Indonesia: Agricultural Product Dryer Market 2024

Agricultural Product Dryer Market Size in Indonesia

In 2021, the Indonesian agricultural product dryer market decreased by -14.6% to $X, falling for the second consecutive year after four years of growth. Overall, consumption faced a deep contraction. Over the period under review, the market hit record highs at $X in 2012; however, from 2013 to 2021, consumption remained at a lower figure.

Agricultural Product Dryer Exports

Exports from Indonesia

Agricultural product dryer exports from Indonesia declined notably to X units in 2021, reducing by -57.1% compared with 2020 figures. Over the period under review, exports continue to indicate a mild descent. The pace of growth appeared the most rapid in 2019 with an increase of 1,150% against the previous year. Over the period under review, the exports reached the peak figure at X units in 2014; however, from 2015 to 2021, the exports stood at a somewhat lower figure.

In value terms, agricultural product dryer exports shrank remarkably to $X in 2021. Overall, exports, however, recorded a strong increase. The pace of growth was the most pronounced in 2013 with an increase of 469%. Over the period under review, the exports hit record highs at $X in 2014; however, from 2015 to 2021, the exports failed to regain momentum.

Exports by Country

The United States (X units), Sierra Leone (X units) and Zambia (X units) were the main destinations of agricultural product dryer exports from Indonesia, with a combined 50% share of total exports.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Sierra Leone (with a CAGR of 0.0%), while the other leaders experienced mixed trend patterns.

In value terms, Zambia ($X) emerged as the key foreign market for dryers for the treatment of agricultural products exports from Indonesia, comprising 57% of total exports. The second position in the ranking was taken by Sierra Leone ($X), with a 24% share of total exports.

From 2012 to 2021, the average annual rate of growth in terms of value to Zambia was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: Sierra Leone (+26.7% per year) and the United States (-100.0% per year).

Export Prices by Country

The average agricultural product dryer export price stood at $X per unit in 2021, reducing by -24.6% against the previous year. In general, the export price, however, enjoyed a resilient increase. The most prominent rate of growth was recorded in 2013 when the average export price increased by 568%. As a result, the export price reached the peak level of $X per unit. From 2014 to 2021, the average export prices failed to regain momentum.

There were significant differences in the average prices for the major external markets. In 2021, amid the top suppliers, the country with the highest price was Zambia ($X per unit), while the average price for exports to the United States ($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 the Philippines (+10.3%), while the prices for the other major destinations experienced more modest paces of growth.

Agricultural Product Dryer Imports

Imports into Indonesia

In 2021, supplies from abroad of dryers for the treatment of agricultural products decreased by -31.5% to X units, falling for the second year in a row after four years of growth. Over the period under review, imports recorded a abrupt contraction. The pace of growth appeared the most rapid in 2018 with an increase of 81%. Imports peaked at X units in 2012; however, from 2013 to 2021, imports stood at a somewhat lower figure.

In value terms, agricultural product dryer imports totaled $X in 2021. In general, imports faced a deep contraction. The pace of growth appeared the most rapid in 2018 when imports increased by 61% against the previous year. Over the period under review, imports reached the maximum at $X in 2012; however, from 2013 to 2021, imports stood at a somewhat lower figure.

Imports by Country

Malaysia (X units), China (X units) and Taiwan (Chinese) (X units) were the main suppliers of agricultural product dryer imports to Indonesia, together accounting for 87% of total imports.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Taiwan (Chinese) (with a CAGR of +18.3%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Malaysia ($X), China ($X) and Taiwan (Chinese) ($X) constituted the largest agricultural product dryer suppliers to Indonesia, with a combined 86% share of total imports.

Taiwan (Chinese), with a CAGR of +16.3%, recorded the highest growth rate of the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced mixed trend patterns.

Import Prices by Country

In 2021, the average agricultural product dryer import price amounted to $X per unit, rising by 55% against the previous year. In general, the import price, however, continues to indicate a relatively flat trend pattern. Over the period under review, average import prices hit record highs at $X per unit in 2015; however, from 2016 to 2021, import prices remained at a 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 Thailand ($X per unit), while the price for the UK ($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 UK (+5.6%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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