Indonesia: Market for Pneumatic Linear Acting Actuators 2023

Market Size for Pneumatic Linear Acting Actuators in Indonesia

The Indonesian pneumatic linear acting actuator market rose markedly to $X in 2022, growing by 14% 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, however, showed strong growth. Pneumatic linear acting actuator consumption peaked at $X in 2019; however, from 2020 to 2022, consumption remained at a lower figure.

Exports of Pneumatic Linear Acting Actuators

Exports from Indonesia

In 2022, approx. X units of pneumatic linear acting actuators were exported from Indonesia; dropping by -35.4% against the previous year's figure. Overall, exports continue to indicate a drastic downturn. The most prominent rate of growth was recorded in 2021 with an increase of 839% against the previous year. Over the period under review, the exports attained the peak figure at X units in 2014; however, from 2015 to 2022, the exports stood at a somewhat lower figure.

In value terms, pneumatic linear acting actuator exports reduced remarkably to $X in 2022. In general, exports, however, showed tangible growth. The pace of growth appeared the most rapid in 2021 with an increase of 345%. As a result, the exports attained the peak of $X, and then plummeted in the following year.

Exports by Country

Singapore (X units) was the main destination for pneumatic linear acting actuator exports from Indonesia, with a 44% share of total exports. Moreover, pneumatic linear acting actuator exports to Singapore exceeded the volume sent to the second major destination, Austria (X units), threefold. Myanmar (X units) ranked third in terms of total exports with a 7.3% share.

From 2012 to 2022, the average annual growth rate of volume to Singapore was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: Austria (+69.1% per year) and Myanmar (-14.5% per year).

In value terms, Singapore ($X), Austria ($X) and Timor-Leste ($X) constituted the largest markets for pneumatic linear acting actuator exported from Indonesia worldwide, together accounting for 49% of total exports.

In terms of the main countries of destination, Timor-Leste, with a CAGR of +108.5%, saw the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2022, the average pneumatic linear acting actuator export price amounted to $X per unit, with a decrease of -5.3% against the previous year. Over the period under review, the export price, however, enjoyed prominent growth. The most prominent rate of growth was recorded in 2020 when the average export price increased by 415%. As a result, the export price reached the peak level of $X per unit. From 2021 to 2022, the average export prices failed to regain momentum.

There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was France ($X per unit), while the average price for exports to Nicaragua ($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 Belgium (+113.8%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Pneumatic Linear Acting Actuators

Imports into Indonesia

In 2022, the amount of pneumatic linear acting actuators imported into Indonesia shrank to X units, falling by -1.9% against the previous year's figure. Over the period under review, imports, however, showed a resilient expansion. The pace of growth was the most pronounced in 2014 with an increase of 99% against the previous year. Over the period under review, imports reached the maximum at X units in 2019; however, from 2020 to 2022, imports failed to regain momentum.

In value terms, pneumatic linear acting actuator imports soared to $X in 2022. Overall, imports, however, posted resilient growth. The growth pace was the most rapid in 2014 when imports increased by 66% against the previous year. Over the period under review, imports hit record highs in 2022 and are likely to see gradual growth in years to come.

Imports by Country

In 2022, China (X units) constituted the largest supplier of pneumatic linear acting actuator to Indonesia, accounting for a 69% share of total imports. Moreover, pneumatic linear acting actuator imports from China exceeded the figures recorded by the second-largest supplier, Japan (X units), more than tenfold. Germany (X units) ranked third in terms of total imports with a 5.6% share.

From 2012 to 2022, the average annual growth rate of volume from China totaled +19.2%. The remaining supplying countries recorded the following average annual rates of imports growth: Japan (+12.8% per year) and Germany (-1.9% per year).

In value terms, China ($X) constituted the largest supplier of pneumatic linear acting actuators to Indonesia, comprising 39% of total imports. The second position in the ranking was taken by Japan ($X), with a 13% share of total imports. It was followed by Germany, with a 10% share.

From 2012 to 2022, the average annual rate of growth in terms of value from China stood at +34.1%. The remaining supplying countries recorded the following average annual rates of imports growth: Japan (+17.1% per year) and Germany (-2.8% per year).

Import Prices by Country

In 2022, the average pneumatic linear acting actuator import price amounted to $X per unit, with an increase of 23% against the previous year. Over the period under review, import price indicated a perceptible expansion from 2012 to 2022: its price increased at an average annual rate of +2.6% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, pneumatic linear acting actuator import price increased by +54.5% against 2019 indices. The growth pace was the most rapid in 2020 an increase of 39%. Over the period under review, average import prices reached the peak figure in 2022 and is expected to retain growth in the immediate term.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the United States ($X per unit), while the price for China ($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 United States (+17.8%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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