Grinding, sanding and polishing machine consumption peaked at $X in 2019; however, from 2020 to 2021, consumption stood at a somewhat lower figure.

Exports of Grinding, Sanding and Polishing Machines

Exports from Indonesia

After two years of growth, overseas shipments of grinding, sanding and polishing machines decreased by -83.5% to X units in 2021. Over the period under review, exports faced a sharp descent. The most prominent rate of growth was recorded in 2019 with an increase of 230%. The exports peaked at X units in 2012; however, from 2013 to 2021, the exports stood at a somewhat lower figure.

In value terms, grinding, sanding and polishing machine exports shrank remarkably to $X in 2021. In general, exports faced a deep contraction. The pace of growth was the most pronounced in 2019 when exports increased by 527%. The exports peaked at $X in 2014; however, from 2015 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

The United States (X units) was the main destination for grinding, sanding and polishing machine exports from Indonesia, accounting for a 71% share of total exports. Moreover, grinding, sanding and polishing machine exports to the United States exceeded the volume sent to the second major destination, the Netherlands (X units), threefold.

From 2012 to 2021, the average annual growth rate of volume to the United States stood at -7.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: the Netherlands (+14.8% per year) and Singapore (-21.7% per year).

In value terms, the United States ($X) emerged as the key foreign market for grinding, sanding and polishing machine exports from Indonesia, comprising 88% of total exports. The second position in the ranking was held by the Netherlands ($X), with a 9.5% share of total exports.

From 2012 to 2021, the average annual rate of growth in terms of value to the United States stood at -8.7%. Exports to the other major destinations recorded the following average annual rates of exports growth: the Netherlands (+47.0% per year) and Singapore (-24.3% per year).

Export Prices by Country

In 2021, the average export price for grinding, sanding and polishing machines amounted to $X per unit, jumping by 218% against the previous year. Over the period under review, the export price showed a prominent expansion. Over the period under review, the average export prices reached the maximum at $X per unit in 2019; however, from 2020 to 2021, the export prices remained at a lower figure.

Prices varied noticeably country of destination: the country with the highest price was the United States ($X per unit), while the average price for exports to Singapore ($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 France (+31.4%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Grinding, Sanding and Polishing Machines

Imports into Indonesia

Grinding, sanding and polishing machine imports into Indonesia soared to X units in 2021, rising by 46% against the previous year. Over the period under review, imports posted a remarkable increase. The most prominent rate of growth was recorded in 2014 when imports increased by 57%. Over the period under review, imports reached the maximum in 2021 and are likely to see gradual growth in the immediate term.

In value terms, grinding, sanding and polishing machine imports expanded to $X in 2021. In general, imports, however, saw a abrupt downturn. The pace of growth appeared the most rapid in 2014 with an increase of 76%. Imports peaked at $X in 2012; however, from 2013 to 2021, imports remained at a lower figure.

Imports by Country

In 2021, China (X units) constituted the largest grinding, sanding and polishing machine supplier to Indonesia, with a 88% share of total imports. Moreover, grinding, sanding and polishing machine imports from China exceeded the figures recorded by the second-largest supplier, Taiwan (Chinese) (X units), more than tenfold. Japan (X units) ranked third in terms of total imports with a 1.2% share.

From 2012 to 2021, the average annual growth rate of volume from China amounted to +17.2%. The remaining supplying countries recorded the following average annual rates of imports growth: Taiwan (Chinese) (-2.5% per year) and Japan (-25.7% per year).

In value terms, China ($X) constituted the largest supplier of grinding, sanding and polishing machine to Indonesia, comprising 68% of total imports. The second position in the ranking was taken by Taiwan (Chinese) ($X), with an 18% share of total imports. It was followed by Germany, with a 3.1% share.

From 2012 to 2021, the average annual growth rate of value from China stood at +11.3%. The remaining supplying countries recorded the following average annual rates of imports growth: Taiwan (Chinese) (+1.2% per year) and Germany (-17.6% per year).

Import Prices by Country

The average import price for grinding, sanding and polishing machines stood at $X per unit in 2021, declining by -30.2% against the previous year. Overall, the import price recorded a drastic downturn. The pace of growth was the most pronounced in 2014 an increase of 13%. Over the period under review, average import prices hit record highs at $X per unit in 2012; however, from 2013 to 2021, import prices remained at a lower figure.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Taiwan (Chinese) (+3.8%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Market Intelligence Platform

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