Indonesia: Market for Machine-Tools For Working Wood 2024

Market Size for Machine-Tools For Working Wood in Indonesia

The Indonesian machine-tool for working wood market soared to $X in 2021, with an increase of 32% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Overall, the total consumption indicated modest growth from 2012 to 2021: its value increased at an average annual rate of +1.3% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption decreased by -33.5% against 2019 indices. Machine-tool for working wood consumption peaked at $X in 2019; however, from 2020 to 2021, consumption failed to regain momentum.

Exports of Machine-Tools For Working Wood

Exports from Indonesia

After two years of growth, overseas shipments of machine-tools for working wood decreased by -43.5% to X tons in 2021. Over the period under review, exports saw a drastic downturn. The pace of growth appeared the most rapid in 2014 with an increase of 133%. As a result, the exports attained the peak of X tons. From 2015 to 2021, the growth of the exports remained at a lower figure.

In value terms, machine-tool for working wood exports contracted remarkably to $X in 2021. Overall, exports saw a abrupt decrease. The pace of growth was the most pronounced in 2020 with an increase of 83% 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 remained at a lower figure.

Exports by Country

Japan (X tons), Malaysia (X tons) and the Netherlands (X tons) were the main destinations of machine-tool for working wood exports from Indonesia, together accounting for 70% of total exports. These countries were followed by China, South Korea, Singapore, India, Taiwan (Chinese), Mexico, New Zealand, Bangladesh, Vietnam and Thailand, which together accounted for a further 25%.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Mexico (with a CAGR of +195.2%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for machine-tool for working wood exported from Indonesia were Singapore ($X), Japan ($X) and Malaysia ($X), together comprising 66% of total exports. These countries were followed by India, the Netherlands, Bangladesh, China, Taiwan (Chinese), Vietnam, South Korea, New Zealand, Mexico and Thailand, which together accounted for a further 25%.

Mexico, with a CAGR of +94.1%, recorded 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 machine-tool for working wood export price stood at $X per ton in 2021, waning by -24.2% against the previous year. Over the period under review, the export price saw a slight contraction. The pace of growth appeared the most rapid in 2018 an increase of 71% against the previous year. The export price peaked at $X per ton in 2020, and then shrank dramatically in the following year.

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 ($X per ton), while the average price for exports to the Netherlands ($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 Vietnam (+37.9%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Machine-Tools For Working Wood

Imports into Indonesia

Machine-tool for working wood imports into Indonesia surged to X tons in 2021, rising by 28% against the year before. Overall, imports posted a tangible increase. The pace of growth appeared the most rapid in 2018 with an increase of 51% against the previous year. Imports peaked at X tons in 2016; however, from 2017 to 2021, imports stood at a somewhat lower figure.

In value terms, machine-tool for working wood imports skyrocketed to $X in 2021. In general, imports recorded a relatively flat trend pattern. The growth pace was the most rapid in 2015 when imports increased by 55%. As a result, imports attained the peak of $X. From 2016 to 2021, the growth of imports remained at a somewhat lower figure.

Imports by Country

In 2021, China (X tons) constituted the largest machine-tool for working wood supplier to Indonesia, accounting for a 82% share of total imports. Moreover, machine-tool for working wood imports from China exceeded the figures recorded by the second-largest supplier, Taiwan (Chinese) (X tons), more than tenfold. The third position in this ranking was taken by Italy (X tons), with a 1.7% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from China amounted to +5.1%. The remaining supplying countries recorded the following average annual rates of imports growth: Taiwan (Chinese) (-6.5% per year) and Italy (+2.1% per year).

In value terms, China ($X) constituted the largest supplier of machine-tools for working wood to Indonesia, comprising 55% of total imports. The second position in the ranking was held by Taiwan (Chinese) ($X), with an 11% share of total imports. It was followed by Italy, with a 7% share.

From 2012 to 2021, the average annual rate of growth in terms of value from China totaled +7.4%. The remaining supplying countries recorded the following average annual rates of imports growth: Taiwan (Chinese) (-4.3% per year) and Italy (+7.5% per year).

Import Prices by Country

In 2021, the average machine-tool for working wood import price amounted to $X per ton, growing by 2.3% against the previous year. In general, the import price, however, recorded a perceptible contraction. The pace of growth appeared the most rapid in 2017 an increase of 50%. Over the period under review, average import prices hit record highs at $X per ton in 2012; however, from 2013 to 2021, import prices stood at a somewhat lower figure.

Prices varied noticeably by country of origin: 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 Italy (+5.3%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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