Indonesia: Market for Machine Tools For Working Metal 2024

Market Size for Machine Tools For Working Metal in Indonesia

In 2021, the Indonesian machine-tool for working metal market decreased by -29.3% to $X, falling for the second consecutive year after two years of growth. Overall, consumption continues to indicate a abrupt slump. As a result, consumption reached the peak level of $X. From 2014 to 2021, the growth of the market failed to regain momentum.

Exports of Machine Tools For Working Metal

Exports from Indonesia

In 2021, approx. X units of machine tools for working metal were exported from Indonesia; dropping by -24.2% compared with 2020. In general, exports faced a abrupt shrinkage. The most prominent rate of growth was recorded in 2016 with an increase of 263%. Over the period under review, the exports attained the peak figure at X units in 2013; however, from 2014 to 2021, the exports remained at a lower figure.

In value terms, machine-tool for working metal exports expanded significantly to $X in 2021. Over the period under review, exports showed a abrupt shrinkage. The most prominent rate of growth was recorded in 2016 with an increase of 175% against the previous year. Over the period under review, the exports attained the peak figure at $X in 2014; however, from 2015 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

Singapore (X units), Taiwan (Chinese) (X units) and China (X units) were the main destinations of machine-tool for working metal exports from Indonesia, together accounting for 54% of total exports. These countries were followed by the United States, Mauritius, India, the Netherlands, Vietnam, Malaysia and Thailand, which together accounted for a further 35%.

From 2012 to 2021, the biggest increases were recorded for the United States (with a CAGR of +48.8%), while shipments for the other leaders experienced mixed trend patterns.

In value terms, Singapore ($X) remains the key foreign market for machine tools for working metal exports from Indonesia, comprising 35% of total exports. The second position in the ranking was taken by China ($X), with a 13% share of total exports. It was followed by Mauritius, with an 11% share.

From 2012 to 2021, the average annual growth rate of value to Singapore stood at -1.8%. Exports to the other major destinations recorded the following average annual rates of exports growth: China (+2.0% per year) and Mauritius (-14.8% per year).

Export Prices by Country

The average machine-tool for working metal export price stood at $X per unit in 2021, increasing by 49% against the previous year. Over the period under review, the export price recorded resilient growth. The most prominent rate of growth was recorded in 2018 when the average export price increased by 113% 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 foreign markets. In 2021, the country with the highest price was Thailand ($X per unit), while the average price for exports to Taiwan (Chinese) ($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 Thailand (+42.8%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Machine Tools For Working Metal

Imports into Indonesia

After two years of growth, purchases abroad of machine tools for working metal decreased by -35.2% to X units in 2021. In general, imports saw a sharp decrease. The most prominent rate of growth was recorded in 2020 when imports increased by 30%. Over the period under review, imports attained the peak figure at X units in 2013; however, from 2014 to 2021, imports stood at a somewhat lower figure.

In value terms, machine-tool for working metal imports dropped remarkably to $X in 2021. Over the period under review, imports faced a abrupt contraction. The most prominent rate of growth was recorded in 2019 when imports increased by 18% against the previous year. Over the period under review, imports attained the peak figure at $X in 2013; however, from 2014 to 2021, imports remained at a lower figure.

Imports by Country

Vietnam (X units), China (X units) and South Korea (X units) were the main suppliers of machine-tool for working metal imports to Indonesia, together accounting for 61% of total imports.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Vietnam (with a CAGR of +10.0%), while imports for the other leaders experienced a decline.

In value terms, the largest machine-tool for working metal suppliers to Indonesia were China ($X), South Korea ($X) and Japan ($X), with a combined 68% share of total imports. These countries were followed by Taiwan (Chinese), Singapore, Vietnam, Malaysia and Germany, which together accounted for a further 25%.

Among the main suppliers, Vietnam, with a CAGR of +5.0%, recorded the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced mixed trend patterns.

Import Prices by Country

The average machine-tool for working metal import price stood at $X per unit in 2021, jumping by 19% against the previous year. Over the period under review, the import price showed a strong increase. The pace of growth was the most pronounced in 2017 an increase of 120% against the previous year. Over the period under review, average import prices attained the peak figure at $X per unit in 2019; however, from 2020 to 2021, import prices remained at a lower figure.

Prices varied noticeably country of origin: the country with the highest price was Japan ($X per unit), while the price for Vietnam ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by China (+23.3%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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