Indonesia: Natural Stone Sett Market 2024

Natural Stone Sett Market Size in Indonesia

The Indonesian natural stone sett market contracted to $X in 2022, declining by -1.5% against the previous year. Overall, the total consumption indicated a measured increase from 2012 to 2022: its value increased at an average annual rate of +4.7% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption increased by +1.4% against 2020 indices. Natural stone sett consumption peaked at $X in 2019; however, from 2020 to 2022, consumption remained at a lower figure.

Natural Stone Sett Production in Indonesia

In value terms, natural stone sett production reduced modestly to $X in 2022 estimated in export price. Over the period under review, the total production indicated a moderate expansion from 2012 to 2022: its value increased at an average annual rate of +4.7% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production decreased by -4.0% against 2019 indices. The pace of growth was the most pronounced in 2016 when the production volume increased by 26% against the previous year. Over the period under review, production attained the maximum level at $X in 2019; however, from 2020 to 2022, production remained at a lower figure.

Natural Stone Sett Exports

Exports from Indonesia

In 2022, the amount of natural stone setts, kerbstones and flagstones exported from Indonesia rose to X tons, surging by 3.3% on the previous year. Over the period under review, exports saw moderate growth. The pace of growth was the most pronounced in 2013 when exports increased by 516% against the previous year. As a result, the exports attained the peak of X tons. From 2014 to 2022, the growth of the exports remained at a somewhat lower figure.

In value terms, natural stone sett exports declined modestly to $X in 2022. In general, exports recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2013 with an increase of 155%. As a result, the exports reached the peak of $X. From 2014 to 2022, the growth of the exports remained at a somewhat lower figure.

Exports by Country

Brazil (X tons), Argentina (X tons) and Spain (X tons) were the main destinations of natural stone sett exports from Indonesia, with a combined 41% share of total exports.

From 2012 to 2022, the biggest increases were recorded for Argentina (with a CAGR of +123.6%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for natural stone sett exported from Indonesia were Brazil ($X), Argentina ($X) and Spain ($X), with a combined 37% share of total exports.

Argentina, with a CAGR of +100.3%, recorded the highest rates of growth with regard to 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

In 2022, the average natural stone sett export price amounted to $X per ton, reducing by -7.9% against the previous year. Overall, the export price saw a pronounced setback. The most prominent rate of growth was recorded in 2015 when the average export price increased by 71%. Over the period under review, the average export prices hit record highs at $X per ton in 2012; however, from 2013 to 2022, the export prices remained at a lower figure.

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 the United Arab Emirates ($X per ton), while the average price for exports to Taiwan (Chinese) ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to South Korea (+4.4%), while the prices for the other major destinations experienced more modest paces of growth.

Natural Stone Sett Imports

Imports into Indonesia

In 2022, natural stone sett imports into Indonesia dropped remarkably to X tons, shrinking by -43.2% compared with the previous year. Over the period under review, imports faced a deep contraction. The most prominent rate of growth was recorded in 2014 with an increase of 1,220% against the previous year. As a result, imports attained the peak of X tons. From 2015 to 2022, the growth of imports remained at a lower figure.

In value terms, natural stone sett imports contracted markedly to $X in 2022. Overall, imports showed a deep contraction. The growth pace was the most rapid in 2014 when imports increased by 687% against the previous year. As a result, imports attained the peak of $X. From 2015 to 2022, the growth of imports remained at a somewhat lower figure.

Imports by Country

In 2022, Italy (X tons) constituted the largest supplier of natural stone sett to Indonesia, accounting for a 78% share of total imports. Moreover, natural stone sett imports from Italy exceeded the figures recorded by the second-largest supplier, China (X tons), fourfold.

From 2012 to 2022, the average annual rate of growth in terms of volume from Italy amounted to -46.6%.

In value terms, Italy ($X) constituted the largest supplier of natural stone setts, kerbstones and flagstones to Indonesia, comprising 79% of total imports. The second position in the ranking was taken by China ($X), with a 21% share of total imports.

From 2012 to 2022, the average annual rate of growth in terms of value from Italy stood at -35.4%.

Import Prices by Country

In 2022, the average natural stone sett import price amounted to $X per ton, surging by 42% against the previous year. Over the period under review, the import price saw resilient growth. The growth pace was the most rapid in 2017 an increase of 216% against the previous year. As a result, import price attained the peak level of $X per ton. From 2018 to 2022, the average import prices remained at a somewhat lower figure.

Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Italy ($X per ton), while the price for China totaled $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Italy (+21.0%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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