Indonesia: Hydraulic Press Market 2024

Hydraulic Press Market Size in Indonesia

The Indonesian hydraulic press market declined to $X in 2022, dropping by -7.7% against the previous year. Overall, consumption, however, showed a remarkable increase. Hydraulic press consumption peaked at $X in 2016; however, from 2017 to 2022, consumption failed to regain momentum.

Hydraulic Press Production in Indonesia

In value terms, hydraulic press production declined to $X in 2022 estimated in export price. In general, production enjoyed a significant increase. The pace of growth was the most pronounced in 2014 with an increase of 249%. Over the period under review, production attained the peak level at $X in 2016; however, from 2017 to 2022, production failed to regain momentum.

Hydraulic Press Exports

Exports from Indonesia

In 2022, the amount of hydraulic presses for working metal exported from Indonesia shrank dramatically to X units, falling by -43.3% on 2021. Overall, exports saw a deep slump. The most prominent rate of growth was recorded in 2021 with an increase of 88%. The exports peaked at X units in 2015; however, from 2016 to 2022, the exports failed to regain momentum.

In value terms, hydraulic press exports reduced markedly to $X in 2022. Over the period under review, exports showed a deep setback. The growth pace was the most rapid in 2018 when exports increased by 458% against the previous year. The exports peaked at $X in 2014; however, from 2015 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

South Korea (X units) was the main destination for hydraulic press exports from Indonesia, accounting for a 24% share of total exports. Moreover, hydraulic press exports to South Korea exceeded the volume sent to the second major destination, Brunei Darussalam (X units), fourfold. The third position in this ranking was held by the Philippines (X units), with a 5.9% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to South Korea totaled +14.9%. Exports to the other major destinations recorded the following average annual rates of exports growth: Brunei Darussalam (0.0% per year) and the Philippines (-10.4% per year).

In value terms, South Korea ($X) remains the key foreign market for hydraulic presses for working metal exports from Indonesia, comprising 61% of total exports. The second position in the ranking was held by Taiwan (Chinese) ($X), with an 18% share of total exports. It was followed by Malaysia, with a 6.4% share.

From 2012 to 2022, the average annual growth rate of value to South Korea totaled +31.6%. Exports to the other major destinations recorded the following average annual rates of exports growth: Taiwan (Chinese) (-9.0% per year) and Malaysia (-21.6% per year).

Export Prices by Country

In 2022, the average hydraulic press export price amounted to $X per unit, growing by 5.1% against the previous year. In general, the export price, however, recorded a deep contraction. The pace of growth appeared the most rapid in 2018 when the average export price increased by 222%. The export price peaked at $X per unit in 2014; however, from 2015 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 Taiwan (Chinese) ($X per unit), while the average price for exports to Brunei Darussalam ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to China (+41.2%), while the prices for the other major destinations experienced more modest paces of growth.

Hydraulic Press Imports

Imports into Indonesia

In 2022, the amount of hydraulic presses for working metal imported into Indonesia reduced dramatically to X units, which is down by -30.2% against 2021. Overall, imports showed a pronounced shrinkage. The most prominent rate of growth was recorded in 2021 with an increase of 75% against the previous year. Imports peaked at X units in 2013; however, from 2014 to 2022, imports remained at a lower figure.

In value terms, hydraulic press imports reduced dramatically to $X in 2022. In general, imports faced a abrupt decline. The pace of growth appeared the most rapid in 2021 when imports increased by 71% against the previous year. Imports peaked at $X in 2013; however, from 2014 to 2022, imports stood at a somewhat lower figure.

Imports by Country

In 2022, China (X units) constituted the largest hydraulic press supplier to Indonesia, accounting for a 48% share of total imports. Moreover, hydraulic press imports from China exceeded the figures recorded by the second-largest supplier, Malaysia (X units), fourfold. South Korea (X units) ranked third in terms of total imports with a 9.9% share.

From 2012 to 2022, the average annual growth rate of volume from China amounted to -4.2%. The remaining supplying countries recorded the following average annual rates of imports growth: Malaysia (+6.3% per year) and South Korea (+5.1% per year).

In value terms, the largest hydraulic press suppliers to Indonesia were China ($X), Taiwan (Chinese) ($X) and Japan ($X), together accounting for 60% of total imports. Malaysia, South Korea, Italy, Norway and Singapore lagged somewhat behind, together comprising a further 22%.

Norway, with a CAGR of +19.8%, saw the highest rates of growth with regard to the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced a decline.

Import Prices by Country

The average hydraulic press import price stood at $X per unit in 2022, reducing by -23.4% against the previous year. Over the period under review, the import price saw a deep setback. The pace of growth appeared the most rapid in 2015 when the average import price increased by 6%. The import price peaked at $X per unit in 2012; however, from 2013 to 2022, 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 Taiwan (Chinese) ($X per unit), while the price for Singapore ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Italy (+1.9%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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