Indonesia: Market for Hot-Rolled Steel Bars and Rods 2025

Market Size for Hot-Rolled Steel Bars and Rods in Indonesia

In 2021, the Indonesian market for hot-rolled steel bars and rods decreased by -2.3% to $X, falling for the third year in a row after two years of growth. In general, consumption saw a deep setback. Over the period under review, the market attained the maximum level at $X in 2012; however, from 2013 to 2021, consumption remained at a lower figure.

Production of Hot-Rolled Steel Bars and Rods in Indonesia

In value terms, hot-rolled steel bar and rod production rose remarkably to $X in 2021 estimated in export price. Overall, production, however, showed a abrupt decrease. The most prominent rate of growth was recorded in 2018 with an increase of 17%. Hot-rolled steel bar and rod production peaked at $X in 2012; however, from 2013 to 2021, production stood at a somewhat lower figure.

Exports of Hot-Rolled Steel Bars and Rods

Exports from Indonesia

In 2021, the amount of hot-rolled steel bars and rods exported from Indonesia skyrocketed to X tons, with an increase of 87% compared with 2020. In general, exports showed significant growth. The most prominent rate of growth was recorded in 2020 when exports increased by 182% against the previous year. The exports peaked in 2021 and are likely to see gradual growth in the immediate term.

In value terms, hot-rolled steel bar and rod exports surged to $X in 2021. Overall, exports continue to indicate significant growth. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

The Philippines (X tons), South Korea (X tons) and Australia (X tons) were the main destinations of hot-rolled steel bar and rod exports from Indonesia, with a combined 47% share of total exports. Malaysia, China, Kenya, Thailand, Japan, Taiwan (Chinese), Singapore, Myanmar, Belgium and Bangladesh lagged somewhat behind, together accounting for a further 49%.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Kenya (with a CAGR of +73,608.4%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for hot-rolled steel bar and rod exported from Indonesia were the Philippines ($X), South Korea ($X) and Australia ($X), together accounting for 47% of total exports. These countries were followed by Malaysia, China, Japan, Thailand, Taiwan (Chinese), Kenya, Singapore, Belgium, Bangladesh and Myanmar, which together accounted for a further 49%.

In terms of the main countries of destination, Kenya, with a CAGR of +95,579.0%, recorded 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

The average export price for hot-rolled steel bars and rods stood at $X per ton in 2021, rising by 43% against the previous year. In general, the export price, however, saw a perceptible reduction. Over the period under review, the average export prices attained the maximum at $X per ton in 2012; however, from 2013 to 2021, the export prices failed to regain momentum.

Average prices varied somewhat for the major external markets. In 2021, amid the top suppliers, the countries with the highest prices were Japan ($X per ton) and Australia ($X per ton), while the average price for exports to Myanmar ($X per ton) and Kenya ($X per ton) were amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Kenya (+29.9%), while the prices for the other major destinations experienced mixed trend patterns.

Imports of Hot-Rolled Steel Bars and Rods

Imports into Indonesia

In 2021, supplies from abroad of hot-rolled steel bars and rods was finally on the rise to reach X tons after two years of decline. In general, imports, however, saw a relatively flat trend pattern. The growth pace was the most rapid in 2013 with an increase of 29%. Over the period under review, imports attained the maximum at X tons in 2016; however, from 2017 to 2021, imports failed to regain momentum.

In value terms, hot-rolled steel bar and rod imports surged to $X in 2021. Over the period under review, imports showed a relatively flat trend pattern. Over the period under review, imports reached the maximum at $X in 2018; however, from 2019 to 2021, imports stood at a somewhat lower figure.

Imports by Country

In 2021, China (X tons) constituted the largest hot-rolled steel bar and rod supplier to Indonesia, accounting for a 52% share of total imports. Moreover, hot-rolled steel bar and rod imports from China exceeded the figures recorded by the second-largest supplier, Japan (X tons), twofold. The third position in this ranking was taken by South Korea (X tons), with a 9.3% share.

From 2012 to 2021, the average annual growth rate of volume from China was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: Japan (+3.1% per year) and South Korea (+9.6% per year).

In value terms, the largest hot-rolled steel bar and rod suppliers to Indonesia were China ($X), Japan ($X) and South Korea ($X), together accounting for 87% of total imports.

Among the main suppliers, South Korea, with a CAGR of +6.7%, saw the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average import price for hot-rolled steel bars and rods stood at $X per ton in 2021, growing by 41% against the previous year. In general, the import price saw a relatively flat trend pattern. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

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 Taiwan (Chinese) ($X per ton), while the price for Malaysia ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by China (+2.7%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :