Indonesia: Market for Chain Scoops, Sliders, Runners, End Pieces And Narrow Strips 2024

Market Size for Chain Scoops, Sliders, Runners, End Pieces And Narrow Strips in Indonesia

The Indonesian chain scoops and sliders market was finally on the rise to reach $X in 2022, after two years of decline. In general, the total consumption indicated resilient growth from 2012 to 2022: its value increased at an average annual rate of +5.7% 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 -23.9% against 2019 indices. As a result, consumption reached the peak level of $X. From 2017 to 2022, the growth of the market failed to regain momentum.

Production of Chain Scoops, Sliders, Runners, End Pieces And Narrow Strips in Indonesia

In value terms, chain scoops and sliders production shrank modestly to $X in 2022 estimated in export price. Overall, the total production indicated a strong expansion from 2012 to 2022: its value 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, production increased by +4.7% against 2020 indices. The most prominent rate of growth was recorded in 2016 when the production volume increased by 41% against the previous year. Chain scoops and sliders production peaked at $X in 2019; however, from 2020 to 2022, production stood at a somewhat lower figure.

Exports of Chain Scoops, Sliders, Runners, End Pieces And Narrow Strips

Exports from Indonesia

In 2022, approx. X tons of chain scoops, sliders, runners, end pieces and narrow strips were exported from Indonesia; shrinking by -3.9% against the previous year. Overall, total exports indicated buoyant growth from 2012 to 2022: its volume increased at an average annual rate of +5.9% 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 +42.9% against 2020 indices. The growth pace was the most rapid in 2021 with an increase of 49%. As a result, the exports attained the peak of X tons, and then contracted slightly in the following year.

In value terms, chain scoops and sliders exports stood at $X in 2022. Over the period under review, total exports indicated a strong expansion from 2012 to 2022: its value increased at an average annual rate of +6.7% 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 +63.3% against 2020 indices. The growth pace was the most rapid in 2021 with an increase of 52% against the previous year. The exports peaked in 2022 and are likely to see steady growth in years to come.

Exports by Country

Bangladesh (X tons) was the main destination for chain scoops and sliders exports from Indonesia, accounting for a 32% share of total exports. Moreover, chain scoops and sliders exports to Bangladesh exceeded the volume sent to the second major destination, the United States (X tons), fourfold. The third position in this ranking was held by Pakistan (X tons), with a 7.3% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Bangladesh stood at +24.3%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United States (+2.2% per year) and Pakistan (+22.5% per year).

In value terms, Bangladesh ($X) remains the key foreign market for chain scoops, sliders, runners, end pieces and narrow strips exports from Indonesia, comprising 32% of total exports. The second position in the ranking was taken by China ($X), with a 10% share of total exports. It was followed by Pakistan, with a 9.1% share.

From 2012 to 2022, the average annual rate of growth in terms of value to Bangladesh stood at +22.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: China (+10.8% per year) and Pakistan (+20.2% per year).

Export Prices by Country

In 2022, the average chain scoops and sliders export price amounted to $X per ton, with an increase of 12% against the previous year. In general, the export price recorded a relatively flat trend pattern. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to China (+10.2%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Chain Scoops, Sliders, Runners, End Pieces And Narrow Strips

Imports into Indonesia

In 2022, the amount of chain scoops, sliders, runners, end pieces and narrow strips imported into Indonesia soared to X tons, surging by 16% compared with the previous year. Overall, total imports indicated a buoyant expansion from 2012 to 2022: its volume increased at an average annual rate of +7.3% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +72.9% against 2020 indices. The pace of growth was the most pronounced in 2021 when imports increased by 49% against the previous year. Imports peaked in 2022 and are likely to see gradual growth in years to come.

In value terms, chain scoops and sliders imports soared to $X in 2022. In general, imports saw a strong increase. The most prominent rate of growth was recorded in 2021 when imports increased by 63%. Over the period under review, imports hit record highs in 2022 and are likely to see steady growth in the immediate term.

Imports by Country

In 2022, China (X tons) constituted the largest chain scoops and sliders supplier to Indonesia, accounting for a 67% share of total imports. Moreover, chain scoops and sliders imports from China exceeded the figures recorded by the second-largest supplier, Taiwan (Chinese) (X tons), sevenfold. The third position in this ranking was taken by Hong Kong SAR (X tons), with an 8.9% share.

From 2012 to 2022, the average annual growth rate of volume from China stood at +8.3%. The remaining supplying countries recorded the following average annual rates of imports growth: Taiwan (Chinese) (+6.6% per year) and Hong Kong SAR (+4.0% per year).

In value terms, China ($X) constituted the largest supplier of chain scoops, sliders, runners, end pieces and narrow strips to Indonesia, comprising 43% of total imports. The second position in the ranking was taken by Taiwan (Chinese) ($X), with an 18% share of total imports. It was followed by Japan, with a 15% share.

From 2012 to 2022, the average annual rate of growth in terms of value from China stood at +19.1%. The remaining supplying countries recorded the following average annual rates of imports growth: Taiwan (Chinese) (+14.4% per year) and Japan (+4.6% per year).

Import Prices by Country

In 2022, the average chain scoops and sliders import price amounted to $X per ton, with an increase of 12% against the previous year. Overall, import price indicated a temperate expansion from 2012 to 2022: its price increased at an average annual rate of +4.7% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, chain scoops and sliders import price increased by +60.0% against 2016 indices. The most prominent rate of growth was recorded in 2017 when the average import price increased by 13%. The import price peaked in 2022 and is likely to see steady growth in the immediate term.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Japan ($X per ton), while the price for China ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+9.9%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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