Indonesia: Parachute Market 2024

Parachute Market Size in Indonesia

The Indonesian parachute market was finally on the rise to reach $X in 2021, after two years of decline. In general, the total consumption indicated a mild increase from 2012 to 2021: its value increased at an average annual rate of +1.6% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Over the period under review, the market reached the peak level at $X in 2018; however, from 2019 to 2021, consumption stood at a somewhat lower figure.

Parachute Production in Indonesia

In value terms, parachute production rose notably to $X in 2021 estimated in export price. In general, production, however, continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2015 when the production volume increased by 57%. Parachute production peaked at $X in 2018; however, from 2019 to 2021, production remained at a lower figure.

Parachute Exports

Exports from Indonesia

In 2021, the amount of parachutes and rotochutes exported from Indonesia surged to X kg, rising by 566% compared with 2020. Overall, exports, however, continue to indicate a deep slump. Over the period under review, the exports attained the peak figure at X tons in 2012; however, from 2013 to 2021, the exports remained at a lower figure.

In value terms, parachute exports skyrocketed to $X in 2021. Over the period under review, exports, however, saw a abrupt decrease. Over the period under review, the exports reached the maximum at $X in 2013; however, from 2014 to 2021, the exports failed to regain momentum.

Exports by Country

Japan (X kg) was the main destination for parachute exports from Indonesia, with a 30% share of total exports. Moreover, parachute exports to Japan exceeded the volume sent to the second major destination, New Zealand (X kg), twofold. The third position in this ranking was held by Denmark (X kg), with an 11% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to Japan totaled +45.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: New Zealand (+11.4% per year) and Denmark (+7.0% per year).

In value terms, Japan ($X) remains the key foreign market for parachutes and rotochutes exports from Indonesia, comprising 75% of total exports. The second position in the ranking was taken by South Korea ($X), with an 8.5% share of total exports. It was followed by Thailand, with a 3.3% share.

From 2012 to 2021, the average annual growth rate of value to Japan totaled +126.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: South Korea (-17.4% per year) and Thailand (-25.4% per year).

Export Prices by Country

The average parachute export price stood at $X per ton in 2021, growing by 68% against the previous year. Over the period under review, the export price enjoyed a strong expansion. The most prominent rate of growth was recorded in 2017 an increase of 251% against the previous year. Over the period under review, the average export prices reached the peak figure in 2021 and is expected to retain growth in the immediate term.

There were significant differences in the average prices for the major foreign markets. In 2021, the country with the highest price was South Korea ($X per ton), while the average price for exports to New Zealand ($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 Japan (+57.0%), while the prices for the other major destinations experienced more modest paces of growth.

Parachute Imports

Imports into Indonesia

In 2021, parachute imports into Indonesia skyrocketed to X tons, with an increase of 103% compared with the previous year's figure. Overall, imports saw a remarkable increase. The pace of growth appeared the most rapid in 2016 when imports increased by 108% against the previous year. Imports peaked in 2021 and are expected to retain growth in the immediate term.

In value terms, parachute imports surged to $X in 2021. Over the period under review, imports posted mild growth. The growth pace was the most rapid in 2019 with an increase of 155%. As a result, imports reached the peak of $X. From 2020 to 2021, the growth of imports remained at a somewhat lower figure.

Imports by Country

In 2021, Canada (X tons) constituted the largest parachute supplier to Indonesia, accounting for a 44% share of total imports. Moreover, parachute imports from Canada exceeded the figures recorded by the second-largest supplier, Germany (X tons), twofold. The third position in this ranking was held by Spain (X tons), with a 19% share.

From 2012 to 2021, the average annual growth rate of volume from Canada stood at +22.7%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (+53.0% per year) and Spain (+135.3% per year).

In value terms, Canada ($X) constituted the largest supplier of parachutes and rotochutes to Indonesia, comprising 49% of total imports. The second position in the ranking was held by the United States ($X), with a 19% share of total imports. It was followed by Germany, with an 11% share.

From 2012 to 2021, the average annual rate of growth in terms of value from Canada stood at +29.8%. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (-1.1% per year) and Germany (+45.6% per year).

Import Prices by Country

The average parachute import price stood at $X per ton in 2021, declining by -14.7% against the previous year. Overall, the import price saw a pronounced downturn. The growth pace was the most rapid in 2014 when the average import price increased by 79% against the previous year. Over the period under review, average import prices reached the maximum at $X per ton in 2016; however, from 2017 to 2021, import prices remained at a lower figure.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by South Korea (+8.1%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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