Indonesia: Jacks And Hoists Market 2024

Jacks And Hoists Market Size in Indonesia

The Indonesian jacks and hoists market contracted modestly to $X in 2022, shrinking by X% against the previous year. Overall, consumption saw a abrupt shrinkage. Over the period under review, the market hit record highs at $X in 2013; however, from 2014 to 2022, consumption remained at a lower figure.

Jacks And Hoists Production in Indonesia

In value terms, jacks and hoists production contracted to $X in 2022 estimated in export price. Overall, production saw a abrupt contraction. The pace of growth was the most pronounced in 2018 with an increase of X%. Jacks and hoists production peaked at $X in 2013; however, from 2014 to 2022, production stood at a somewhat lower figure.

Jacks And Hoists Exports

Exports from Indonesia

In 2022, jacks and hoists exports from Indonesia shrank modestly to X units, with a decrease of X% on 2021 figures. Over the period under review, exports continue to indicate a abrupt downturn. The most prominent rate of growth was recorded in 2014 when exports increased by X% against the previous year. As a result, the exports attained the peak of X units. From 2015 to 2022, the growth of the exports remained at a somewhat lower figure.

In value terms, jacks and hoists exports surged to $X in 2022. In general, exports, however, saw a strong increase. The most prominent rate of growth was recorded in 2013 when exports increased by X%. The exports peaked at $X in 2014; however, from 2015 to 2022, the exports remained at a lower figure.

Exports by Country

Singapore (X units), Pakistan (X units) and the United Arab Emirates (X units) were the main destinations of jacks and hoists exports from Indonesia, together accounting for X% of total exports.

From 2012 to 2022, the biggest increases were recorded for Pakistan (with a CAGR of X%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Singapore ($X) remains the key foreign market for jacks and hoists for raising vehicles exports from Indonesia, comprising X% of total exports. The second position in the ranking was held by Pakistan ($X), with a X% share of total exports. It was followed by the United Arab Emirates, with a X% share.

From 2012 to 2022, the average annual growth rate of value to Singapore amounted to X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Pakistan (X% per year) and the United Arab Emirates (X% per year).

Export Prices by Country

The average jacks and hoists export price stood at $X per unit in 2022, jumping by X% against the previous year. In general, the export price enjoyed a resilient increase. The growth pace was the most rapid in 2013 an increase of X% against the previous year. The export price peaked in 2022 and is expected to retain growth in the near future.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Singapore ($X per unit), while the average price for exports to Pakistan ($X 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 Singapore (X%), while the prices for the other major destinations experienced more modest paces of growth.

Jacks And Hoists Imports

Imports into Indonesia

In 2022, purchases abroad of jacks and hoists for raising vehicles increased by X% to X units, rising for the second year in a row after two years of decline. In general, imports, however, continue to indicate a pronounced shrinkage. The pace of growth appeared the most rapid in 2013 with an increase of X%. As a result, imports attained the peak of X units. From 2014 to 2022, the growth of imports failed to regain momentum.

In value terms, jacks and hoists imports rose significantly to $X in 2022. Overall, imports saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2013 when imports increased by X%. As a result, imports reached the peak of $X. From 2014 to 2022, the growth of imports remained at a somewhat lower figure.

Imports by Country

In 2022, China (X units) constituted the largest jacks and hoists supplier to Indonesia, with a X% share of total imports. Moreover, jacks and hoists imports from China exceeded the figures recorded by the second-largest supplier, South Korea (X units), threefold. Thailand (X units) ranked third in terms of total imports with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from China stood at X%. The remaining supplying countries recorded the following average annual rates of imports growth: South Korea (X% per year) and Thailand (X% per year).

In value terms, China ($X), Singapore ($X) and Serbia ($X) were the largest jacks and hoists suppliers to Indonesia, with a combined X% share of total imports. Thailand, South Korea, the United States, Japan, Austria and Malaysia lagged somewhat behind, together comprising a further X%.

Austria, with a CAGR of X%, saw the highest growth rate of the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average jacks and hoists import price stood at $X per unit in 2022, reducing by X% against the previous year. Over the period under review, the import price, however, posted a moderate expansion. The pace of growth was the most pronounced in 2013 an increase of X% against the previous year. As a result, import price reached the peak level of $X per unit. From 2014 to 2022, the average import prices remained at a lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was the United States ($X per unit), while the price for South Korea ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Singapore (X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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