Indonesia: Market for Iron or Steel Gas Domestic Cooking Appliances and Plate Warmers 2024

Market Size for Iron or Steel Gas Domestic Cooking Appliances and Plate Warmers in Indonesia

The Indonesian market for iron or steel gas domestic cooking appliances and plate warmers totaled $X in 2022, approximately equating the previous year. In general, consumption, however, recorded a mild downturn. Over the period under review, the market hit record highs at $X in 2013; however, from 2014 to 2022, consumption remained at a lower figure.

Production of Iron or Steel Gas Domestic Cooking Appliances and Plate Warmers in Indonesia

In value terms, production of iron or steel gas domestic cooking appliances and plate warmers totaled $X in 2022 estimated in export price. In general, production, however, continues to indicate a mild descent. The pace of growth was the most pronounced in 2017 with an increase of 34%. Production of peaked at $X in 2013; however, from 2014 to 2022, production stood at a somewhat lower figure.

Exports of Iron or Steel Gas Domestic Cooking Appliances and Plate Warmers

Exports from Indonesia

In 2022, shipments abroad of iron or steel gas domestic cooking appliances and plate warmers was finally on the rise to reach X units for the first time since 2016, thus ending a five-year declining trend. In general, exports posted a pronounced expansion. The pace of growth was the most pronounced in 2016 with an increase of 57%. As a result, the exports attained the peak of X units. From 2017 to 2022, the growth of the exports of failed to regain momentum.

In value terms, exports of iron or steel gas domestic cooking appliances and plate warmers skyrocketed to $X in 2022. The total export value increased at an average annual rate of +3.9% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth was the most pronounced in 2021 when exports increased by 41% against the previous year. The exports peaked in 2022 and are expected to retain growth in the immediate term.

Exports by Country

Singapore (X units), Malaysia (X units) and Oman (X units) were the main destinations of exports of iron or steel gas domestic cooking appliances and plate warmers from Indonesia, with a combined 48% share of total exports. Thailand, the United Arab Emirates, Belgium, Mauritius, Hong Kong SAR, the Philippines, Sri Lanka, Vietnam, Nigeria and the United States lagged somewhat behind, together comprising a further 29%.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Nigeria (with a CAGR of +80.6%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for iron or steel gas domestic cooking appliances and plate warmers exported from Indonesia were Malaysia ($X), Singapore ($X) and Oman ($X), with a combined 47% share of total exports. Thailand, the United Arab Emirates, Belgium, Hong Kong SAR, the Philippines, Mauritius, Vietnam, the United States, Nigeria and Sri Lanka lagged somewhat behind, together comprising a further 32%.

Nigeria, with a CAGR of +83.1%, saw the highest growth rate of the value of exports, in terms of 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

The average export price for iron or steel gas domestic cooking appliances and plate warmers stood at $X per unit in 2022, falling by -15.5% against the previous year. Over the period under review, the export price, however, saw slight growth. The pace of growth appeared the most rapid in 2017 when the average export price increased by 64% against the previous year. The export price peaked at $X per unit in 2021, and then dropped markedly in the following year.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Vietnam ($X per unit), while the average price for exports to Sri Lanka ($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 the United States (+3.0%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Iron or Steel Gas Domestic Cooking Appliances and Plate Warmers

Imports into Indonesia

In 2022, approx. X units of iron or steel gas domestic cooking appliances and plate warmers were imported into Indonesia; rising by 36% against 2021. In general, total imports indicated pronounced growth from 2012 to 2022: its volume increased at an average annual rate of +2.5% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports decreased by -13.3% against 2018 indices. The pace of growth appeared the most rapid in 2017 when imports increased by 44% against the previous year. Imports peaked at X units in 2018; however, from 2019 to 2022, imports failed to regain momentum.

In value terms, imports of iron or steel gas domestic cooking appliances and plate warmers soared to $X in 2022. Overall, imports posted a remarkable increase. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2022, China (X units) constituted the largest iron or steel gas domestic cooking appliances and plate warmers supplier to Indonesia, with a 78% share of total imports. Moreover, imports of iron or steel gas domestic cooking appliances and plate warmers from China exceeded the figures recorded by the second-largest supplier, the United States (X units), more than tenfold. Turkey (X units) ranked third in terms of total imports with a 4.1% share.

From 2012 to 2022, the average annual growth rate of volume from China amounted to +4.3%. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (+8.9% per year) and Turkey (-2.5% per year).

In value terms, China ($X) constituted the largest supplier of iron or steel gas domestic cooking appliances and plate warmers to Indonesia, comprising 82% of total imports. The second position in the ranking was taken by Turkey ($X), with a 3.3% share of total imports. It was followed by the United States, with a 2.8% share.

From 2012 to 2022, the average annual growth rate of value from China stood at +8.4%. The remaining supplying countries recorded the following average annual rates of imports growth: Turkey (-1.3% per year) and the United States (+8.0% per year).

Import Prices by Country

The average import price for iron or steel gas domestic cooking appliances and plate warmers stood at $X per unit in 2022, rising by 43% against the previous year. Over the last decade, it increased at an average annual rate of +3.4%. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+3.9%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform