Indonesia: Market for Hydraulic Cylinders And Systems 2024

Market Size for Hydraulic Cylinders And Systems in Indonesia

The Indonesian hydraulic cylinder and system market skyrocketed to $X in 2022, increasing by 16% against the previous year. In general, consumption showed a remarkable increase. Hydraulic cylinder and system consumption peaked in 2022 and is expected to retain growth in the near future.

Production of Hydraulic Cylinders And Systems in Indonesia

In value terms, hydraulic cylinder and system production totaled $X in 2022 estimated in export price. Over the period under review, the total production indicated a buoyant expansion from 2012 to 2022: its value increased at an average annual rate of +7.1% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production decreased by -1.1% against 2020 indices. The pace of growth appeared the most rapid in 2015 with an increase of 55% against the previous year. Hydraulic cylinder and system production peaked at $X in 2020; however, from 2021 to 2022, production failed to regain momentum.

Exports of Hydraulic Cylinders And Systems

Exports from Indonesia

In 2022, the amount of hydraulic cylinders and systems exported from Indonesia declined to X units, with a decrease of -12.8% on 2021. Over the period under review, exports, however, saw modest growth. The pace of growth appeared the most rapid in 2017 when exports increased by 363%. The exports peaked at X units in 2018; however, from 2019 to 2022, the exports remained at a lower figure.

In value terms, hydraulic cylinder and system exports declined markedly to $X in 2022. Overall, exports recorded a pronounced contraction. The pace of growth was the most pronounced in 2017 when exports increased by 251% against the previous year. Over the period under review, the exports attained the maximum at $X in 2018; however, from 2019 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Thailand (X units) was the main destination for hydraulic cylinder and system exports from Indonesia, accounting for a 68% share of total exports. Moreover, hydraulic cylinder and system exports to Thailand exceeded the volume sent to the second major destination, the United States (X units), fivefold. The third position in this ranking was taken by China (X units), with a 9.5% share.

From 2012 to 2022, the average annual growth rate of volume to Thailand stood at +115.6%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United States (+17.1% per year) and China (+12.4% per year).

In value terms, the largest markets for hydraulic cylinder and system exported from Indonesia were Thailand ($X), Singapore ($X) and the United States ($X), with a combined 90% share of total exports.

In terms of the main countries of destination, Thailand, with a CAGR of +105.0%, recorded the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2022, the average hydraulic cylinder and system export price amounted to $X per thousand units, shrinking by -21% against the previous year. In general, the export price continues to indicate a noticeable slump. The most prominent rate of growth was recorded in 2019 an increase of 78%. Over the period under review, the average export prices reached the peak figure at $X per thousand units in 2015; however, from 2016 to 2022, the export prices failed to regain momentum.

There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Japan ($X per thousand units), while the average price for exports to Thailand ($X per thousand units) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Japan (+9.8%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Hydraulic Cylinders And Systems

Imports into Indonesia

In 2022, overseas purchases of hydraulic cylinders and systems increased by 68% to X units, rising for the second consecutive year after two years of decline. In general, imports posted a prominent increase. The most prominent rate of growth was recorded in 2017 with an increase of 82% against the previous year. Over the period under review, imports attained the maximum in 2022 and are expected to retain growth in the immediate term.

In value terms, hydraulic cylinder and system imports soared to $X in 2022. Overall, imports continue to indicate a buoyant expansion. The most prominent rate of growth was recorded in 2015 when imports increased by 136% against the previous year. Over the period under review, imports reached the maximum in 2022 and are expected to retain growth in years to come.

Imports by Country

In 2022, China (X units) constituted the largest supplier of hydraulic cylinder and system to Indonesia, with a 71% share of total imports. Moreover, hydraulic cylinder and system imports from China exceeded the figures recorded by the second-largest supplier, the Netherlands (X units), tenfold. The third position in this ranking was held by Germany (X units), with a 6.9% share.

From 2012 to 2022, the average annual growth rate of volume from China stood at +18.9%. The remaining supplying countries recorded the following average annual rates of imports growth: the Netherlands (+17.7% per year) and Germany (+25.1% per year).

In value terms, China ($X) constituted the largest supplier of hydraulic cylinders and systems to Indonesia, comprising 30% of total imports. The second position in the ranking was taken by Germany ($X), with a 13% share of total imports. It was followed by Japan, with a 13% share.

From 2012 to 2022, the average annual rate of growth in terms of value from China stood at +14.6%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (+23.4% per year) and Japan (+6.6% per year).

Import Prices by Country

The average hydraulic cylinder and system import price stood at $X per unit in 2022, rising by 9% against the previous year. In general, the import price, however, showed a mild contraction. The most prominent rate of growth was recorded in 2015 when the average import price increased by 112%. As a result, import price reached the peak level of $X per unit. From 2016 to 2022, the average import prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the United States ($X per unit), while the price for China (less than $X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Japan (+8.2%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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