Indonesia: Power Tool Market 2024

Power Tool Market Size in Indonesia

The Indonesian power tool market skyrocketed to $X in 2021, jumping by 18% against the previous year. The market value increased at an average annual rate of +3.2% from 2012 to 2021; the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, consumption reached the peak level and is likely to continue growth in the immediate term.

Power Tool Production in Indonesia

In value terms, power tool production soared to $X in 2021 estimated in export price. The total output value increased at an average annual rate of +2.8% over the period from 2012 to 2021; the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2017 with an increase of 18% against the previous year. Power tool production peaked in 2021 and is likely to see steady growth in the immediate term.

Power Tool Exports

Exports from Indonesia

In 2021, overseas shipments of power tools increased by 55% to X units, rising for the second consecutive year after three years of decline. Overall, exports saw a significant increase. The pace of growth appeared the most rapid in 2020 with an increase of 1,174% against the previous year. Over the period under review, the exports reached the maximum in 2021 and are likely to continue growth in the near future.

In value terms, power tool exports skyrocketed to $X in 2021. Over the period under review, exports posted significant growth. The pace of growth was the most pronounced in 2020 with an increase of 1,076%. The exports peaked in 2021 and are expected to retain growth in years to come.

Exports by Country

The United States (X units) was the main destination for power tool exports from Indonesia, with a 68% share of total exports. Moreover, power tool exports to the United States exceeded the volume sent to the second major destination, Hong Kong SAR (X units), threefold. Chile (X units) ranked third in terms of total exports with a 3.1% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to the United States amounted to +256.3%. Exports to the other major destinations recorded the following average annual rates of exports growth: Hong Kong SAR (+172.1% per year) and Chile (0.0% per year).

In value terms, the United States ($X) remains the key foreign market for power tools exports from Indonesia, comprising 69% of total exports. The second position in the ranking was taken by Hong Kong SAR ($X), with a 22% share of total exports. It was followed by Chile, with a 3.3% share.

From 2012 to 2021, the average annual growth rate of value to the United States totaled +337.3%. Exports to the other major destinations recorded the following average annual rates of exports growth: Hong Kong SAR (+179.8% per year) and Chile (0.0% per year).

Export Prices by Country

The average power tool export price stood at $X per unit in 2021, jumping by 25% against the previous year. Over the period under review, export price indicated a tangible increase from 2012 to 2021: its price increased at an average annual rate of +2.3% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2017 when the average export price increased by 106%. The export price peaked in 2021 and is likely to see steady growth in years to come.

Average prices varied somewhat for the major external markets. In 2021, amid the top suppliers, the countries with the highest prices were Chile ($X per unit) and Bangladesh ($X per unit), while the average price for exports to China ($X per unit) and the United States ($X per unit) were amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Bangladesh (+25.7%), while the prices for the other major destinations experienced more modest paces of growth.

Power Tool Imports

Imports into Indonesia

In 2021, power tool imports into Indonesia surged to X units, rising by 31% compared with the previous year. Over the period under review, imports saw resilient growth. The pace of growth was the most pronounced in 2015 with an increase of 77%. Imports peaked in 2021 and are expected to retain growth in years to come.

In value terms, power tool imports soared to $X in 2021. Overall, imports enjoyed a buoyant expansion. The most prominent rate of growth was recorded in 2015 with an increase of 56% against the previous year. Imports peaked in 2021 and are expected to retain growth in the immediate term.

Imports by Country

In 2021, China (X units) constituted the largest supplier of power tool to Indonesia, accounting for a 79% share of total imports. Moreover, power tool imports from China exceeded the figures recorded by the second-largest supplier, Thailand (X units), sixfold.

From 2012 to 2021, the average annual rate of growth in terms of volume from China stood at +12.5%. The remaining supplying countries recorded the following average annual rates of imports growth: Thailand (+70.2% per year) and Japan (+16.9% per year).

In value terms, China ($X) constituted the largest supplier of power tools to Indonesia, comprising 79% of total imports. The second position in the ranking was held by Thailand ($X), with a 14% share of total imports.

From 2012 to 2021, the average annual rate of growth in terms of value from China totaled +12.4%. The remaining supplying countries recorded the following average annual rates of imports growth: Thailand (+70.3% per year) and Japan (+16.3% per year).

Import Prices by Country

The average power tool import price stood at $X per unit in 2021, increasing by 7.4% against the previous year. In general, the import price, however, showed a relatively flat trend pattern. The growth pace was the most rapid in 2018 when the average import price increased by 12%. Over the period under review, average import prices reached the maximum at $X per unit in 2012; however, from 2013 to 2021, import prices stood at a somewhat lower figure.

Average prices varied noticeably amongst the major supplying countries. In 2021, amid the top importers, the country with the highest price was Thailand ($X per unit), while the price for Japan ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Thailand (+0.1%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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