Indonesia: Market for In-Hand Motor Grinders, Sanders And Planers 2024

Market Size for In-Hand Motor Grinders, Sanders And Planers in Indonesia

In 2021, the Indonesian market for in-hand motor grinders, sanders and planers was finally on the rise to reach $X after two years of decline. In general, consumption saw a prominent expansion. Consumption of peaked at $X in 2016; however, from 2017 to 2021, consumption failed to regain momentum.

Exports of In-Hand Motor Grinders, Sanders And Planers

Exports from Indonesia

Exports of in-hand motor grinders, sanders and planers from Indonesia surged to X units in 2021, increasing by 53% on 2020 figures. In general, exports saw significant growth. The growth pace was the most rapid in 2020 with an increase of 1,748%. The exports peaked in 2021 and are expected to retain growth in years to come.

In value terms, exports of in-hand motor grinders, sanders and planers surged to $X in 2021. Overall, exports posted a significant increase. The pace of growth appeared the most rapid in 2020 with an increase of 1,626%. Over the period under review, the exports of reached the peak figure in 2021 and are likely to see gradual growth in the near future.

Exports by Country

The United States (X units) was the main destination for exports of in-hand motor grinders, sanders and planers from Indonesia, accounting for a 71% share of total exports. Moreover, exports of in-hand motor grinders, sanders and planers to the United States exceeded the volume sent to the second major destination, Hong Kong SAR (X units), threefold. China (X units) ranked third in terms of total exports with a 2.7% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to the United States stood at +288.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: Hong Kong SAR (+193.9% per year) and China (+16.7% per year).

In value terms, the United States ($X) remains the key foreign market for electromechanical tools for working in the hand, with self-contained electric motor exports from Indonesia, comprising 71% of total exports. The second position in the ranking was held by Hong Kong SAR ($X), with a 23% share of total exports. It was followed by China, with a 2.1% share.

From 2012 to 2021, the average annual growth rate of value to the United States amounted to +349.6%. Exports to the other major destinations recorded the following average annual rates of exports growth: Hong Kong SAR (+207.5% per year) and China (+17.2% per year).

Export Prices by Country

The average export price for in-hand motor grinders, sanders and planers stood at $X per unit in 2021, jumping by 25% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +2.8%. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.

Average prices varied noticeably for the major export markets. In 2021, the countries with the highest prices were India ($X per unit) and Hong Kong SAR ($X per unit), while the average price for exports to China ($X per unit) and the United States ($X per unit) were amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to the United States (+15.2%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of In-Hand Motor Grinders, Sanders And Planers

Imports into Indonesia

In 2021, imports of in-hand motor grinders, sanders and planers into Indonesia soared to X units, surging by 33% compared with 2020. In general, imports continue to indicate a remarkable increase. The most prominent rate of growth was recorded in 2015 when imports increased by 110% against the previous year. Over the period under review, imports of reached the peak figure at X units in 2016; however, from 2017 to 2021, imports remained at a lower figure.

In value terms, imports of in-hand motor grinders, sanders and planers skyrocketed to $X in 2021. Over the period under review, imports showed a buoyant expansion. The most prominent rate of growth was recorded in 2015 with an increase of 85%. Imports peaked at $X in 2016; however, from 2017 to 2021, imports remained at a lower figure.

Imports by Country

In 2021, China (X units) constituted the largest electromechanical tools for working in the hand, with self-contained electric motor supplier to Indonesia, accounting for a 76% share of total imports. Moreover, imports of in-hand motor grinders, sanders and planers from China exceeded the figures recorded by the second-largest supplier, Thailand (X units), fivefold.

From 2012 to 2021, the average annual growth rate of volume from China stood at +10.8%. The remaining supplying countries recorded the following average annual rates of imports growth: Thailand (+62.0% per year) and Japan (+21.5% per year).

In value terms, China ($X) constituted the largest supplier of electromechanical tools for working in the hand, with self-contained electric motor to Indonesia, comprising 76% of total imports. The second position in the ranking was taken by Thailand ($X), with a 15% share of total imports.

From 2012 to 2021, the average annual rate of growth in terms of value from China totaled +10.5%. The remaining supplying countries recorded the following average annual rates of imports growth: Thailand (+61.6% per year) and Japan (+21.2% per year).

Import Prices by Country

In 2021, the average import price for in-hand motor grinders, sanders and planers amounted to $X per unit, with an increase of 5.5% against the previous year. Over the period under review, the import price, however, recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2018 when the average import price increased by 9.6%. The import price peaked at $X per unit in 2012; however, from 2013 to 2021, import prices remained at a lower figure.

Average prices varied noticeably amongst the major supplying countries. In 2021, the country with the highest price was Japan ($X per unit), while the price for China ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Thailand (-0.3%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :