Report Update Nov 1, 2024

Indonesia - Articles of Iron or Steel - Market Analysis, Forecast, Size, Trends and Insights

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Indonesia: Market for Articles Of Iron Or Steel 2024

Market Size for Articles Of Iron Or Steel in Indonesia

The Indonesian steel and iron articles market shrank slightly to $X in 2022, leveling off at the previous year. Overall, the total consumption indicated a remarkable increase from 2012 to 2022: its value increased at an average annual rate of +7.0% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption decreased by +0.7% against 2020 indices. Steel and iron articles consumption peaked at $X in 2017; however, from 2018 to 2022, consumption remained at a lower figure.

Production of Articles Of Iron Or Steel in Indonesia

In value terms, steel and iron articles production totaled $X in 2022 estimated in export price. Over the period under review, the total production indicated a strong expansion from 2012 to 2022: its value increased at an average annual rate of +7.2% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production increased by +2.3% against 2019 indices. The pace of growth appeared the most rapid in 2013 with an increase of 94% against the previous year. Over the period under review, production reached the peak level at $X in 2017; however, from 2018 to 2022, production remained at a lower figure.

Exports of Articles Of Iron Or Steel

Exports from Indonesia

In 2022, the amount of articles of iron or steel exported from Indonesia surged to X tons, with an increase of 42% on the previous year. Overall, exports, however, showed a drastic downturn. The pace of growth appeared the most rapid in 2014 with an increase of 110% against the previous year. As a result, the exports attained the peak of X tons. From 2015 to 2022, the growth of the exports remained at a somewhat lower figure.

In value terms, steel and iron articles exports skyrocketed to $X in 2022. In general, exports, however, saw a abrupt decrease. The pace of growth appeared the most rapid in 2014 with an increase of 67% against the previous year. As a result, the exports attained the peak of $X. From 2015 to 2022, the growth of the exports failed to regain momentum.

Exports by Country

Myanmar (X tons) was the main destination for steel and iron articles exports from Indonesia, with a approx. 100% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of volume to Myanmar totaled +210.6%.

In value terms, Myanmar ($X) emerged as the key foreign market for articles of iron or steel exports from Indonesia.

From 2012 to 2022, the average annual growth rate of value to Myanmar amounted to +184.5%.

Export Prices by Country

The average steel and iron articles export price stood at $X per ton in 2022, rising by 2.7% against the previous year. In general, export price indicated a strong increase from 2012 to 2022: its price increased at an average annual rate of +5.0% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, steel and iron articles export price increased by +4.8% against 2018 indices. The pace of growth was the most pronounced in 2018 an increase of 44%. Over the period under review, the average export prices attained the maximum in 2022 and is expected to retain growth in years to come.

As there is only one major export destination, the average price level is determined by prices for Myanmar.

From 2012 to 2022, the rate of growth in terms of prices for Australia amounted to +20.2% per year.

Imports of Articles Of Iron Or Steel

Imports into Indonesia

In 2022, steel and iron articles imports into Indonesia soared to X tons, picking up by 19% compared with the previous year's figure. Over the period under review, imports, however, recorded a noticeable slump. The most prominent rate of growth was recorded in 2018 when imports increased by 72%. Over the period under review, imports attained the maximum at X tons in 2013; however, from 2014 to 2022, imports remained at a lower figure.

In value terms, steel and iron articles imports skyrocketed to $X in 2022. Overall, imports, however, continue to indicate a slight shrinkage. The growth pace was the most rapid in 2018 with an increase of 44%. Imports peaked at $X in 2013; however, from 2014 to 2022, imports remained at a lower figure.

Imports by Country

In 2022, Myanmar (X tons) was the main steel and iron articles supplier to Indonesia, accounting for a approx. 100% share of total imports.

From 2012 to 2022, the average annual rate of growth in terms of volume from Myanmar was relatively modest.

In value terms, Myanmar ($X) constituted the largest supplier of articles of iron or steel to Indonesia.

From 2012 to 2022, the average annual rate of growth in terms of value from Myanmar was relatively modest.

Import Prices by Country

The average steel and iron articles import price stood at $X per ton in 2022, surging by 19% against the previous year. Over the period under review, the import price showed a relatively flat trend pattern. The import price peaked at $X per ton in 2013; however, from 2014 to 2022, import prices failed to regain momentum.

As there is only one major supplying country, the average price level is determined by prices for Myanmar.

From 2012 to 2022, the rate of growth in terms of prices for Malaysia amounted to +12.8% per year.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for articles of iron or steel in the world?

China constituted the country with the largest volume of steel and iron articles consumption, comprising approx. 31% of total volume. Moreover, steel and iron articles consumption in China exceeded the figures recorded by the second-largest consumer, India, threefold. The third position in this ranking was occupied by the United States, with a 7.1% share.

What are the largest producers of articles of iron or steel in the world?

China remains the largest steel and iron articles producing country worldwide, accounting for 37% of total volume. Moreover, steel and iron articles production in China exceeded the figures recorded by the second-largest producer, India, threefold. The third position in this ranking was occupied by the United States, with a 5.3% share.

What are the leading suppliers of articles of iron or steel to Indonesia?

In value terms, China, Japan and Singapore were the largest steel and iron articles suppliers to Indonesia, together comprising 59% of total imports. These countries were followed by Thailand, South Korea, India and Malaysia, which together accounted for a further 18%.

What are the leading importers of articles of iron or steel from Indonesia?

In value terms, the largest markets for steel and iron articles exported from Indonesia were Singapore, Thailand and Japan, with a combined 55% share of total exports. South Korea, Malaysia, Taiwan Chinese), China, Vietnam and Timor-Leste lagged somewhat behind, together accounting for a further 21%.

What is the average export price for articles of iron or steel in Indonesia?

The average steel and iron articles export price stood at $3,361 per ton in 2021, dropping by -9% against the previous year.

What is the average import price for articles of iron or steel in Indonesia?

The average steel and iron articles import price stood at $3,321 per ton in 2021, with a decrease of -8.1% against the previous year.

This report provides an in-depth analysis of the market for steel and iron articles in Indonesia. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.

Product coverage:

Prodcom 25992945 - Articles of iron or steel, n.e.s.
Prodcom 25992931 - Iron or steel ladders and steps (excluding forged or stamped)
Prodcom 25992933 - Iron or steel pallets and similar platforms for handling goods
Prodcom 25992935 - Iron or steel reels for cables, piping and the like
Prodcom 25992937 - Iron or steel non-mechanical ventilators, guttering, hooks and similar articles used in the building industry (excluding forged or stamped)

Country coverage:

Indonesia

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in Indonesia
Export and import prices
Market trends, drivers and restraints
Key market players and their profiles

Reasons to buy this report:

Take advantage of the latest data
Find deeper insights into current market developments
Discover vital success factors affecting the market

This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:

How to diversify your business and benefit from new market opportunities
How to load your idle production capacity
How to boost your sales on overseas markets
How to increase your profit margins
How to make your supply chain more sustainable
How to reduce your production and supply chain costs
How to outsource production to other countries
How to prepare your business for global expansion

While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.

1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business
1. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects
1. MARKET SIZE
2. MARKET STRUCTURE
3. TRADE BALANCE
4. PER CAPITA CONSUMPTION
5. MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. TOP EXPORTING COUNTRIES
4. LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2023
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO
LIST OF TABLES
1. Key Findings In 2023
2. Market Volume, In Physical Terms, 2012–2023
3. Market Value, 2012–2023
4. Per Capita Consumption In 2012-2023
5. Imports, In Physical Terms, By Country, 2012–2023
6. Imports, In Value Terms, By Country, 2012–2023
7. Import Prices, By Country Of Origin, 2012–2023
8. Exports, In Physical Terms, By Country, 2012–2023
9. Exports, In Value Terms, By Country, 2012–2023
10. Export Prices, By Country Of Destination, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
5. Trade Balance, In Physical Terms, 2012-2023
6. Trade Balance, In Value Terms, 2012-2023
7. Per Capita Consumption, 2012-2023
8. Market Volume Forecast to 2030
9. Market Value Forecast to 2030
10. Products: Market Size And Growth, By Type
11. Products: Average Per Capita Consumption, By Type
12. Products: Exports And Growth, By Type
13. Products: Export Prices And Growth, By Type
14. Production Volume And Growth
15. Exports And Growth
16. Export Prices And Growth
17. Market Size And Growth
18. Per Capita Consumption
19. Imports And Growth
20. Import Prices
21. Production, In Physical Terms, 2012–2023
22. Production, In Value Terms, 2012–2023
23. Imports, In Physical Terms, 2012–2023
24. Imports, In Value Terms, 2012–2023
25. Imports, In Physical Terms, By Country, 2023
26. Imports, In Physical Terms, By Country, 2012–2023
27. Imports, In Value Terms, By Country, 2012–2023
28. Import Prices, By Country Of Origin, 2012–2023
29. Exports, In Physical Terms, 2012–2023
30. Exports, In Value Terms, 2012–2023
31. Exports, In Physical Terms, By Country, 2023
32. Exports, In Physical Terms, By Country, 2012–2023
33. Exports, In Value Terms, By Country, 2012–2023
34. Export Prices, By Country Of Destination, 2012–2023