Indonesia: Machinery For Packing Market 2024

Machinery For Packing Market Size in Indonesia

The Indonesian machinery for packing market was estimated at $X in 2022, leveling off at 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 slight growth from 2012 to 2022: its value increased at an average annual rate of +1.1% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption decreased by -17.2% against 2020 indices. As a result, consumption reached the peak level of $X. From 2015 to 2022, the growth of the market failed to regain momentum.

Machinery For Packing Exports

Exports from Indonesia

In 2022, the amount of machinery for packing or wrapping exported from Indonesia skyrocketed to X units, increasing by 278% compared with 2021 figures. Over the period under review, exports enjoyed a resilient increase. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

In value terms, machinery for packing exports soared to $X in 2022. In general, exports posted a significant expansion. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Exports by Country

Singapore (X units) was the main destination for machinery for packing exports from Indonesia, with a 38% share of total exports. Moreover, machinery for packing exports to Singapore exceeded the volume sent to the second major destination, the United Arab Emirates (X units), twofold. The third position in this ranking was taken by the Philippines (X units), with a 14% share.

From 2012 to 2022, the average annual growth rate of volume to Singapore amounted to +21.6%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United Arab Emirates (+19.8% per year) and the Philippines (+27.4% per year).

In value terms, Singapore ($X) remains the key foreign market for machinery for packing or wrapping exports from Indonesia, comprising 52% of total exports. The second position in the ranking was taken by the United Arab Emirates ($X), with a 16% share of total exports. It was followed by South Africa, with an 8.1% share.

From 2012 to 2022, the average annual growth rate of value to Singapore stood at +34.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United Arab Emirates (+23.4% per year) and South Africa (+80.0% per year).

Export Prices by Country

The average machinery for packing export price stood at $X per unit in 2022, rising by 3.7% against the previous year. In general, the export price showed strong growth. The most prominent rate of growth was recorded in 2017 an increase of 95% against the previous year. Over the period under review, the average export prices attained the peak figure at $X per unit in 2019; however, from 2020 to 2022, the export prices failed to regain momentum.

There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was South Africa ($X per unit), while the average price for exports to Taiwan (Chinese) ($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 South Africa (+18.9%), while the prices for the other major destinations experienced more modest paces of growth.

Machinery For Packing Imports

Imports into Indonesia

In 2022, supplies from abroad of machinery for packing or wrapping decreased by -5.7% to X units for the first time since 2017, thus ending a four-year rising trend. Over the period under review, total imports indicated a notable expansion from 2012 to 2022: its volume increased at an average annual rate of +3.3% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +27.5% against 2017 indices. The growth pace was the most rapid in 2014 when imports increased by 25% against the previous year. Over the period under review, imports attained the maximum at X units in 2015; however, from 2016 to 2022, imports failed to regain momentum.

In value terms, machinery for packing imports skyrocketed to $X in 2022. Overall, total imports indicated a notable increase from 2012 to 2022: its value 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. Imports peaked at $X in 2014; however, from 2015 to 2022, imports remained at a lower figure.

Imports by Country

In 2022, China (X units) constituted the largest supplier of machinery for packing to Indonesia, accounting for a 53% share of total imports. Moreover, machinery for packing imports from China exceeded the figures recorded by the second-largest supplier, Taiwan (Chinese) (X units), eightfold. South Korea (X units) ranked third in terms of total imports with a 5% share.

From 2012 to 2022, the average annual growth rate of volume from China amounted to +7.7%. The remaining supplying countries recorded the following average annual rates of imports growth: Taiwan (Chinese) (-1.3% per year) and South Korea (+9.1% per year).

In value terms, China ($X) constituted the largest supplier of machinery for packing or wrapping to Indonesia, comprising 21% of total imports. The second position in the ranking was taken by Japan ($X), with a 9.9% share of total imports. It was followed by Germany, with a 9.2% share.

From 2012 to 2022, the average annual growth rate of value from China amounted to +12.8%. The remaining supplying countries recorded the following average annual rates of imports growth: Japan (-1.6% per year) and Germany (-7.3% per year).

Import Prices by Country

In 2022, the average machinery for packing import price amounted to $X per unit, growing by 63% against the previous year. Overall, the import price, however, showed a relatively flat trend pattern. Over the period under review, average import prices reached the peak figure at $X per unit in 2014; however, from 2015 to 2022, import prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Germany ($X per unit), while the price for China ($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 (+4.8%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :