Indonesia: Concrete Reinforcing Bar Market 2025

Concrete Reinforcing Bar Market Size in Indonesia

The Indonesian concrete reinforcing bar market soared to $X in 2022, rising by 450% 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 saw tangible growth. As a result, consumption reached the peak level and is likely to continue growth in the immediate term.

Concrete Reinforcing Bar Exports

Exports from Indonesia

In 2022, the amount of concrete reinforcing bars exported from Indonesia fell sharply to X tons, dropping by -82.3% against the year before. Over the period under review, exports showed a relatively flat trend pattern. The growth pace was the most rapid in 2017 when exports increased by 147% against the previous year. The exports peaked at X tons in 2019; however, from 2020 to 2022, the exports failed to regain momentum.

In value terms, concrete reinforcing bar exports shrank rapidly to $X in 2022. Overall, exports, however, showed a relatively flat trend pattern. The growth pace was the most rapid in 2017 with an increase of 161%. Over the period under review, the exports attained the maximum at $X in 2019; however, from 2020 to 2022, the exports remained at a lower figure.

Exports by Country

Australia (X tons) was the main destination for concrete reinforcing bar exports from Indonesia, with a 68% share of total exports. Moreover, concrete reinforcing bar exports to Australia exceeded the volume sent to the second major destination, Thailand (X tons), fivefold. Timor-Leste (X tons) ranked third in terms of total exports with a 5.2% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Australia stood at +13.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: Thailand (+25.3% per year) and Timor-Leste (-20.2% per year).

In value terms, Australia ($X) remains the key foreign market for concrete reinforcing bars exports from Indonesia, comprising 69% of total exports. The second position in the ranking was taken by Thailand ($X), with a 15% share of total exports. It was followed by Malaysia, with a 4.3% share.

From 2012 to 2022, the average annual growth rate of value to Australia amounted to +14.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: Thailand (+22.7% per year) and Malaysia (-9.0% per year).

Export Prices by Country

In 2022, the average concrete reinforcing bar export price amounted to $X per ton, surging by 5.7% against the previous year. Overall, export price indicated modest growth from 2012 to 2022: its price increased at an average annual rate of +1.1% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, concrete reinforcing bar export price increased by +54.7% against 2020 indices. The most prominent rate of growth was recorded in 2021 an increase of 46% against the previous year. The export price peaked in 2022 and is expected to retain growth in the near future.

There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Thailand ($X per ton), while the average price for exports to Timor-Leste ($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 Canada (+5.0%), while the prices for the other major destinations experienced mixed trend patterns.

Concrete Reinforcing Bar Imports

Imports into Indonesia

In 2022, supplies from abroad of concrete reinforcing bars increased by 33% to X tons, rising for the second consecutive year after two years of decline. Overall, total imports indicated measured growth from 2012 to 2022: its volume increased at an average annual rate of +4.2% 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 +89.3% against 2020 indices. The most prominent rate of growth was recorded in 2021 with an increase of 42% against the previous year. Over the period under review, imports hit record highs at X tons in 2018; however, from 2019 to 2022, imports stood at a somewhat lower figure.

In value terms, concrete reinforcing bar imports skyrocketed to $X in 2022. In general, total imports indicated slight growth from 2012 to 2022: its value increased at an average annual rate of +1.9% 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 +109.0% against 2020 indices. The pace of growth was the most pronounced in 2021 when imports increased by 64%. Imports peaked at $X in 2018; however, from 2019 to 2022, imports failed to regain momentum.

Imports by Country

In 2022, Japan (X tons) constituted the largest supplier of concrete reinforcing bar to Indonesia, with a 47% share of total imports. Moreover, concrete reinforcing bar imports from Japan exceeded the figures recorded by the second-largest supplier, Singapore (X tons), threefold. China (X tons) ranked third in terms of total imports with a 14% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from Japan stood at +2.0%. The remaining supplying countries recorded the following average annual rates of imports growth: Singapore (+22.0% per year) and China (+1.8% per year).

In value terms, Japan ($X) constituted the largest supplier of concrete reinforcing bars to Indonesia, comprising 54% of total imports. The second position in the ranking was taken by China ($X), with a 14% share of total imports. It was followed by South Korea, with a 12% share.

From 2012 to 2022, the average annual growth rate of value from Japan was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: China (+4.3% per year) and South Korea (+8.0% per year).

Import Prices by Country

In 2022, the average concrete reinforcing bar import price amounted to $X per ton, which is down by -4.3% against the previous year. In general, the import price continues to indicate a pronounced downturn. The most prominent rate of growth was recorded in 2021 when the average import price increased by 15% against the previous year. The import price peaked at $X per ton in 2012; however, from 2013 to 2022, import prices remained at a lower figure.

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 ($X per ton), while the price for Singapore ($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 (+2.5%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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