Indonesia: Working Wire Machine Market 2022

Working Wire Machine Market Size in Indonesia

In 2021, the Indonesian working wire machine market was finally on the rise to reach $X for the first time since 2018, thus ending a two-year declining trend. Over the period under review, consumption, however, continues to indicate a perceptible shrinkage. Working wire machine consumption peaked at $X in 2013; however, from 2014 to 2021, consumption remained at a lower figure.

Working Wire Machine Exports

Exports from Indonesia

In 2021, overseas shipments of machines for working wire decreased by -52.9% to X units, falling for the sixth year in a row after two years of growth. In general, exports showed a sharp reduction. The most prominent rate of growth was recorded in 2014 when exports increased by 375%. Over the period under review, the exports hit record highs at X units in 2012; however, from 2013 to 2021, the exports failed to regain momentum.

In value terms, working wire machine exports dropped remarkably to $X in 2021. Overall, exports recorded a sharp slump. The pace of growth was the most pronounced in 2014 with an increase of 475% against the previous year. The exports peaked at $X in 2012; however, from 2013 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

Taiwan (Chinese) (X units) was the main destination for working wire machine exports from Indonesia, with a approx. 100% share of total exports.

From 2012 to 2021, the average annual rate of growth in terms of volume to Taiwan (Chinese) stood at +18.9%.

In value terms, Taiwan (Chinese) ($X) emerged as the key foreign market for working wire machine exports from Indonesia.

From 2012 to 2021, the average annual growth rate of value to Taiwan (Chinese) totaled +58.2%.

Export Prices by Country

The average working wire machine export price stood at $X per unit in 2021, growing by 17% against the previous year. Overall, the export price recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2014 when the average export price increased by 33% against the previous year. As a result, the export price reached the peak level of $X per unit. From 2015 to 2021, the the average export prices failed to regain momentum.

As there is only one major export destination, the average price level is determined by prices for Taiwan (Chinese).

From 2012 to 2021, the rate of growth in terms of prices for South Korea amounted to +8.4% per year.

Working Wire Machine Imports

Imports into Indonesia

After two years of decline, overseas purchases of machines for working wire increased by 35% to X units in 2021. Overall, imports, however, saw a noticeable downturn. The pace of growth was the most pronounced in 2018 when imports increased by 114%. As a result, imports attained the peak of X units. From 2019 to 2021, the growth of imports remained at a somewhat lower figure.

In value terms, working wire machine imports surged to $X in 2021. Over the period under review, imports, however, recorded a perceptible shrinkage. The most prominent rate of growth was recorded in 2017 when imports increased by 74%. Over the period under review, imports hit record highs at $X in 2013; however, from 2014 to 2021, imports stood at a somewhat lower figure.

Imports by Country

In 2021, China (X units) constituted the largest working wire machine supplier to Indonesia, with a 47% share of total imports. Moreover, working wire machine imports from China exceeded the figures recorded by the second-largest supplier, Singapore (X units), twofold. The third position in this ranking was taken by Japan (X units), with a 12% share.

From 2012 to 2021, the average annual growth rate of volume from China totaled +1.6%. The remaining supplying countries recorded the following average annual rates of imports growth: Singapore (+33.5% per year) and Japan (-10.2% per year).

In value terms, China ($X) constituted the largest supplier of working wire machine to Indonesia, comprising 49% of total imports. The second position in the ranking was held by Singapore ($X), with a 22% share of total imports. It was followed by Japan, with a 13% share.

From 2012 to 2021, the average annual rate of growth in terms of value from China was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: Singapore (+32.1% per year) and Japan (-10.7% per year).

Import Prices by Country

The average working wire machine import price stood at $X per unit in 2021, picking up by 13% against the previous year. In general, the import price, however, recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2017 an increase of 87%. The import price peaked at $X per unit in 2013; however, from 2014 to 2021, import prices remained at a lower figure.

Prices varied noticeably country of origin: the country with the highest price was Italy ($X per unit), while the price for Hong Kong SAR ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Italy (+0.3%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Market Intelligence Platform

Frequently Asked Questions (FAQ) :