Indonesia: Market for Machine-Tools For Working Any Material By Removal Of Material 2024

Market Size for Machine-Tools For Working Any Material By Removal Of Material in Indonesia

In 2021, the Indonesian machine-tool for removing material market increased by 23% to $X for the first time since 2018, thus ending a two-year declining trend. In general, consumption saw a relatively flat trend pattern. Over the period under review, the market attained the maximum level at $X in 2018; however, from 2019 to 2021, consumption remained at a lower figure.

Exports of Machine-Tools For Working Any Material By Removal Of Material

Exports from Indonesia

After two years of growth, shipments abroad of machine-tools for working any material by removal of material decreased by -64.7% to X units in 2021. Over the period under review, exports, however, recorded a mild increase. The growth pace was the most rapid in 2015 when exports increased by 156%. As a result, the exports reached the peak of X units. From 2016 to 2021, the growth of the exports remained at a somewhat lower figure.

In value terms, machine-tool for removing material exports soared to $X in 2021. In general, exports, however, recorded buoyant growth. The most prominent rate of growth was recorded in 2015 with an increase of 152%. As a result, the exports attained the peak of $X. From 2016 to 2021, the growth of the exports remained at a lower figure.

Exports by Country

South Korea (X units), Singapore (X units) and Japan (X units) were the main destinations of machine-tool for removing material exports from Indonesia, with a combined 92% share of total exports.

From 2012 to 2021, the biggest increases were recorded for South Korea (with a CAGR of +19.6%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Singapore ($X) remains the key foreign market for machine-tools for working any material by removal of material exports from Indonesia, comprising 64% of total exports. The second position in the ranking was held by South Korea ($X), with an 11% share of total exports.

From 2012 to 2021, the average annual rate of growth in terms of value to Singapore totaled +15.6%. Exports to the other major destinations recorded the following average annual rates of exports growth: South Korea (+11.7% per year) and Japan (+5.1% per year).

Export Prices by Country

In 2021, the average machine-tool for removing material export price amounted to $X per unit, rising by 269% against the previous year. Over the period under review, the export price recorded resilient 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 export markets. In 2021, amid the top suppliers, the country with the highest price was Singapore ($X per unit), while the average price for exports to South Korea ($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 Singapore (+13.5%), while the prices for the other major destinations experienced mixed trend patterns.

Imports of Machine-Tools For Working Any Material By Removal Of Material

Imports into Indonesia

In 2021, imports of machine-tools for working any material by removal of material into Indonesia soared to X units, with an increase of 44% against the previous year. Overall, total imports indicated a perceptible expansion from 2012 to 2021: its volume increased at an average annual rate of +4.8% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, machine-tool for removing material imports expanded remarkably to $X in 2021. Over the period under review, imports, however, recorded a relatively flat trend pattern. The growth pace was the most rapid in 2018 when imports increased by 23% against the previous year. As a result, imports reached the peak of $X. From 2019 to 2021, the growth of imports remained at a somewhat lower figure.

Imports by Country

In 2021, China (X units) constituted the largest machine-tool for removing material supplier to Indonesia, accounting for a 49% share of total imports. Moreover, machine-tool for removing material imports from China exceeded the figures recorded by the second-largest supplier, Japan (X units), fourfold. Germany (X units) ranked third in terms of total imports with an 8.9% share.

From 2012 to 2021, the average annual growth rate of volume from China stood at +18.2%. The remaining supplying countries recorded the following average annual rates of imports growth: Japan (-1.3% per year) and Germany (-1.0% per year).

In value terms, China ($X) constituted the largest supplier of machine-tools for working any material by removal of material to Indonesia, comprising 46% of total imports. The second position in the ranking was held by Japan ($X), with a 16% share of total imports. It was followed by Germany, with an 8.2% share.

From 2012 to 2021, the average annual growth rate of value from China stood at +11.9%. The remaining supplying countries recorded the following average annual rates of imports growth: Japan (-3.5% per year) and Germany (-8.3% per year).

Import Prices by Country

The average machine-tool for removing material import price stood at $X per unit in 2021, which is down by -22.4% against the previous year. Over the period under review, the import price saw a abrupt setback. The most prominent rate of growth was recorded in 2018 an increase of 33%. As a result, import price attained the peak level of $X per unit. From 2019 to 2021, the average import prices remained at a somewhat lower figure.

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 Thailand ($X per unit), while the price for Germany ($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 (-1.2%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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