Indonesia: Non-Electric Motor Handtools Market 2024

Non-Electric Motor Handtools Market Size in Indonesia

In 2022, the Indonesian non-electric motor handtools market increased by 99% to $X, rising for the third year in a row after two years of decline. Overall, consumption continues to indicate a significant increase. As a result, consumption reached the peak level and is likely to continue growth in the immediate term.

Non-Electric Motor Handtools Production in Indonesia

In value terms, non-electric motor handtools production amounted to $X in 2022 estimated in export price. Overall, production saw a relatively flat trend pattern. The growth pace was the most rapid in 2020 with a decrease of 99.9% against the previous year. Non-electric motor handtools production peaked in 2022 and is expected to retain growth in the near future.

Non-Electric Motor Handtools Exports

Exports from Indonesia

In 2022, exports of handtools, hydraulic or with a self-contained non-electric motor from Indonesia expanded remarkably to X units, increasing by 6.2% against the previous year. Over the period under review, exports enjoyed a temperate expansion. The most prominent rate of growth was recorded in 2020 with an increase of 355%. As a result, the exports attained the peak of X units. From 2021 to 2022, the growth of the exports remained at a lower figure.

In value terms, non-electric motor handtools exports expanded significantly to $X in 2022. Overall, exports recorded a resilient increase. The pace of growth was the most pronounced in 2020 with an increase of 355%. As a result, the exports reached the peak of $X. From 2021 to 2022, the growth of the exports remained at a lower figure.

Exports by Country

Singapore (X units) was the main destination for non-electric motor handtools exports from Indonesia, with a 98% share of total exports. It was followed by Malaysia (X units), with a 1.1% share of total exports.

From 2012 to 2022, the average annual growth rate of volume to Singapore amounted to +7.8%.

In value terms, Singapore ($X) remains the key foreign market for handtools, hydraulic or with a self-contained non-electric motor exports from Indonesia, comprising 98% of total exports. The second position in the ranking was taken by Malaysia ($X), with a 1.1% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of value to Singapore amounted to +9.6%.

Export Prices by Country

In 2022, the average non-electric motor handtools export price amounted to $X per unit, surging by 4.5% against the previous year. Over the last decade, it increased at an average annual rate of +1.9%. The pace of growth appeared the most rapid in 2018 when the average export price increased by 34% against the previous year. The export price peaked in 2022 and is expected to retain growth in the immediate term.

Average prices varied noticeably for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Malaysia ($X per unit), while the average price for exports to Singapore totaled $X per unit.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Malaysia (+1.9%), while the prices for the other major destinations experienced mixed trend patterns.

Non-Electric Motor Handtools Imports

Imports into Indonesia

For the third year in a row, Indonesia recorded growth in overseas purchases of handtools, hydraulic or with a self-contained non-electric motor, which increased by 97% to X units in 2022. In general, imports saw significant growth. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, non-electric motor handtools imports surged to $X in 2022. Overall, imports recorded a buoyant increase. The growth pace was the most rapid in 2017 with an increase of 97%. Over the period under review, imports reached the maximum in 2022 and are likely to see steady growth in years to come.

Imports by Country

In 2022, China (X units) constituted the largest supplier of non-electric motor handtools to Indonesia, accounting for a 55% share of total imports. Moreover, non-electric motor handtools imports from China exceeded the figures recorded by the second-largest supplier, the United States (X units), threefold. The third position in this ranking was taken by the UK (X units), with a 5.8% share.

From 2012 to 2022, the average annual growth rate of volume from China amounted to +32.1%. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (+32.5% per year) and the UK (+48.2% per year).

In value terms, China ($X) constituted the largest supplier of handtools, hydraulic or with a self-contained non-electric motor to Indonesia, comprising 55% of total imports. The second position in the ranking was held by the United States ($X), with an 18% share of total imports. It was followed by the UK, with a 5.8% share.

From 2012 to 2022, the average annual growth rate of value from China amounted to +26.3%. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (+26.7% per year) and the UK (+41.8% per year).

Import Prices by Country

The average non-electric motor handtools import price stood at $X per unit in 2022, approximately mirroring the previous year. Over the period under review, the import price continues to indicate a perceptible downturn. The most prominent rate of growth was recorded in 2019 when the average import price increased by 19% against the previous year. Over the period under review, average import prices hit record highs at $X per unit in 2014; however, from 2015 to 2022, import prices failed to regain momentum.

Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the highest price was recorded for prices from Malaysia ($X per unit) and the Netherlands ($X per unit), while the price for Taiwan (Chinese) ($X per unit) and Australia ($X per unit) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Malaysia (-4.3%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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