Indonesia: Magnetic Card Market 2025

Magnetic Card Market Size in Indonesia

The Indonesian magnetic card market skyrocketed to $X in 2021, rising by 48% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). In general, consumption showed a temperate expansion. Magnetic card consumption peaked at $X in 2015; however, from 2016 to 2021, consumption failed to regain momentum.

Magnetic Card Exports

Exports from Indonesia

In 2021, approx. X units of cards incorporating a magnetic stripe were exported from Indonesia; dropping by -77.9% against the previous year's figure. In general, exports showed a deep contraction. The pace of growth appeared the most rapid in 2019 with an increase of 475%. As a result, the exports attained the peak of X units. From 2020 to 2021, the growth of the exports failed to regain momentum.

In value terms, magnetic card exports shrank remarkably to $X in 2021. Overall, exports faced a drastic downturn. The most prominent rate of growth was recorded in 2014 when exports increased by 550% against the previous year. As a result, the exports reached the peak of $X. From 2015 to 2021, the growth of the exports remained at a lower figure.

Exports by Country

The Philippines (X units), Vietnam (X units) and Singapore (X units) were the main destinations of magnetic card exports from Indonesia, together comprising 83% of total exports.

From 2012 to 2021, the biggest increases were recorded for Vietnam (with a CAGR of +202.1%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the Philippines ($X), Vietnam ($X) and Singapore ($X) appeared to be the largest markets for magnetic card exported from Indonesia worldwide, together comprising 84% of total exports.

Vietnam, with a CAGR of +74.0%, saw the highest rates of growth with regard to the value of exports, in terms of the main countries of destination over the period under review, while shipments for the other leaders experienced mixed trend patterns.

Export Prices by Country

The average magnetic card export price stood at $X per unit in 2021, picking up by 38% against the previous year. In general, the export price, however, continues to indicate a abrupt contraction. The pace of growth was the most pronounced in 2018 when the average export price increased by 77%. The export price peaked at $X per unit in 2015; however, from 2016 to 2021, the export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Hong Kong SAR ($X per unit), while the average price for exports to China ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Japan (+4.2%), while the prices for the other major destinations experienced more modest paces of growth.

Magnetic Card Imports

Imports into Indonesia

In 2021, approx. X units of cards incorporating a magnetic stripe were imported into Indonesia; growing by 8.4% on 2020. In general, imports enjoyed notable growth. The pace of growth appeared the most rapid in 2017 when imports increased by 177% against the previous year. As a result, imports attained the peak of X units. From 2018 to 2021, the growth of imports remained at a somewhat lower figure.

In value terms, magnetic card imports expanded rapidly to $X in 2021. Overall, imports recorded a modest expansion. The pace of growth appeared the most rapid in 2014 with an increase of 243%. Imports peaked at $X in 2015; however, from 2016 to 2021, imports failed to regain momentum.

Imports by Country

In 2021, China (X units) constituted the largest magnetic card supplier to Indonesia, accounting for a 49% share of total imports. Moreover, magnetic card imports from China exceeded the figures recorded by the second-largest supplier, Hong Kong SAR (X units), twofold. The third position in this ranking was taken by Vietnam (X units), with a 15% share.

From 2012 to 2021, the average annual growth rate of volume from China totaled +22.3%. The remaining supplying countries recorded the following average annual rates of imports growth: Hong Kong SAR (+33.3% per year) and Vietnam (+89.3% per year).

In value terms, the United States ($X), China ($X) and Hong Kong SAR ($X) were the largest magnetic card suppliers to Indonesia, with a combined 75% share of total imports. These countries were followed by Vietnam, South Korea, Singapore and Malaysia, which together accounted for a further 16%.

Vietnam, with a CAGR of +54.3%, saw the highest growth rate of the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average magnetic card import price stood at $X per unit in 2021, stabilizing at the previous year. Overall, the import price, however, recorded a mild decline. The growth pace was the most rapid in 2014 when the average import price increased by 80% against the previous year. Over the period under review, average import prices attained the maximum at $X per unit in 2015; however, from 2016 to 2021, import prices stood at a somewhat lower figure.

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 the United States ($X per unit), while the price for China ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the United States (+6.0%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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