Indonesia: Iron Household Articles Market 2024

Iron Household Articles Market Size in Indonesia

The Indonesian iron household articles market fell to $X in 2022, dropping by X% against the previous year. Overall, consumption enjoyed a remarkable increase. Iron household articles consumption peaked at $X in 2017; however, from 2018 to 2022, consumption failed to regain momentum.

Iron Household Articles Production in Indonesia

In value terms, iron household articles production declined to $X in 2022 estimated in export price. In general, production, however, continues to indicate a buoyant expansion. The pace of growth appeared the most rapid in 2016 with an increase of X%. Iron household articles production peaked at $X in 2017; however, from 2018 to 2022, production failed to regain momentum.

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Iron Household Articles Exports

Exports from Indonesia

After two years of growth, overseas shipments of table, kitchen or household articles and parts of iron decreased by X% to X tons in 2022. In general, exports saw a abrupt decline. The pace of growth appeared the most rapid in 2020 when exports increased by X%. Over the period under review, the exports reached the maximum at X tons in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

In value terms, iron household articles exports dropped markedly to $X in 2022. Over the period under review, exports saw a deep setback. The most prominent rate of growth was recorded in 2020 when exports increased by X% against the previous year. The exports peaked at $X in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

The United States (X tons) was the main destination for iron household articles exports from Indonesia, with a X% share of total exports. Moreover, iron household articles exports to the United States exceeded the volume sent to the second major destination, Malaysia (X tons), tenfold. Timor-Leste (X tons) ranked third in terms of total exports with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to the United States amounted to X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Malaysia (X% per year) and Timor-Leste (X% per year).

In value terms, the United States ($X) remains the key foreign market for table, kitchen or household articles and parts of iron exports from Indonesia, comprising X% of total exports. The second position in the ranking was held by Malaysia ($X), with a X% share of total exports. It was followed by Sri Lanka, with a X% share.

From 2012 to 2022, the average annual growth rate of value to the United States amounted to X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Malaysia (X% per year) and Sri Lanka (X% per year).

Export Prices by Country

In 2022, the average iron household articles export price amounted to $X per ton, with an increase of X% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of X%. The growth pace was the most rapid in 2021 when the average export price increased by X%. The export price peaked at $X per ton in 2019; however, from 2020 to 2022, the export prices failed to regain momentum.

There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was New Zealand ($X per ton), while the average price for exports to Timor-Leste ($X per ton) was amongst the lowest.

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

Iron Household Articles Imports

Imports into Indonesia

In 2022, overseas purchases of table, kitchen or household articles and parts of iron increased by X% to X tons, rising for the fifth year in a row after two years of decline. Over the period under review, imports continue to indicate buoyant growth. The most prominent rate of growth was recorded in 2018 with an increase of X% against the previous year. Imports peaked in 2022 and are likely to see steady growth in the near future.

In value terms, iron household articles imports expanded notably to $X in 2022. Overall, imports recorded temperate growth. The most prominent rate of growth was recorded in 2018 with an increase of X%. Over the period under review, imports reached the peak figure in 2022 and are expected to retain growth in the near future.

Imports by Country

In 2022, China (X tons) was the main iron household articles supplier to Indonesia, with a X% share of total imports. Moreover, iron household articles imports from China exceeded the figures recorded by the second-largest supplier, Malaysia (X tons), more than tenfold.

From 2012 to 2022, the average annual rate of growth in terms of volume from China totaled X%.

In value terms, China ($X) constituted the largest supplier of table, kitchen or household articles and parts of iron to Indonesia, comprising X% of total imports. The second position in the ranking was held by Malaysia ($X), with a X% share of total imports.

From 2012 to 2022, the average annual growth rate of value from China amounted to X%.

Import Prices by Country

The average iron household articles import price stood at $X per ton in 2022, dropping by X% against the previous year. Overall, the import price continues to indicate a pronounced descent. The pace of growth was the most pronounced in 2017 an increase of X%. The import price peaked at $X per ton in 2018; however, from 2019 to 2022, import prices stood at a somewhat lower figure.

Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Malaysia ($X per ton), while the price for China totaled $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Malaysia (X%).

Source: IndexBox Platform

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