Indonesia: Shaft Coupling Market 2024

Shaft Coupling Market Size in Indonesia

In 2022, the Indonesian shaft coupling market increased by 2.6% to $X, rising for the second year in a row after two years of decline. Over the period under review, the total consumption indicated a modest increase from 2012 to 2022: its value increased at an average annual rate of +1.5% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption increased by +21.9% against 2020 indices. As a result, consumption reached the peak level of $X. From 2019 to 2022, the growth of the market failed to regain momentum.

Shaft Coupling Exports

Exports from Indonesia

Shaft coupling exports from Indonesia skyrocketed to X tons in 2022, with an increase of 51% against 2021 figures. In general, exports, however, recorded a abrupt curtailment. Over the period under review, the exports hit record highs at X tons in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

In value terms, shaft coupling exports surged to $X in 2022. Overall, exports, however, continue to indicate a deep setback. The exports peaked at $X in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

Exports by Country

Malaysia (X tons), Thailand (X tons) and Brazil (X tons) were the main destinations of shaft coupling exports from Indonesia, together comprising 71% of total exports. Singapore, Japan, Australia and India lagged somewhat behind, together accounting for a further 24%.

From 2012 to 2022, the biggest increases were recorded for India (with a CAGR of +67.3%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Malaysia ($X) remains the key foreign market for clutches and shaft couplings exports from Indonesia, comprising 42% of total exports. The second position in the ranking was held by Brazil ($X), with a 16% share of total exports. It was followed by Singapore, with a 9.1% share.

From 2012 to 2022, the average annual growth rate of value to Malaysia amounted to -6.9%. Exports to the other major destinations recorded the following average annual rates of exports growth: Brazil (-16.4% per year) and Singapore (-5.4% per year).

Export Prices by Country

The average shaft coupling export price stood at $X per ton in 2022, with a decrease of -14.6% against the previous year. In general, the export price recorded a abrupt setback. The most prominent rate of growth was recorded in 2013 an increase of 33% against the previous year. As a result, the export price reached the peak level of $X per ton. From 2014 to 2022, the average export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was India ($X per ton), while the average price for exports to Thailand ($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 India (+0.5%), while the prices for the other major destinations experienced a decline.

Shaft Coupling Imports

Imports into Indonesia

In 2022, approx. X tons of clutches and shaft couplings were imported into Indonesia; dropping by -3.6% on the year before. In general, imports, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 when imports increased by 30%. As a result, imports attained the peak of X tons. From 2019 to 2022, the growth of imports failed to regain momentum.

In value terms, shaft coupling imports rose notably to $X in 2022. Over the period under review, imports, however, continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 when imports increased by 41% against the previous year. As a result, imports reached the peak of $X. From 2019 to 2022, the growth of imports remained at a somewhat lower figure.

Imports by Country

In 2022, China (X tons) constituted the largest shaft coupling supplier to Indonesia, accounting for a 59% share of total imports. Moreover, shaft coupling imports from China exceeded the figures recorded by the second-largest supplier, Japan (X tons), sevenfold. The third position in this ranking was taken by Singapore (X tons), with a 6.9% share.

From 2012 to 2022, the average annual growth rate of volume from China totaled +1.3%. The remaining supplying countries recorded the following average annual rates of imports growth: Japan (-0.8% per year) and Singapore (+8.4% per year).

In value terms, China ($X) constituted the largest supplier of clutches and shaft couplings to Indonesia, comprising 31% of total imports. The second position in the ranking was taken by Japan ($X), with a 14% share of total imports. It was followed by Germany, with an 11% share.

From 2012 to 2022, the average annual rate of growth in terms of value from China stood at +1.0%. The remaining supplying countries recorded the following average annual rates of imports growth: Japan (-1.6% per year) and Germany (-0.0% per year).

Import Prices by Country

The average shaft coupling import price stood at $X per ton in 2022, with an increase of 11% against the previous year. Over the period under review, the import price saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2021 an increase of 14%. Over the period under review, average import prices reached the peak figure at $X per ton in 2013; however, from 2014 to 2022, import prices stood at a somewhat lower figure.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Taiwan (Chinese) (+9.1%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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