Indonesia: Non-Domestic Dryer Market 2024

Non-Domestic Dryer Market Size in Indonesia

After three years of decline, the Indonesian non-domestic dryer market increased by 9% to $X in 2021. Overall, consumption recorded a pronounced shrinkage. Over the period under review, the market hit record highs at $X in 2012; however, from 2013 to 2021, consumption remained at a lower figure.

Non-Domestic Dryer Production in Indonesia

In value terms, non-domestic dryer production skyrocketed to $X in 2021 estimated in export price. In general, production, however, continues to indicate a noticeable slump. The most prominent rate of growth was recorded in 2014 with an increase of 248%. Over the period under review, production reached the peak level at $X in 2015; however, from 2016 to 2021, production remained at a lower figure.

Non-Domestic Dryer Exports

Exports from Indonesia

After two years of decline, shipments abroad of non-domestic dryers increased by 103% to X units in 2021. Over the period under review, exports saw a tangible expansion. The most prominent rate of growth was recorded in 2013 when exports increased by 140%. The exports peaked at X units in 2014; however, from 2015 to 2021, the exports failed to regain momentum.

In value terms, non-domestic dryer exports surged to $X in 2021. Overall, exports recorded a buoyant expansion. The exports peaked at $X in 2015; however, from 2016 to 2021, the exports remained at a lower figure.

Exports by Country

China (X units) was the main destination for non-domestic dryer exports from Indonesia, with a 48% share of total exports. Moreover, non-domestic dryer exports to China exceeded the volume sent to the second major destination, Malaysia (X units), threefold. The third position in this ranking was held by the Netherlands (X units), with a 9.9% share.

From 2012 to 2021, the average annual growth rate of volume to China amounted to +12.9%. Exports to the other major destinations recorded the following average annual rates of exports growth: Malaysia (+45.5% per year) and the Netherlands (+1.9% per year).

In value terms, China ($X), Malaysia ($X) and the Netherlands ($X) appeared to be the largest markets for non-domestic dryer exported from Indonesia worldwide, together accounting for 72% of total exports.

Malaysia, with a CAGR of +54.4%, 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 non-domestic dryer export price stood at $X per unit in 2021, increasing by 10% against the previous year. In general, the export price continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2015 an increase of 110% against the previous year. The export price peaked in 2021 and is likely to see steady growth in the immediate term.

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 India ($X per unit), while the average price for exports to South Korea ($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 Russia (+25.9%), while the prices for the other major destinations experienced more modest paces of growth.

Non-Domestic Dryer Imports

Imports into Indonesia

In 2021, the amount of non-domestic dryers imported into Indonesia dropped notably to X units, reducing by -22% against 2020. In general, imports recorded a pronounced setback. The pace of growth appeared the most rapid in 2020 when imports increased by 51%. Imports peaked at X units in 2012; however, from 2013 to 2021, imports failed to regain momentum.

In value terms, non-domestic dryer imports contracted slightly to $X in 2021. Over the period under review, imports saw a pronounced downturn. The growth pace was the most rapid in 2017 when imports increased by 23%. Over the period under review, imports hit record highs at $X in 2012; however, from 2013 to 2021, imports failed to regain momentum.

Imports by Country

In 2021, China (X units) constituted the largest supplier of non-domestic dryer to Indonesia, with a 85% share of total imports. Moreover, non-domestic dryer imports from China exceeded the figures recorded by the second-largest supplier, India (X units), more than tenfold. The third position in this ranking was held by Germany (X units), with a 2.5% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from China amounted to +2.2%. The remaining supplying countries recorded the following average annual rates of imports growth: India (-3.4% per year) and Germany (-12.2% per year).

In value terms, China ($X) constituted the largest supplier of non-domestic dryers to Indonesia, comprising 65% of total imports. The second position in the ranking was taken by Germany ($X), with an 8.7% share of total imports. It was followed by Italy, with a 5.5% share.

From 2012 to 2021, the average annual rate of growth in terms of value from China amounted to +5.1%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (-11.8% per year) and Italy (+4.7% per year).

Import Prices by Country

In 2021, the average non-domestic dryer import price amounted to $X per unit, increasing by 28% against the previous year. In general, the import price, however, saw a mild downturn. The growth pace was the most rapid in 2017 an increase of 30% against the previous year. Over the period under review, average import prices reached the maximum at $X per unit in 2019; however, from 2020 to 2021, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major supplying countries. In 2021, amid the top importers, the country with the highest price was Japan ($X per unit), while the price for China ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Malaysia (+10.2%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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