Indonesia: Wire And Cable Market 2024

Wire And Cable Market Size in Indonesia

In 2021, the Indonesian wire and cable market decreased by -1.2% to $X, falling for the second year in a row after four years of growth. The market value increased at an average annual rate of +3.4% from 2012 to 2021; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. Over the period under review, the market attained the peak level at $X in 2019; however, from 2020 to 2021, consumption remained at a lower figure.

Wire And Cable Production in Indonesia

In value terms, wire and cable production stood at $X in 2021 estimated in export price. The total output value increased at an average annual rate of +4.0% over the period from 2012 to 2021; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2017 when the production volume increased by 20% against the previous year. Over the period under review, production attained the peak level at $X in 2019; afterwards, it flattened through to 2021.

Wire And Cable Exports

Exports from Indonesia

Wire and cable exports from Indonesia expanded markedly to X tons in 2021, rising by 14% against the year before. The total export volume increased at an average annual rate of +3.0% over the period from 2012 to 2021; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being observed in certain years. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

In value terms, wire and cable exports soared to $X in 2021. The total export value increased at an average annual rate of +5.0% over the period from 2012 to 2021; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Exports by Country

Japan (X tons), the United States (X tons) and Singapore (X tons) were the main destinations of wire and cable exports from Indonesia, together comprising 70% of total exports. These countries were followed by Vietnam, Turkey, Thailand, the Philippines, Australia and Malaysia, which together accounted for a further 18%.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Turkey (with a CAGR of +89.4%), while the other leaders experienced more modest paces of growth.

In value terms, Japan ($X) remains the key foreign market for insulated wire and cable exports from Indonesia, comprising 53% of total exports. The second position in the ranking was taken by the United States ($X), with a 15% share of total exports. It was followed by Singapore, with an 8.2% share.

From 2012 to 2021, the average annual rate of growth in terms of value to Japan totaled +6.6%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United States (+1.5% per year) and Singapore (+2.9% per year).

Export Prices by Country

The average wire and cable export price stood at $X per ton in 2021, growing by 11% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +2.0%. The most prominent rate of growth was recorded in 2017 when the average export price increased by 13% against the previous year. The export price peaked in 2021 and is expected to retain growth in the immediate term.

There were significant differences in the average prices for the major external markets. In 2021, amid the top suppliers, the country with the highest price was Japan ($X per ton), while the average price for exports to Turkey ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Malaysia (+7.1%), while the prices for the other major destinations experienced more modest paces of growth.

Wire And Cable Imports

Imports into Indonesia

In 2021, purchases abroad of insulated wire and cable decreased by -1.5% to X tons, falling for the third consecutive year after three years of growth. Overall, imports continue to indicate a perceptible reduction. The most prominent rate of growth was recorded in 2016 when imports increased by 17% against the previous year. Over the period under review, imports attained the peak figure at X tons in 2012; however, from 2013 to 2021, imports remained at a lower figure.

In value terms, wire and cable imports surged to $X in 2021. In general, imports, however, continue to indicate a relatively flat trend pattern. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2021, China (X tons) constituted the largest supplier of wire and cable to Indonesia, accounting for a 66% share of total imports. Moreover, wire and cable imports from China exceeded the figures recorded by the second-largest supplier, Singapore (X tons), ninefold. South Korea (X tons) ranked third in terms of total imports with a 3.9% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from China was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: Singapore (-0.9% per year) and South Korea (-4.5% per year).

In value terms, China ($X) constituted the largest supplier of insulated wire and cable to Indonesia, comprising 50% of total imports. The second position in the ranking was held by Singapore ($X), with an 8.7% share of total imports. It was followed by Japan, with a 7.4% share.

From 2012 to 2021, the average annual rate of growth in terms of value from China totaled +6.1%. The remaining supplying countries recorded the following average annual rates of imports growth: Singapore (+0.7% per year) and Japan (-2.2% per year).

Import Prices by Country

The average wire and cable import price stood at $X per ton in 2021, picking up by 28% against the previous year. Over the last nine-year period, it increased at an average annual rate of +2.9%. As a result, import price attained 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, amid the top importers, the country with the highest price was Japan ($X per ton), while the price for China ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by China (+6.5%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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