Indonesia: Market for Numerically Controlled Drilling Machines For Working Metal 2024

Market Size for Numerically Controlled Drilling Machines For Working Metal in Indonesia

In 2021, the Indonesian numerically controlled drilling machine market decreased by -21.1% to $X, falling for the second year in a row after two years of growth. Overall, consumption, however, recorded a deep slump. Over the period under review, the market hit record highs at $X in 2012; however, from 2013 to 2021, consumption failed to regain momentum.

Exports of Numerically Controlled Drilling Machines For Working Metal

Exports from Indonesia

In 2021, overseas shipments of numerically controlled drilling machines for working metal decreased by -36.6% to X tons for the first time since 2018, thus ending a two-year rising trend. In general, exports, however, continue to indicate a significant increase. The most prominent rate of growth was recorded in 2019 with an increase of 1,550%. Over the period under review, the exports attained the maximum at X tons in 2020, and then shrank markedly in the following year.

In value terms, numerically controlled drilling machine exports declined significantly to $X in 2021. Overall, exports, however, posted a buoyant increase. The most prominent rate of growth was recorded in 2019 when exports increased by 837%. The exports peaked at $X in 2020, and then dropped markedly in the following year.

Exports by Country

Thailand (X tons) was the main destination for numerically controlled drilling machine exports from Indonesia, with a 91% share of total exports. Moreover, numerically controlled drilling machine exports to Thailand exceeded the volume sent to the second major destination, Finland (X tons), more than tenfold.

From 2012 to 2021, the average annual rate of growth in terms of volume to Thailand stood at +96.6%. Exports to the other major destinations recorded the following average annual rates of exports growth: Finland (0.0% per year) and Singapore (-24.5% per year).

In value terms, Thailand ($X), Finland ($X) and Singapore ($X) were the largest markets for numerically controlled drilling machine exported from Indonesia worldwide, with a combined 95% share of total exports.

Among the main countries of destination, Thailand, with a CAGR of +62.0%, saw the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced mixed trend patterns.

Export Prices by Country

The average numerically controlled drilling machine export price stood at $X per ton in 2021, growing by 22% against the previous year. Over the period under review, the export price, however, continues to indicate a abrupt downturn. The most prominent rate of growth was recorded in 2014 an increase of 57% against the previous year. As a result, the export price attained the peak level of $X per ton. From 2015 to 2021, the average export prices remained at a somewhat lower figure.

Prices varied noticeably country of destination: the country with the highest price was Singapore ($X per ton), while the average price for exports to Thailand ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Oman (+65.1%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Numerically Controlled Drilling Machines For Working Metal

Imports into Indonesia

In 2021, purchases abroad of numerically controlled drilling machines for working metal decreased by -8.4% to X tons, falling for the second consecutive year after two years of growth. Overall, imports faced a abrupt setback. The pace of growth was the most pronounced in 2018 with an increase of 109% against the previous year. Over the period under review, imports attained the maximum at X tons in 2012; however, from 2013 to 2021, imports remained at a lower figure.

In value terms, numerically controlled drilling machine imports dropped remarkably to $X in 2021. In general, imports saw a abrupt contraction. The most prominent rate of growth was recorded in 2018 with an increase of 67%. Imports peaked at $X in 2012; however, from 2013 to 2021, imports remained at a lower figure.

Imports by Country

In 2021, China (X tons) constituted the largest supplier of numerically controlled drilling machine to Indonesia, accounting for a 50% share of total imports. Moreover, numerically controlled drilling machine imports from China exceeded the figures recorded by the second-largest supplier, Canada (X tons), fourfold. The third position in this ranking was held by Italy (X tons), with a 12% share.

From 2012 to 2021, the average annual growth rate of volume from China stood at -2.4%. The remaining supplying countries recorded the following average annual rates of imports growth: Canada (0.0% per year) and Italy (+36.8% per year).

In value terms, China ($X), Italy ($X) and Canada ($X) were the largest numerically controlled drilling machine suppliers to Indonesia, with a combined 58% share of total imports. These countries were followed by India, Japan, Singapore, Taiwan (Chinese), Malaysia, the Netherlands and South Korea, which together accounted for a further 39%.

In terms of the main suppliers, India, with a CAGR of +55.6%, saw the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2021, the average numerically controlled drilling machine import price amounted to $X per ton, shrinking by -33.8% against the previous year. In general, the import price saw a abrupt descent. The most prominent rate of growth was recorded in 2016 when the average import price increased by 46%. The import price peaked at $X per ton in 2012; however, from 2013 to 2021, import prices stood at a somewhat lower figure.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Singapore (+8.0%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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