Indonesia: Market for Plastic Hoses and Hose Fittings 2024

Market Size for Plastic Hoses and Hose Fittings in Indonesia

The Indonesian market for plastic hoses and hose fittings surged to $X in 2021, rising by 24% 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). Overall, the total consumption indicated a temperate expansion from 2012 to 2021: its value increased at an average annual rate of +4.2% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption increased by +39.9% against 2019 indices. As a result, consumption reached the peak level of $X. From 2019 to 2021, the growth of the market failed to regain momentum.

Exports of Plastic Hoses and Hose Fittings

Exports from Indonesia

In 2021, approx. X tons of plastic hoses and hose fittings were exported from Indonesia; declining by -24.8% against the year before. Overall, exports recorded a abrupt descent. The growth pace was the most rapid in 2019 when exports increased by 261% against the previous year. As a result, the exports attained the peak of X tons. From 2020 to 2021, the growth of the exports remained at a lower figure.

In value terms, plastic hose and hose fitting exports expanded markedly to $X in 2021. Over the period under review, exports, however, showed a prominent expansion. The growth pace was the most rapid in 2019 when exports increased by 275%. As a result, the exports attained the peak of $X. From 2020 to 2021, the growth of the exports remained at a lower figure.

Exports by Country

Japan (X tons), Timor-Leste (X tons) and India (X tons) were the main destinations of plastic hose and hose fitting exports from Indonesia, together comprising 76% of total exports.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by India (with a CAGR of +143.1%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for plastic hose and hose fitting exported from Indonesia were Japan ($X), India ($X) and South Korea ($X), together comprising 80% of total exports.

Among the main countries of destination, India, with a CAGR of +158.1%, saw 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

In 2021, the average export price for plastic hoses and hose fittings amounted to $X per ton, jumping by 52% against the previous year. Overall, the export price posted a strong increase. The growth pace was the most rapid in 2013 an increase of 89% against the previous year. The export price peaked in 2021 and is expected to retain growth in the immediate term.

Prices varied noticeably country of destination: the country with the highest price was Thailand ($X per ton), while the average price for exports to Timor-Leste ($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 Thailand (+35.1%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Plastic Hoses and Hose Fittings

Imports into Indonesia

In 2021, imports of plastic hoses and hose fittings into Indonesia amounted to X tons, surging by 12% against the previous year's figure. Overall, total imports indicated notable growth from 2012 to 2021: its volume increased at an average annual rate of +4.3% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports increased by +1.5% against 2018 indices. The growth pace was the most rapid in 2018 with an increase of 45% against the previous year. Over the period under review, imports hit record highs in 2021 and are expected to retain growth in years to come.

In value terms, plastic hose and hose fitting imports soared to $X in 2021. The total import value increased at an average annual rate of +2.3% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. Imports peaked at $X in 2018; however, from 2019 to 2021, imports remained at a lower figure.

Imports by Country

In 2021, China (X tons) constituted the largest plastic hose and hose fitting supplier to Indonesia, accounting for a 73% share of total imports. Moreover, plastic hose and hose fitting imports from China exceeded the figures recorded by the second-largest supplier, Singapore (X tons), tenfold. Japan (X tons) ranked third in terms of total imports with a 3.6% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from China totaled +8.8%. The remaining supplying countries recorded the following average annual rates of imports growth: Singapore (-3.7% per year) and Japan (-11.2% per year).

In value terms, China ($X) constituted the largest supplier of plastic hoses and hose fittings to Indonesia, comprising 46% of total imports. The second position in the ranking was taken by Japan ($X), with a 12% share of total imports. It was followed by Singapore, with a 6.6% share.

From 2012 to 2021, the average annual growth rate of value from China stood at +19.2%. The remaining supplying countries recorded the following average annual rates of imports growth: Japan (-11.2% per year) and Singapore (-8.2% per year).

Import Prices by Country

In 2021, the average import price for plastic hoses and hose fittings amounted to $X per ton, rising by 15% against the previous year. Overall, the import price, however, recorded a noticeable shrinkage. The pace of growth was the most pronounced in 2016 an increase of 27%. The import price peaked at $X per ton in 2017; however, from 2018 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 ($X per ton), while the price for China ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Taiwan (Chinese) (+14.0%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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