Indonesia: Market for Non-Numerically Controlled Sharpening Machines For Working Metal 2024

Market Size for Non-Numerically Controlled Sharpening Machines For Working Metal in Indonesia

The Indonesian non-numerically controlled sharpening machine market surged to $X in 2022, jumping by 16% against 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). In general, consumption, however, saw a noticeable descent. Non-numerically controlled sharpening machine consumption peaked at $X in 2017; however, from 2018 to 2022, consumption failed to regain momentum.

Exports of Non-Numerically Controlled Sharpening Machines For Working Metal

Exports from Indonesia

In 2022, the amount of non-numerically controlled sharpening machines for working metal exported from Indonesia contracted notably to X units, which is down by -58.7% against the previous year. In general, exports, however, continue to indicate a modest expansion. The most prominent rate of growth was recorded in 2019 with an increase of 1,563%. As a result, the exports attained the peak of X units. From 2020 to 2022, the growth of the exports remained at a lower figure.

In value terms, non-numerically controlled sharpening machine exports fell sharply to $X in 2022. Over the period under review, exports recorded a noticeable slump. The most prominent rate of growth was recorded in 2021 when exports increased by 14,916%. The exports peaked at $X in 2014; however, from 2015 to 2022, the exports failed to regain momentum.

Exports by Country

Japan (X units), Malaysia (X units) and Timor-Leste (X units) were the main destinations of non-numerically controlled sharpening machine exports from Indonesia, together accounting for 81% of total exports.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Japan (with a CAGR of +29.2%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for non-numerically controlled sharpening machine exported from Indonesia were Malaysia ($X), Japan ($X) and Timor-Leste ($X), with a combined 92% share of total exports.

In terms of the main countries of destination, Timor-Leste, with a CAGR of +41.0%, recorded the highest rates of growth with regard to 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 non-numerically controlled sharpening machine export price stood at $X per unit in 2022, jumping by 22% against the previous year. In general, the export price, however, showed a perceptible setback. The pace of growth appeared the most rapid in 2021 an increase of 1,902%. Over the period under review, the average export prices reached the maximum at $X per unit in 2012; however, from 2013 to 2022, the export prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Malaysia ($X per unit), while the average price for exports to Brunei Darussalam ($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 Timor-Leste (+26.4%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Non-Numerically Controlled Sharpening Machines For Working Metal

Imports into Indonesia

In 2022, approx. X units of non-numerically controlled sharpening machines for working metal were imported into Indonesia; jumping by 38% compared with the previous year. Overall, imports saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2016 with an increase of 56%. Over the period under review, imports hit record highs at X units in 2017; however, from 2018 to 2022, imports remained at a lower figure.

In value terms, non-numerically controlled sharpening machine imports reduced notably to $X in 2022. In general, imports, however, continue to indicate a deep downturn. The most prominent rate of growth was recorded in 2016 when imports increased by 45% against the previous year. Over the period under review, imports hit record highs at $X in 2019; however, from 2020 to 2022, imports remained at a lower figure.

Imports by Country

China (X units), Singapore (X units) and the United States (X units) were the main suppliers of non-numerically controlled sharpening machine imports to Indonesia, together comprising 29% of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by the United States (with a CAGR of +56.7%), while imports for the other leaders experienced more modest paces of growth.

In value terms, China ($X), Japan ($X) and Denmark ($X) appeared to be the largest non-numerically controlled sharpening machine suppliers to Indonesia, with a combined 62% share of total imports. Taiwan (Chinese), Singapore, Australia, the United States and Germany lagged somewhat behind, together comprising a further 19%.

The United States, with a CAGR of +41.4%, recorded the highest rates of growth with regard to the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the average non-numerically controlled sharpening machine import price amounted to $X per unit, falling by -72.2% against the previous year. In general, the import price showed a drastic downturn. The pace of growth appeared the most rapid in 2013 an increase of 7.2% against the previous year. The import price peaked at $X per unit in 2014; however, from 2015 to 2022, import prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Denmark ($X per unit), while the price for the United States ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Germany (+7.8%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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