Indonesia: Market for Tyres For Agriculture, Forestry, Construction, Industry And Other Off The Road Vehicles 2024

Market Size for Tyres For Agriculture, Forestry, Construction, Industry And Other Off The Road Vehicles in Indonesia

The Indonesian market for tyres for agriculture, forestry, construction, industry and other off the road vehicles expanded rapidly to $X in 2022, increasing by X% against the previous year. In general, consumption, however, saw a perceptible slump. Consumption of peaked at $X in 2013; however, from 2014 to 2022, consumption remained at a lower figure.

Production of Tyres For Agriculture, Forestry, Construction, Industry And Other Off The Road Vehicles in Indonesia

In value terms, production of tyres for agriculture, forestry, construction, industry and other off the road vehicles stood at $X in 2022 estimated in export price. Over the period under review, production, however, continues to indicate a perceptible descent. The most prominent rate of growth was recorded in 2013 when the production volume increased by X%. As a result, production attained the peak level of $X. From 2014 to 2022, production of growth remained at a somewhat lower figure.

Exports of Tyres For Agriculture, Forestry, Construction, Industry And Other Off The Road Vehicles

Exports from Indonesia

In 2022, approx. X units of tyres for agriculture, forestry, construction, industry and other off the road vehicles were exported from Indonesia; surging by X% on 2021 figures. In general, total exports indicated prominent growth from 2012 to 2022: its volume increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by X% against 2020 indices. The growth pace was the most rapid in 2013 with an increase of X%. The exports peaked in 2022 and are expected to retain growth in the near future.

In value terms, exports of tyres for agriculture, forestry, construction, industry and other off the road vehicles dropped to $X in 2022. Over the period under review, exports, however, continue to indicate a perceptible decrease. The most prominent rate of growth was recorded in 2021 with an increase of X%. The exports peaked at $X in 2014; however, from 2015 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Japan (X units) was the main destination for exports of tyres for agriculture, forestry, construction, industry and other off the road vehicles from Indonesia, with a X% share of total exports. Moreover, exports of tyres for agriculture, forestry, construction, industry and other off the road vehicles to Japan exceeded the volume sent to the second major destination, Germany (X units), threefold. The United States (X units) ranked third in terms of total exports with an X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Japan stood at X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Germany (X% per year) and the United States (X% per year).

In value terms, Japan ($X) remains the key foreign market for tyres for agriculture, forestry, construction, industry and other off the road vehicles exports from Indonesia, comprising X% of total exports. The second position in the ranking was taken by Germany ($X), with a X% share of total exports. It was followed by the United States, with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of value to Japan totaled X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Germany (X% per year) and the United States (X% per year).

Export Prices by Country

The average export price for tyres for agriculture, forestry, construction, industry and other off the road vehicles stood at $X per unit in 2022, falling by X% against the previous year. In general, the export price saw a deep contraction. The pace of growth was the most pronounced in 2020 an increase of X%. The export price peaked at $X per unit in 2012; however, from 2013 to 2022, the export prices failed to regain momentum.

There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Germany ($X per unit), while the average price for exports to Belgium ($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 Brazil (X%), while the prices for the other major destinations experienced a decline.

Imports of Tyres For Agriculture, Forestry, Construction, Industry And Other Off The Road Vehicles

Imports into Indonesia

Imports of tyres for agriculture, forestry, construction, industry and other off the road vehicles into Indonesia surged to X units in 2022, picking up by X% on 2021 figures. Overall, imports, however, showed a noticeable descent. Imports peaked at X units in 2012; however, from 2013 to 2022, imports remained at a lower figure.

In value terms, imports of tyres for agriculture, forestry, construction, industry and other off the road vehicles skyrocketed to $X in 2022. In general, imports, however, saw a slight curtailment. Imports peaked at $X in 2012; however, from 2013 to 2022, imports remained at a lower figure.

Imports by Country

In 2022, Japan (X units) constituted the largest agricultural, construction and industrial machinery tyre supplier to Indonesia, accounting for a X% share of total imports. Moreover, imports of tyres for agriculture, forestry, construction, industry and other off the road vehicles from Japan exceeded the figures recorded by the second-largest supplier, Brazil (X units), more than tenfold. India (X units) ranked third in terms of total imports with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from Japan totaled X%. The remaining supplying countries recorded the following average annual rates of imports growth: Brazil (X% per year) and India (X% per year).

In value terms, Japan ($X) constituted the largest supplier of tyres for agriculture, forestry, construction, industry and other off the road vehicles to Indonesia, comprising X% of total imports. The second position in the ranking was held by China ($X), with an X% share of total imports. It was followed by Brazil, with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of value from Japan was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: China (X% per year) and Brazil (X% per year).

Import Prices by Country

The average import price for tyres for agriculture, forestry, construction, industry and other off the road vehicles stood at $X per unit in 2022, falling by X% against the previous year. Over the period under review, the import price, however, continues to indicate a tangible increase. The pace of growth was the most pronounced in 2013 when the average import price increased by X%. The import price peaked at $X per unit in 2018; however, from 2019 to 2022, import prices failed to regain momentum.

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

Source: IndexBox Platform

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