Indonesia: Public Works Machinery Market 2024

Public Works Machinery Market Size in Indonesia

In 2021, the Indonesian public works machinery market decreased by -27.3% to $X, falling for the third year in a row after four years of growth. Overall, consumption continues to indicate a relatively flat trend pattern. Over the period under review, the market attained the peak level at $X in 2018; however, from 2019 to 2021, consumption failed to regain momentum.

Public Works Machinery Exports

Exports from Indonesia

In 2021, the amount of machinery for public works and building exported from Indonesia soared to X units, jumping by 310% on the year before. In general, exports saw a significant increase. The most prominent rate of growth was recorded in 2014 with an increase of 360%. Over the period under review, the exports attained the maximum in 2021 and are likely to see steady growth in the near future.

In value terms, public works machinery exports soared to $X in 2021. Over the period under review, exports enjoyed a strong expansion. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

The UK (X units) was the main destination for public works machinery exports from Indonesia, accounting for a 46% share of total exports. Moreover, public works machinery exports to the UK exceeded the volume sent to the second major destination, Germany (X units), twofold. The third position in this ranking was held by Brunei Darussalam (X units), with a 5.6% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to the UK stood at +74.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: Germany (+59.8% per year) and Brunei Darussalam (+37.9% per year).

In value terms, Germany ($X), Singapore ($X) and Sri Lanka ($X) appeared to be the largest markets for public works machinery exported from Indonesia worldwide, together comprising 54% of total exports. South Korea, the UK, Brunei Darussalam, China, Bahrain, Nigeria, Thailand, the Philippines and Cambodia lagged somewhat behind, together comprising a further 36%.

In terms of the main countries of destination, South Korea, with a CAGR of +128.4%, saw the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average public works machinery export price stood at $X per unit in 2021, growing by 2.1% against the previous year. In general, the export price, however, continues to indicate a abrupt slump. The pace of growth was the most pronounced in 2017 when the average export price increased by 54%. The export price peaked at $X per unit in 2012; however, from 2013 to 2021, the export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was South Korea ($X per unit), while the average price for exports to Cambodia ($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 Brunei Darussalam (+28.9%), while the prices for the other major destinations experienced more modest paces of growth.

Public Works Machinery Imports

Imports into Indonesia

In 2021, overseas purchases of machinery for public works and building decreased by -24% to X units, falling for the third year in a row after four years of growth. Over the period under review, imports, however, posted a modest increase. The growth pace was the most rapid in 2018 with an increase of 78%. As a result, imports attained the peak of X units. From 2019 to 2021, the growth of imports remained at a somewhat lower figure.

In value terms, public works machinery imports dropped to $X in 2021. Overall, imports, however, saw a mild increase. The most prominent rate of growth was recorded in 2017 with an increase of 138% against the previous year. Over the period under review, imports hit record highs at $X in 2018; however, from 2019 to 2021, imports stood at a somewhat lower figure.

Imports by Country

China (X units), Singapore (X units) and Japan (X units) were the main suppliers of public works machinery imports to Indonesia, with a combined 81% share of total imports.

From 2012 to 2021, the biggest increases were recorded for Japan (with a CAGR of +20.9%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, China ($X) constituted the largest supplier of machinery for public works and building to Indonesia, comprising 36% of total imports. The second position in the ranking was taken by Japan ($X), with a 16% share of total imports. It was followed by Germany, with a 13% share.

From 2012 to 2021, the average annual growth rate of value from China totaled +13.1%. The remaining supplying countries recorded the following average annual rates of imports growth: Japan (+4.0% per year) and Germany (+5.0% per year).

Import Prices by Country

The average public works machinery import price stood at $X per unit in 2021, rising by 21% against the previous year. Overall, the import price, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2019 an increase of 39%. The import price peaked at $X per unit in 2014; however, from 2015 to 2021, import prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was China ($X per unit), while the price for Singapore ($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 (+8.5%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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