Indonesia: Measuring Instrument Market 2022

Measuring Instrument Market Size in Indonesia

The Indonesian measuring instrument market skyrocketed to $X in 2021, growing by 105% 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, continues to indicate a relatively flat trend pattern. Over the period under review, the market hit record highs at $X in 2012; however, from 2013 to 2021, consumption remained at a lower figure.

Measuring Instrument Exports

Exports from Indonesia

Measuring instrument exports from Indonesia contracted markedly to X units in 2021, reducing by -69.5% on the year before. In general, exports continue to indicate a abrupt contraction. The pace of growth appeared the most rapid in 2017 with an increase of 162%. As a result, the exports attained the peak of X units. From 2018 to 2021, the growth of the exports remained at a somewhat lower figure.

In value terms, measuring instrument exports reduced sharply to $X in 2021. Overall, exports, however, recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2017 when exports increased by 214%. As a result, the exports reached the peak of $X. From 2018 to 2021, the growth of the exports remained at a lower figure.

Exports by Country

Vietnam (X units), China (X units) and the Philippines (X units) were the main destinations of measuring instrument exports from Indonesia, together accounting for 62% of total exports. These countries were followed by Singapore, Japan, the United States, Turkey, Mexico and India, which together accounted for a further 27%.

From 2012 to 2021, the biggest increases were in Japan (with a CAGR of +51.7%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for measuring instrument exported from Indonesia were China ($X), Vietnam ($X) and Singapore ($X), together comprising 61% of total exports. Japan, the United States, the Philippines, Turkey, Mexico and India lagged somewhat behind, together accounting for a further 25%.

Japan, with a CAGR of +66.1%, saw the highest growth rate of the value of exports, among the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2021, the average measuring instrument export price amounted to $X per unit, surging by 20% against the previous year. Overall, the export price posted a buoyant increase. The pace of growth was the most pronounced in 2020 when the average export price increased by 47% against the previous year. Over the period under review, the average export prices reached the maximum in 2021 and is expected to retain growth in years to come.

Prices varied noticeably country of destination: the country with the highest price was Mexico ($X per unit), while the average price for exports to Turkey ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Mexico (+39.1%), while the prices for the other major destinations experienced more modest paces of growth.

Measuring Instrument Imports

Imports into Indonesia

Measuring instrument imports into Indonesia soared to X units in 2021, with an increase of 32% against the previous year's figure. Over the period under review, imports, however, saw a pronounced shrinkage. The pace of growth appeared the most rapid in 2019 when imports increased by 63%. Imports peaked at X units in 2012; however, from 2013 to 2021, imports failed to regain momentum.

In value terms, measuring instrument imports surged to $X in 2021. Overall, imports saw a temperate expansion. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

The Philippines (X units), China (X units) and Japan (X units) were the main suppliers of measuring instrument imports to Indonesia, together accounting for 75% of total imports.

From 2012 to 2021, the biggest increases were in the Philippines (with a CAGR of +123.7%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the Philippines ($X) constituted the largest supplier of measuring instrument to Indonesia, comprising 57% of total imports. The second position in the ranking was taken by China ($X), with a 5.7% share of total imports. It was followed by Germany, with a 5.4% share.

From 2012 to 2021, the average annual growth rate of value from the Philippines totaled +147.7%. The remaining supplying countries recorded the following average annual rates of imports growth: China (+0.1% per year) and Germany (+2.3% per year).

Import Prices by Country

The average measuring instrument import price stood at $X per unit in 2021, growing by 124% against the previous year. Overall, the import price recorded a strong expansion. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices amongst the major supplying countries. In 2021, the country with the highest price was the UK ($X per unit), while the price for China ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Taiwan (Chinese) (+16.3%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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