Report Update Mar 1, 2025

Indonesia - Hot-Rolled Wire Rod in Coil of Stainless Steel - Market Analysis, Forecast, Size, Trends and Insights

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Indonesia: Market for Hot-Rolled Wire Rod In Coil Of Stainless Steel 2025

Market Size for Hot-Rolled Wire Rod In Coil Of Stainless Steel in Indonesia

The Indonesian market for hot-rolled wire rod in coil of stainless steel skyrocketed to $X in 2022, picking up by 20% 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, however, recorded a buoyant increase. Hot-rolled wire stainless steel rod consumption peaked in 2022 and is likely to continue growth in the near future.

Exports of Hot-Rolled Wire Rod In Coil Of Stainless Steel

Exports from Indonesia

After four years of growth, shipments abroad of hot-rolled wire rod in coil of stainless steel decreased by -0.7% to X tons in 2022. Overall, exports saw a abrupt setback. The most prominent rate of growth was recorded in 2019 when exports increased by 715%. The exports peaked at X tons in 2013; however, from 2014 to 2022, the exports failed to regain momentum.

In value terms, hot-rolled wire stainless steel rod exports surged to $X in 2022. In general, exports saw a drastic downturn. The growth pace was the most rapid in 2019 when exports increased by 421%. The exports peaked at $X in 2013; however, from 2014 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Singapore (X tons) was the main destination for hot-rolled wire stainless steel rod exports from Indonesia, with a approx. 100% share of total exports.

From 2013 to 2022, the average annual rate of growth in terms of volume to Singapore totaled +232.4%.

In value terms, Singapore ($X) emerged as the key foreign market for hot-rolled wire rod in coil of stainless steel exports from Indonesia.

From 2013 to 2022, the average annual growth rate of value to Singapore totaled +241.4%.

Export Prices by Country

The average export price for hot-rolled wire rod in coil of stainless steel stood at $X per ton in 2022, growing by 52% against the previous year. In general, the export price recorded buoyant growth. The most prominent rate of growth was recorded in 2014 when the average export price increased by 210% against the previous year. Over the period under review, the average export prices attained the maximum at $X per ton in 2017; however, from 2018 to 2022, the export prices remained at a lower figure.

As there is only one major export destination, the average price level is determined by prices for Singapore.

From 2013 to 2022, the rate of growth in terms of prices for Myanmar amounted to +7.1% per year.

Imports of Hot-Rolled Wire Rod In Coil Of Stainless Steel

Imports into Indonesia

In 2022, approx. X tons of hot-rolled wire rod in coil of stainless steel were imported into Indonesia; with a decrease of -2.8% on 2021. In general, imports, however, posted a mild increase. The pace of growth was the most pronounced in 2019 with an increase of 386% against the previous year. Imports peaked at X tons in 2016; however, from 2017 to 2022, imports stood at a somewhat lower figure.

In value terms, hot-rolled wire stainless steel rod imports skyrocketed to $X in 2022. Over the period under review, imports, however, posted a buoyant increase. The pace of growth was the most pronounced in 2014 with an increase of 632%. Over the period under review, imports attained the maximum in 2022 and are likely to see steady growth in the near future.

Imports by Country

Taiwan (Chinese) (X tons), China (X tons) and India (X tons) were the main suppliers of hot-rolled wire stainless steel rod imports to Indonesia, together accounting for 94% of total imports. South Korea and Singapore lagged somewhat behind, together comprising a further 4.4%.

From 2012 to 2022, the biggest increases were recorded for South Korea (with a CAGR of +126.4%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Taiwan (Chinese) ($X), China ($X) and India ($X) constituted the largest hot-rolled wire stainless steel rod suppliers to Indonesia, together accounting for 92% of total imports. South Korea and Singapore lagged somewhat behind, together comprising a further 4.6%.

In terms of the main suppliers, South Korea, with a CAGR of +117.3%, recorded the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the average import price for hot-rolled wire rod in coil of stainless steel amounted to $X per ton, increasing by 47% against the previous year. Over the period under review, the import price saw a resilient increase. The most prominent rate of growth was recorded in 2017 an increase of 77%. The import price peaked in 2022 and is likely to see gradual growth in years to come.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+14.9%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for hot-rolled wire rod in coil of stainless steel in the world?

Taiwan Chinese) constituted the country with the largest volume of hot-rolled wire stainless steel rod consumption, comprising approx. 21% of total volume. Moreover, hot-rolled wire stainless steel rod consumption in Taiwan Chinese) exceeded the figures recorded by the second-largest consumer, Germany, twofold. Vietnam ranked third in terms of total consumption with a 9% share.

What are the largest producers of hot-rolled wire rod in coil of stainless steel in the world?

The countries with the highest volumes of in 2021 were Taiwan Chinese), Japan and France, with a combined 54% share of global production. China, Spain, India and Sweden lagged somewhat behind, together comprising a further 38%.

What are the leading suppliers of hot-rolled wire rod in coil of stainless steel to Indonesia?

In value terms, Taiwan Chinese) constituted the largest supplier of hot-rolled wire stainless steel rod to Indonesia, comprising 68% of total imports. The second position in the ranking was occupied by China, with an 8% share of total imports. It was followed by India, with a 6.9% share.

What are the leading importers of hot-rolled wire rod in coil of stainless steel from Indonesia?

In value terms, Singapore remains the key foreign market for hot-rolled wire stainless steel rod exports from Indonesia.

What is the average export price for hot-rolled wire rod in coil of stainless steel in Indonesia?

The average export price for hot-rolled wire rod in coil of stainless steel stood at $3,107 per ton in 2021, growing by 49% against the previous year.

What is the average import price for hot-rolled wire rod in coil of stainless steel in Indonesia?

The average import price for hot-rolled wire rod in coil of stainless steel stood at $2,756 per ton in 2021, increasing by 29% against the previous year.

This report provides an in-depth analysis of the market for hot-rolled wire stainless steel rod in Indonesia. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.

Product coverage:

Prodcom 24106300 - Hot-rolled wire rod in coil, of stainless steel

Country coverage:

Indonesia

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in Indonesia
Export and import prices
Market trends, drivers and restraints
Key market players and their profiles

Reasons to buy this report:

Take advantage of the latest data
Find deeper insights into current market developments
Discover vital success factors affecting the market

This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:

How to diversify your business and benefit from new market opportunities
How to load your idle production capacity
How to boost your sales on overseas markets
How to increase your profit margins
How to make your supply chain more sustainable
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How to prepare your business for global expansion

While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.

1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business
1. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects
1. MARKET SIZE
2. MARKET STRUCTURE
3. TRADE BALANCE
4. PER CAPITA CONSUMPTION
5. MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. TOP EXPORTING COUNTRIES
4. LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2024
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2024
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO
LIST OF TABLES
1. Key Findings In 2024
2. Market Volume, In Physical Terms, 2012–2024
3. Market Value, 2012–2024
4. Per Capita Consumption In 2012-2024
5. Imports, In Physical Terms, By Country, 2012–2024
6. Imports, In Value Terms, By Country, 2012–2024
7. Import Prices, By Country Of Origin, 2012–2024
8. Exports, In Physical Terms, By Country, 2012–2024
9. Exports, In Value Terms, By Country, 2012–2024
10. Export Prices, By Country Of Destination, 2012–2024
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2024
2. Market Value, 2012–2024
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2024
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2024
5. Trade Balance, In Physical Terms, 2012-2024
6. Trade Balance, In Value Terms, 2012-2024
7. Per Capita Consumption, 2012-2024
8. Market Volume Forecast to 2030
9. Market Value Forecast to 2030
10. Products: Market Size And Growth, By Type
11. Products: Average Per Capita Consumption, By Type
12. Products: Exports And Growth, By Type
13. Products: Export Prices And Growth, By Type
14. Production Volume And Growth
15. Exports And Growth
16. Export Prices And Growth
17. Market Size And Growth
18. Per Capita Consumption
19. Imports And Growth
20. Import Prices
21. Production, In Physical Terms, 2012–2024
22. Production, In Value Terms, 2012–2024
23. Imports, In Physical Terms, 2012–2024
24. Imports, In Value Terms, 2012–2024
25. Imports, In Physical Terms, By Country, 2024
26. Imports, In Physical Terms, By Country, 2012–2024
27. Imports, In Value Terms, By Country, 2012–2024
28. Import Prices, By Country Of Origin, 2012–2024
29. Exports, In Physical Terms, 2012–2024
30. Exports, In Value Terms, 2012–2024
31. Exports, In Physical Terms, By Country, 2024
32. Exports, In Physical Terms, By Country, 2012–2024
33. Exports, In Value Terms, By Country, 2012–2024
34. Export Prices, By Country Of Destination, 2012–2024