Indonesia: Lifting Equipment Market 2024

Lifting Equipment Market Size in Indonesia

The Indonesian lifting equipment market rose to $X in 2022, surging by X% against the previous year. Over the period under review, consumption, however, saw a slight decrease. The pace of growth appeared the most rapid in 2019 when the market value increased by X%. Lifting equipment consumption peaked at $X in 2012; however, from 2013 to 2022, consumption failed to regain momentum.

Lifting Equipment Production in Indonesia

In value terms, lifting equipment production declined modestly to $X in 2022 estimated in export price. Over the period under review, production continues to indicate a pronounced contraction. The pace of growth was the most pronounced in 2019 when the production volume increased by X% against the previous year. Over the period under review, production attained the maximum level at $X in 2012; however, from 2013 to 2022, production remained at a lower figure.

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Lifting Equipment Exports

Exports from Indonesia

In 2022, shipments abroad of lifting equipment decreased by X% to X units for the first time since 2018, thus ending a three-year rising trend. Overall, exports showed a abrupt descent. The most prominent rate of growth was recorded in 2017 with an increase of X%. The exports peaked at X units in 2013; however, from 2014 to 2022, the exports stood at a somewhat lower figure.

In value terms, lifting equipment exports fell sharply to $X in 2022. In general, exports showed a abrupt decline. The growth pace was the most rapid in 2017 with an increase of X%. The exports peaked at $X in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

Exports by Country

China (X units) was the main destination for lifting equipment exports from Indonesia, accounting for a X% share of total exports. Moreover, lifting equipment exports to China exceeded the volume sent to the second major destination, Singapore (X units), fourfold. The third position in this ranking was taken by Bangladesh (X units), with an X% share.

From 2012 to 2022, the average annual growth rate of volume to China stood at X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Singapore (X% per year) and Bangladesh (X% per year).

In value terms, China ($X) emerged as the key foreign market for lifting equipment exports from Indonesia, comprising X% of total exports. The second position in the ranking was taken by Singapore ($X), with a X% share of total exports. It was followed by Bangladesh, with an X% share.

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

Export Prices by Country

In 2022, the average lifting equipment export price amounted to $X per unit, picking up by X% against the previous year. Over the period under review, the export price, however, saw a slight shrinkage. The pace of growth appeared the most rapid in 2014 an increase of X% against the previous year. As a result, the export price attained the peak level of $X per unit. From 2015 to 2022, the average export prices remained at a somewhat lower figure.

Average prices varied noticeably for the major export markets. In 2022, amid the top suppliers, the highest price was recorded for prices to Venezuela ($X per unit) and Bangladesh ($X per unit), while the average price for exports to Myanmar ($X per unit) and Vietnam ($X per unit) were amongst the lowest.

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

Lifting Equipment Imports

Imports into Indonesia

In 2022, purchases abroad of lifting equipment was finally on the rise to reach X units for the first time since 2018, thus ending a three-year declining trend. In general, imports posted a mild expansion. Imports peaked at X units in 2018; however, from 2019 to 2022, imports remained at a lower figure.

In value terms, lifting equipment imports skyrocketed to $X in 2022. Overall, imports saw a relatively flat trend pattern. Over the period under review, imports attained the peak figure at $X in 2018; however, from 2019 to 2022, imports failed to regain momentum.

Imports by Country

China (X units), Japan (X units) and Spain (X units) were the main suppliers of lifting equipment imports to Indonesia, with a combined X% share of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Spain (with a CAGR of X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Japan ($X), China ($X) and Spain ($X) constituted the largest lifting equipment suppliers to Indonesia, with a combined X% share of total imports. The UK, Italy, Singapore, Austria and South Korea lagged somewhat behind, together comprising a further X%.

The UK, with a CAGR of X%, saw the highest rates of growth with regard to 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

In 2022, the average lifting equipment import price amounted to $X per unit, reducing by X% against the previous year. In general, the import price saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2016 an increase of X% against the previous year. As a result, import price attained the peak level of $X per unit. From 2017 to 2022, the average import prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top importers, 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 2022, the most notable rate of growth in terms of prices was attained by the UK (X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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