Indonesia: Gas Supply Meter Market 2024

Gas Supply Meter Market Size in Indonesia

The Indonesian gas supply meter market skyrocketed to $X in 2021, growing by 38% 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). Over the period under review, consumption recorded buoyant growth. Gas supply meter consumption peaked in 2021 and is expected to retain growth in years to come.

Gas Supply Meter Exports

Exports from Indonesia

In 2021, shipments abroad of gas supply or production meters decreased by -81.5% to X units for the first time since 2018, thus ending a two-year rising trend. Overall, exports saw a drastic downturn. The pace of growth appeared the most rapid in 2019 when exports increased by 12,535%. The exports peaked at X units in 2020, and then reduced dramatically in the following year.

In value terms, gas supply meter exports dropped dramatically to $X in 2021. Over the period under review, exports, however, enjoyed a resilient increase. The pace of growth was the most pronounced in 2019 when exports increased by 4,414%. Over the period under review, the exports reached the peak figure at $X in 2014; however, from 2015 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

Australia (X units) was the main destination for gas supply meter exports from Indonesia, with a 83% share of total exports. Moreover, gas supply meter exports to Australia exceeded the volume sent to the second major destination, Taiwan (Chinese) (X units), eightfold.

From 2012 to 2021, the average annual rate of growth in terms of volume to Australia totaled +133.9%. Exports to the other major destinations recorded the following average annual rates of exports growth: Taiwan (Chinese) (+145.5% per year) and Singapore (+13.3% per year).

In value terms, Australia ($X) remains the key foreign market for gas supply or production meters exports from Indonesia, comprising 71% of total exports. The second position in the ranking was taken by Singapore ($X), with a 17% share of total exports.

From 2012 to 2021, the average annual growth rate of value to Australia stood at +190.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: Singapore (+5.4% per year) and Taiwan (Chinese) (+114.7% per year).

Export Prices by Country

In 2021, the average gas supply meter export price amounted to $X per unit, dropping by -7.5% against the previous year. Over the period under review, the export price, however, posted a resilient increase. The most prominent rate of growth was recorded in 2013 when the average export price increased by 1,520% against the previous year. Over the period under review, the average export prices hit record highs at $X per unit in 2017; however, from 2018 to 2021, the export prices failed to regain momentum.

Prices varied noticeably country of destination: the country with the highest price was Singapore ($X per unit), while the average price for exports to Taiwan (Chinese) ($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 Australia (+23.8%), while the prices for the other major destinations experienced a decline.

Gas Supply Meter Imports

Imports into Indonesia

In 2021, the amount of gas supply or production meters imported into Indonesia skyrocketed to X units, growing by 34% against the previous year. Over the period under review, imports continue to indicate resilient growth. The pace of growth was the most pronounced in 2016 with an increase of 98%. Imports peaked in 2021 and are likely to see gradual growth in years to come.

In value terms, gas supply meter imports contracted slightly to $X in 2021. Overall, imports recorded a moderate increase. The pace of growth appeared the most rapid in 2020 when imports increased by 92%. Imports peaked at $X in 2014; however, from 2015 to 2021, imports stood at a somewhat lower figure.

Imports by Country

In 2021, China (X units) constituted the largest gas supply meter supplier to Indonesia, accounting for a 76% share of total imports. Moreover, gas supply meter imports from China exceeded the figures recorded by the second-largest supplier, South Korea (X units), fourfold.

From 2012 to 2021, the average annual growth rate of volume from China totaled +7.1%. The remaining supplying countries recorded the following average annual rates of imports growth: South Korea (+3.9% per year) and Singapore (-4.2% per year).

In value terms, China ($X) constituted the largest supplier of gas supply or production meters to Indonesia, comprising 60% of total imports. The second position in the ranking was taken by South Korea ($X), with a 15% share of total imports.

From 2012 to 2021, the average annual growth rate of value from China amounted to +6.5%. The remaining supplying countries recorded the following average annual rates of imports growth: South Korea (-0.7% per year) and Singapore (+6.2% per year).

Import Prices by Country

In 2021, the average gas supply meter import price amounted to $X per unit, declining by -25.8% against the previous year. Over the period under review, the import price showed a mild setback. The pace of growth was the most pronounced in 2013 an increase of 94%. As a result, import price reached the peak level of $X per unit. From 2014 to 2021, the average import prices remained at a lower figure.

Prices varied noticeably country of origin: the country with the highest price was Singapore ($X per unit), while the price for South Korea ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Singapore (+10.8%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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