Indonesia: Market for Lathes For Removing Metal 2024

Market Size for Lathes For Removing Metal in Indonesia

In 2021, the Indonesian lathe for removing metal market decreased by -31.1% to $X, falling for the second consecutive year after two years of growth. In general, consumption continues to indicate a deep reduction. Lathe for removing metal consumption peaked at $X in 2014; however, from 2015 to 2021, consumption failed to regain momentum.

Exports of Lathes For Removing Metal

Exports from Indonesia

In 2021, shipments abroad of lathes for removing metal decreased by -86.8% to X units for the first time since 2018, thus ending a two-year rising trend. Over the period under review, exports continue to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2020 with an increase of 582%. As a result, the exports reached the peak of X units, and then shrank dramatically in the following year.

In value terms, lathe for removing metal exports skyrocketed to $X in 2021. In general, exports, however, enjoyed resilient growth. The most prominent rate of growth was recorded in 2015 with an increase of 511% against the previous year. The exports peaked in 2021 and are likely to see gradual growth in the immediate term.

Exports by Country

Thailand (X units), Saudi Arabia (X units) and Vietnam (X units) were the main destinations of lathe for removing metal exports from Indonesia, together accounting for 38% of total exports. These countries were followed by Mexico, Italy, Taiwan (Chinese), the United Arab Emirates, Malaysia, India, South Korea, China, Australia and Hong Kong SAR, which together accounted for a further 55%.

From 2012 to 2021, the biggest increases were recorded for Mexico (with a CAGR of +81.7%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Thailand ($X), Vietnam ($X) and Mexico ($X) appeared to be the largest markets for lathe for removing metal exported from Indonesia worldwide, together accounting for 41% of total exports.

Mexico, with a CAGR of +250.1%, 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

The average lathe for removing metal export price stood at $X per unit in 2021, increasing by 1,071% against the previous year. Overall, the export price showed prominent growth. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices for the major foreign markets. In 2021, amid the top suppliers, the country with the highest price was India ($X per unit), while the average price for exports to Hong Kong SAR ($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 (+89.7%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Lathes For Removing Metal

Imports into Indonesia

In 2021, after three years of growth, there was significant decline in purchases abroad of lathes for removing metal, when their volume decreased by -57.8% to X units. Overall, imports faced a abrupt slump. The most prominent rate of growth was recorded in 2018 with an increase of 36% against the previous year. Over the period under review, lafor removing metal imports hit record highs at X units in 2014; however, from 2015 to 2021, imports remained at a lower figure.

In value terms, lathe for removing metal imports amounted to $X in 2021. In general, imports saw a abrupt curtailment. The most prominent rate of growth was recorded in 2018 with an increase of 47% against the previous year. Over the period under review, lafor removing metal imports attained the peak figure at $X in 2012; however, from 2013 to 2021, imports stood at a somewhat lower figure.

Imports by Country

In 2021, China (X units) constituted the largest supplier of lathe for removing metal to Indonesia, accounting for a 46% share of total imports. Moreover, lathe for removing metal imports from China exceeded the figures recorded by the second-largest supplier, Taiwan (Chinese) (X units), threefold. The third position in this ranking was held by Japan (X units), with a 13% share.

From 2012 to 2021, the average annual growth rate of volume from China totaled -8.7%. The remaining supplying countries recorded the following average annual rates of imports growth: Taiwan (Chinese) (-21.7% per year) and Japan (-12.6% per year).

In value terms, the largest lathe for removing metal suppliers to Indonesia were Japan ($X), Germany ($X) and China ($X), together accounting for 63% of total imports.

Germany, with a CAGR of +18.9%, recorded 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 lathe for removing metal import price stood at $X per unit in 2021, picking up by 147% against the previous year. Overall, the import price, however, showed a relatively flat trend pattern. Over the period under review, average import prices attained the peak figure at $X per unit in 2012; however, from 2013 to 2021, import prices failed to regain momentum.

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 ($X per unit), while the price for China ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Singapore (+6.4%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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