Indonesia: Metal Treating Machine Market 2022

Metal Treating Machine Market Size in Indonesia

In 2021, the Indonesian metal treating machine market increased by X% to $X, rising for the fifth consecutive year after three years of decline. Over the period under review, consumption recorded a remarkable increase. As a result, consumption attained the peak level and is likely to continue growth in the immediate term.

Metal Treating Machine Exports

Exports from Indonesia

In 2021, after three years of decline, there was significant growth in shipments abroad of machines for treating metal, having individual functions, when their volume increased by X% to X units. Over the period under review, exports showed a strong increase. The exports peaked at X units in 2017; however, from 2018 to 2021, the exports failed to regain momentum.

In value terms, metal treating machine exports surged to $X in 2021. In general, exports posted a remarkable increase. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

Singapore (X units) was the main destination for metal treating machine exports from Indonesia, with a X% share of total exports. Moreover, metal treating machine exports to Singapore exceeded the volume sent to the second major destination, Malaysia (X units), twofold. The third position in this ranking was held by Vietnam (X units), with a X% share.

From 2012 to 2021, the average annual growth rate of volume to Singapore amounted to +X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Malaysia (+X% per year) and Vietnam (+X% per year).

In value terms, Singapore ($X) emerged as the key foreign market for metal treating machine exports from Indonesia, comprising X% of total exports. The second position in the ranking was held by Malaysia ($X), with a X% share of total exports. It was followed by Australia, with a X% share.

From 2012 to 2021, the average annual rate of growth in terms of value to Singapore stood at +X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Malaysia (+X% per year) and Australia (-X% per year).

Export Prices by Country

In 2021, the average metal treating machine export price amounted to $X per unit, growing by X% against the previous year. Overall, the export price continues to indicate a relatively flat trend pattern. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices for the major external markets. In 2021, the country with the highest price was India ($X per unit), while the average price for exports to Vietnam ($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 India (+X%), while the prices for the other major destinations experienced more modest paces of growth.

Metal Treating Machine Imports

Imports into Indonesia

In 2021, overseas purchases of machines for treating metal, having individual functions increased by X% to X units, rising for the fifth year in a row after three years of decline. In general, imports continue to indicate a prominent increase. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, metal treating machine imports rose slightly to $X in 2021. Overall, total imports indicated pronounced growth from 2012 to 2021: its value increased at an average annual rate of +X% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports increased by +X% against 2016 indices. The growth pace was the most rapid in 2013 when imports increased by X%. As a result, imports attained the peak of $X. From 2014 to 2021, the growth of imports remained at a somewhat lower figure.

Imports by Country

Belgium (X units), China (X units) and South Korea (X units) were the main suppliers of metal treating machine imports to Indonesia, with a combined X% share of total imports.

From 2012 to 2021, the biggest increases were in Belgium (with a CAGR of +X%), while purchases for the other leaders experienced mixed trend patterns.

In value terms, Belgium ($X), China ($X) and South Korea ($X) constituted the largest metal treating machine suppliers to Indonesia, with a combined X% share of total imports.

Among the main suppliers, Belgium, with a CAGR of +X%, recorded the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced mixed trend patterns.

Import Prices by Country

In 2021, the average metal treating machine import price amounted to $X per unit, declining by -X% against the previous year. In general, the import price recorded a abrupt decline. The pace of growth appeared the most rapid in 2016 when the average import price increased by X%. Over the period under review, average import prices hit record highs at $X per unit in 2017; however, from 2018 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 South Korea ($X per unit), while the price for Belgium ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by South Korea (+X%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Market Intelligence Platform

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