Indonesia: Magnetic Media Market 2025

Magnetic Media Market Size in Indonesia

In 2021, the Indonesian magnetic media market increased by 38% to $X for the first time since 2017, thus ending a three-year declining trend. Overall, consumption, however, continues to indicate a perceptible descent. Over the period under review, the market hit record highs at $X in 2017; however, from 2018 to 2021, consumption stood at a somewhat lower figure.

Magnetic Media Production in Indonesia

In value terms, magnetic media production soared to $X in 2021 estimated in export price. Overall, production saw a significant expansion. The most prominent rate of growth was recorded in 2017 with an increase of 4,479%. As a result, production reached the peak level of $X. From 2018 to 2021, production growth remained at a somewhat lower figure.

Magnetic Media Exports

Exports from Indonesia

For the ninth consecutive year, Indonesia recorded decline in overseas shipments of magnetic media, not recorded, except cards with a magnetic stripe, which decreased by -37.5% to X units in 2021. Overall, exports continue to indicate a significant contraction. The smallest decline of -5% was in 2016. The exports peaked at X units in 2012; however, from 2013 to 2021, the exports remained at a lower figure.

In value terms, magnetic media exports declined sharply to $X in 2021. Over the period under review, exports saw a sharp curtailment. The smallest decline of -4.8% was in 2016. Over the period under review, the exports hit record highs at $X in 2012; however, from 2013 to 2021, the exports remained at a lower figure.

Exports by Country

Japan (X units) was the main destination for magnetic media exports from Indonesia, accounting for a 73% share of total exports. Moreover, magnetic media exports to Japan exceeded the volume sent to the second major destination, the United States (X units), fourfold. The UK (X units) ranked third in terms of total exports with a 4.6% share.

From 2012 to 2021, the average annual growth rate of volume to Japan stood at -22.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United States (-19.8% per year) and the UK (+138.7% per year).

In value terms, Japan ($X) remains the key foreign market for magnetic media, not recorded, except cards with a magnetic stripe exports from Indonesia, comprising 54% of total exports. The second position in the ranking was taken by the UK ($X), with an 18% share of total exports. It was followed by the United States, with a 16% share.

From 2012 to 2021, the average annual growth rate of value to Japan totaled -20.7%. Exports to the other major destinations recorded the following average annual rates of exports growth: the UK (+123.5% per year) and the United States (-17.0% per year).

Export Prices by Country

In 2021, the average magnetic media export price amounted to $X per unit, increasing by 13% against the previous year. Over the last nine years, it increased at an average annual rate of +4.7%. The growth pace was the most rapid in 2020 when the average export price increased by 16% against the previous year. Over the period under review, the average export prices hit record highs in 2021 and is expected to retain growth in the near future.

There were significant differences in the average prices for the major overseas markets. In 2021, amid the top suppliers, the country with the highest price was Singapore ($X per unit), while the average price for exports to the Netherlands ($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 the United Arab Emirates (+32.4%), while the prices for the other major destinations experienced more modest paces of growth.

Magnetic Media Imports

Imports into Indonesia

In 2021, overseas purchases of magnetic media, not recorded, except cards with a magnetic stripe increased by 38% to X units, rising for the second year in a row after seven years of decline. Over the period under review, imports, however, faced a precipitous curtailment. Imports peaked at X units in 2012; however, from 2013 to 2021, imports stood at a somewhat lower figure.

In value terms, magnetic media imports soared to $X in 2021. In general, imports, however, continue to indicate a slight downturn. The pace of growth appeared the most rapid in 2017 when imports increased by 103% against the previous year. Over the period under review, imports attained the maximum at $X in 2012; however, from 2013 to 2021, imports remained at a lower figure.

Imports by Country

In 2021, China (X units) constituted the largest supplier of magnetic media to Indonesia, accounting for a 48% share of total imports. Moreover, magnetic media imports from China exceeded the figures recorded by the second-largest supplier, the Philippines (X units), threefold. The third position in this ranking was taken by Japan (X units), with an 11% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from China amounted to -28.1%. The remaining supplying countries recorded the following average annual rates of imports growth: the Philippines (-30.4% per year) and Japan (-35.9% per year).

In value terms, China ($X) constituted the largest supplier of magnetic media, not recorded, except cards with a magnetic stripe to Indonesia, comprising 48% of total imports. The second position in the ranking was taken by the Philippines ($X), with a 15% share of total imports. It was followed by Japan, with an 11% share.

From 2012 to 2021, the average annual rate of growth in terms of value from China totaled +3.0%. The remaining supplying countries recorded the following average annual rates of imports growth: the Philippines (-0.2% per year) and Japan (-1.6% per year).

Import Prices by Country

In 2021, the average magnetic media import price amounted to $X per unit, with an increase of 16% against the previous year. Over the period under review, the import price posted a significant expansion. The pace of growth appeared the most rapid in 2017 an increase of 296%. The import price peaked in 2021 and is likely to see gradual growth in the near future.

Average prices varied noticeably amongst the major supplying countries. In 2021, amid the top importers, the highest price was recorded for prices from South Korea ($X per unit) and the Philippines ($X per unit), while the price for China ($X per unit) and Singapore ($X per unit) were amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by South Korea (+64.0%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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