Indonesia: Market for Conveyor Or Transmission Belts Or Belting 2024

Market Size for Conveyor Or Transmission Belts Or Belting in Indonesia

The Indonesian conveyor or transmission belt market surged to $X in 2021, with an increase of 21% against the previous year. In general, the total consumption indicated a measured increase from 2012 to 2021: its value increased at an average annual rate of +4.4% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption decreased by -11.8% against 2019 indices. Conveyor or transmission belt consumption peaked at $X in 2019; however, from 2020 to 2021, consumption remained at a lower figure.

Production of Conveyor Or Transmission Belts Or Belting in Indonesia

In value terms, conveyor or transmission belt production skyrocketed to $X in 2021 estimated in export price. In general, the total production indicated buoyant growth from 2012 to 2021: its value increased at an average annual rate of +5.6% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, production decreased by -14.4% against 2019 indices. The growth pace was the most rapid in 2013 when the production volume increased by 50% against the previous year. Conveyor or transmission belt production peaked at $X in 2019; however, from 2020 to 2021, production stood at a somewhat lower figure.

Exports of Conveyor Or Transmission Belts Or Belting

Exports from Indonesia

In 2021, overseas shipments of conveyor or transmission belts or belting were finally on the rise to reach X tons for the first time since 2018, thus ending a two-year declining trend. The total export volume increased at an average annual rate of +1.3% from 2012 to 2021; the trend pattern remained consistent, with only minor fluctuations throughout the analyzed period. The exports peaked at X tons in 2014; afterwards, it flattened through to 2021.

In value terms, conveyor or transmission belt exports soared to $X in 2021. Overall, exports, however, saw a relatively flat trend pattern. The exports peaked at $X in 2012; however, from 2013 to 2021, the exports remained at a lower figure.

Exports by Country

The United States (X tons), Japan (X tons) and Singapore (X tons) were the main destinations of conveyor or transmission belt exports from Indonesia, with a combined 51% share of total exports. These countries were followed by Taiwan (Chinese), China, the United Arab Emirates, Turkey, Thailand, Italy, Germany, Peru, Saudi Arabia and Malaysia, which together accounted for a further 35%.

From 2012 to 2021, the biggest increases were recorded for Saudi Arabia (with a CAGR of +67.1%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the United States ($X), Japan ($X) and Singapore ($X) appeared to be the largest markets for conveyor or transmission belt exported from Indonesia worldwide, together accounting for 49% of total exports. These countries were followed by China, Thailand, the United Arab Emirates, Germany, Taiwan (Chinese), Turkey, Peru, Italy, Saudi Arabia and Malaysia, which together accounted for a further 33%.

In terms of the main countries of destination, Saudi Arabia, with a CAGR of +51.5%, saw the highest rates of growth with regard to 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 conveyor or transmission belt export price stood at $X per ton in 2021, approximately reflecting the previous year. In general, the export price saw a slight slump. The growth pace was the most rapid in 2015 when the average export price increased by 11% against the previous year. The export price peaked at $X per ton in 2012; however, from 2013 to 2021, the export prices remained at a lower figure.

There were significant differences in the average prices for the major overseas markets. In 2021, amid the top suppliers, the country with the highest price was Thailand ($X per ton), while the average price for exports to Taiwan (Chinese) ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to the United Arab Emirates (+8.9%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Conveyor Or Transmission Belts Or Belting

Imports into Indonesia

In 2021, after two years of decline, there was significant growth in overseas purchases of conveyor or transmission belts or belting, when their volume increased by 22% to X tons. Over the period under review, imports saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2018 with an increase of 41% against the previous year. As a result, imports attained the peak of X tons. From 2019 to 2021, the growth of imports remained at a lower figure.

In value terms, conveyor or transmission belt imports surged to $X in 2021. In general, imports, however, saw a mild decrease. The pace of growth was the most pronounced in 2018 with an increase of 34% against the previous year. Imports peaked at $X in 2012; however, from 2013 to 2021, imports remained at a lower figure.

Imports by Country

In 2021, China (X tons) constituted the largest conveyor or transmission belt supplier to Indonesia, with a 66% share of total imports. Moreover, conveyor or transmission belt imports from China exceeded the figures recorded by the second-largest supplier, Japan (X tons), eightfold. Australia (X tons) ranked third in terms of total imports with a 6.9% share.

From 2012 to 2021, the average annual growth rate of volume from China stood at +6.2%. The remaining supplying countries recorded the following average annual rates of imports growth: Japan (-1.6% per year) and Australia (+19.0% per year).

In value terms, China ($X), Japan ($X) and Australia ($X) were the largest conveyor or transmission belt suppliers to Indonesia, together comprising 64% of total imports.

Australia, with a CAGR of +11.7%, recorded the highest rates of growth with regard to 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 conveyor or transmission belt import price stood at $X per ton in 2021, surging by 4.3% against the previous year. In general, the import price, however, showed a noticeable descent. The pace of growth was the most pronounced in 2019 when the average import price increased by 9.7%. The import price peaked at $X per ton in 2012; however, from 2013 to 2021, import prices failed to regain momentum.

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 2021, the most notable rate of growth in terms of prices was attained by the United States (+8.3%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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