Indonesia: Market for Hot-Rolled Bars Of High Speed Steel 2022

Market Size for Hot-Rolled Bars Of High Speed Steel in Indonesia

The Indonesian market for hot-rolled bars of high speed steel contracted rapidly to $X in 2021, dropping by -X% 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 continues to indicate a deep contraction. As a result, consumption reached the peak level of $X. From 2014 to 2021, the growth of the market remained at a lower figure.

Exports of Hot-Rolled Bars Of High Speed Steel

Exports from Indonesia

In 2021, approx. X tons of hot-rolled bars of high speed steel were exported from Indonesia; reducing by -X% compared with 2020. Overall, exports continue to indicate a drastic downturn. The most prominent rate of growth was recorded in 2016 with an increase of X% against the previous year. The exports peaked at X tons in 2013; however, from 2014 to 2021, the exports remained at a lower figure.

In value terms, hot-rolled high speed steel bar exports fell dramatically to $X in 2021. In general, exports showed a abrupt decrease. The growth pace was the most rapid in 2016 when exports increased by X% against the previous year. As a result, the exports attained the peak of $X. From 2017 to 2021, the growth of the exports remained at a lower figure.

Exports by Country

Japan (X tons) was the main destination for hot-rolled high speed steel bar exports from Indonesia, with a approx. X% share of total exports.

From 2012 to 2021, the average annual growth rate of volume to Japan totaled -X%.

In value terms, Japan ($X) also remains the key foreign market for hot-rolled high speed steel bar exports from Indonesia.

From 2012 to 2021, the average annual rate of growth in terms of value to Japan amounted to -X%.

Export Prices by Country

The average export price for hot-rolled bars of high speed steel stood at $X per ton in 2021, falling by -X% against the previous year. Overall, the export price, however, enjoyed a prominent increase. The growth pace was the most rapid in 2020 an increase of X%. As a result, the export price reached the peak level of $X per ton, and then shrank sharply in the following year.

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

From 2012 to 2021, the rate of growth in terms of prices for Japan amounted to +X% per year.

Imports of Hot-Rolled Bars Of High Speed Steel

Imports into Indonesia

In 2021, the amount of hot-rolled bars of high speed steel imported into Indonesia reduced rapidly to X tons, shrinking by -X% on the previous year's figure. Over the period under review, imports continue to indicate a perceptible setback. The pace of growth was the most pronounced in 2013 with an increase of X%. As a result, imports reached the peak of X tons. From 2014 to 2021, the growth of imports remained at a lower figure.

In value terms, hot-rolled high speed steel bar imports dropped notably to $X in 2021. In general, imports saw a deep setback. The pace of growth was the most pronounced in 2013 when imports increased by X%. As a result, imports reached the peak of $X. From 2014 to 2021, the growth of imports failed to regain momentum.

Imports by Country

In 2021, Taiwan (Chinese) (X tons) constituted the largest hot-rolled high speed steel bar supplier to Indonesia, with a X% share of total imports. Moreover, hot-rolled high speed steel bar imports from Taiwan (Chinese) exceeded the figures recorded by the second-largest supplier, Singapore (X tons), twofold. The third position in this ranking was held by Malaysia (X tons), with an X% share.

From 2012 to 2021, the average annual growth rate of volume from Taiwan (Chinese) totaled +X%. The remaining supplying countries recorded the following average annual rates of imports growth: Singapore (+X% per year) and Malaysia (+X% per year).

In value terms, Taiwan (Chinese) ($X) constituted the largest supplier of hot-rolled high speed steel bar to Indonesia, comprising X% of total imports. The second position in the ranking was taken by Singapore ($X), with a X% share of total imports. It was followed by Japan, with an X% share.

From 2012 to 2021, the average annual rate of growth in terms of value from Taiwan (Chinese) stood at +X%. The remaining supplying countries recorded the following average annual rates of imports growth: Singapore (-X% per year) and Japan (-X% per year).

Import Prices by Country

The average import price for hot-rolled bars of high speed steel stood at $X per ton in 2021, growing by X% against the previous year. In general, the import price, however, continues to indicate a pronounced slump. The growth pace was the most rapid in 2019 an increase of X%. The import price peaked at $X per ton in 2014; however, from 2015 to 2021, import prices stood at a somewhat lower figure.

Prices varied noticeably countryorigin: the country with the highest price was Japan ($X per ton), while the price for Malaysia ($X per ton) was amongst the lowest.

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

Source: IndexBox Market Intelligence Platform

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