Indonesia: Iron Angle Market 2024

Iron Angle Market Size in Indonesia

In 2021, the Indonesian iron angle market decreased by -1.8% to $X, falling for the second consecutive year after three years of growth. Over the period under review, consumption recorded a mild contraction. Over the period under review, the market reached the maximum level at $X in 2012; however, from 2013 to 2021, consumption stood at a somewhat lower figure.

Iron Angle Production in Indonesia

In value terms, iron angle production reached $X in 2021 estimated in export price. In general, production showed a slight reduction. The most prominent rate of growth was recorded in 2017 when the production volume increased by 28%. Over the period under review, production reached the peak level at $X in 2012; however, from 2013 to 2021, production stood at a somewhat lower figure.

Iron Angle Exports

Exports from Indonesia

In 2021, the amount of angles, shapes and sections (of iron or non-alloy steel) exported from Indonesia reduced to X tons, falling by -13.5% compared with 2020. Over the period under review, exports recorded a deep downturn. The pace of growth appeared the most rapid in 2020 with an increase of 122% against the previous year. The exports peaked at X tons in 2013; however, from 2014 to 2021, the exports stood at a somewhat lower figure.

In value terms, iron angle exports expanded notably to $X in 2021. Overall, exports faced a drastic downturn. The pace of growth appeared the most rapid in 2017 with an increase of 92%. The exports peaked at $X in 2013; however, from 2014 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

Singapore (X tons), Sri Lanka (X tons) and Malaysia (X tons) were the main destinations of iron angle exports from Indonesia, together comprising 87% of total exports. These countries were followed by Timor-Leste, Hong Kong SAR, Australia, Qatar and Thailand, which together accounted for a further 10%.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Hong Kong SAR (with a CAGR of +45.1%), while the other leaders experienced a decline.

In value terms, the largest markets for iron angle exported from Indonesia were Singapore ($X), Malaysia ($X) and Sri Lanka ($X), together accounting for 65% of total exports. Timor-Leste, Hong Kong SAR, Australia, Qatar and Thailand lagged somewhat behind, together accounting for a further 11%.

Hong Kong SAR, with a CAGR of +61.1%, saw the highest growth rate of the value of exports, among the main countries of destination over the period under review, while shipments for the other leaders experienced a decline.

Export Prices by Country

The average iron angle export price stood at $X per ton in 2021, increasing by 27% against the previous year. Over the period under review, the export price, however, recorded a relatively flat trend pattern. The export price peaked at $X per ton in 2012; however, from 2013 to 2021, the export prices failed to regain momentum.

There were significant differences in the average prices for the major overseas markets. In 2021, amid the top suppliers, the country with the highest price was Thailand ($X per ton), while the average price for exports to Sri Lanka ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Hong Kong SAR (+11.0%), while the prices for the other major destinations experienced more modest paces of growth.

Iron Angle Imports

Imports into Indonesia

In 2021, overseas purchases of angles, shapes and sections (of iron or non-alloy steel) decreased by -26.4% to X tons, falling for the second year in a row after two years of growth. Over the period under review, imports showed a perceptible shrinkage. The most prominent rate of growth was recorded in 2015 when imports increased by 83%. Over the period under review, imports attained the maximum at X tons in 2019; however, from 2020 to 2021, imports failed to regain momentum.

In value terms, iron angle imports dropped to $X in 2021. Overall, imports recorded a pronounced shrinkage. The growth pace was the most rapid in 2018 when imports increased by 118% against the previous year. Imports peaked at $X in 2012; however, from 2013 to 2021, imports remained at a lower figure.

Imports by Country

China (X tons), Thailand (X tons) and Singapore (X tons) were the main suppliers of iron angle imports to Indonesia, together comprising 85% of total imports.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Thailand (with a CAGR of +27.2%), while imports for the other leaders experienced mixed trend patterns.

In value terms, the largest iron angle suppliers to Indonesia were China ($X), Thailand ($X) and Singapore ($X), together accounting for 80% of total imports.

In terms of the main suppliers, Thailand, with a CAGR of +23.7%, 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

The average iron angle import price stood at $X per ton in 2021, rising by 34% against the previous year. Over the period under review, the import price, however, saw a relatively flat trend pattern. Over the period under review, average import prices hit record highs at $X per ton in 2012; however, from 2013 to 2021, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major supplying countries. In 2021, amid the top importers, the country with the highest price was Luxembourg ($X per ton), while the price for Thailand ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Luxembourg (+3.9%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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