Indonesia: Pneumatic Elevator Market 2025

Pneumatic Elevator Market Size in Indonesia

The Indonesian pneumatic elevator market stood at $X in 2022, picking up by 10% against the previous year. In general, consumption enjoyed a remarkable increase. Pneumatic elevator consumption peaked in 2022 and is likely to see steady growth in the near future.

Pneumatic Elevator Production in Indonesia

In value terms, pneumatic elevator production dropped to $X in 2022 estimated in export price. In general, production, however, recorded strong growth. The most prominent rate of growth was recorded in 2018 with an increase of 40%. Over the period under review, production attained the peak level at $X in 2019; however, from 2020 to 2022, production remained at a lower figure.

Pneumatic Elevator Exports

Exports from Indonesia

Pneumatic elevator exports from Indonesia declined markedly to X units in 2022, waning by -53.7% against 2021. Overall, exports continue to indicate a abrupt slump. The growth pace was the most rapid in 2015 when exports increased by 200% against the previous year. As a result, the exports attained the peak of X units. From 2016 to 2022, the growth of the exports failed to regain momentum.

In value terms, pneumatic elevator exports declined rapidly to $X in 2022. Over the period under review, exports saw a abrupt curtailment. The most prominent rate of growth was recorded in 2018 when exports increased by 107% against the previous year. Over the period under review, the exports attained the peak figure at $X in 2019; however, from 2020 to 2022, the exports remained at a lower figure.

Exports by Country

Singapore (X units) was the main destination for pneumatic elevator exports from Indonesia, accounting for a 76% share of total exports. Moreover, pneumatic elevator exports to Singapore exceeded the volume sent to the second major destination, the United States (X units), tenfold. The third position in this ranking was taken by the Philippines (X units), with a 2.6% share.

From 2012 to 2022, the average annual growth rate of volume to Singapore was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: the United States (+24.6% per year) and the Philippines (-26.2% per year).

In value terms, Singapore ($X) remains the key foreign market for pneumatic elevators and conveyors exports from Indonesia, comprising 82% of total exports. The second position in the ranking was held by the United States ($X), with a 6.5% share of total exports. It was followed by the Philippines, with a 3.2% share.

From 2012 to 2022, the average annual rate of growth in terms of value to Singapore was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: the United States (+232.3% per year) and the Philippines (-24.3% per year).

Export Prices by Country

In 2022, the average pneumatic elevator export price amounted to $X per unit, dropping by -3.5% against the previous year. Overall, export price indicated slight growth from 2012 to 2022: its price increased at an average annual rate of +1.1% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2016 an increase of 47%. The export price peaked at $X per unit in 2021, and then contracted in the following year.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the Philippines ($X per unit), while the average price for exports to China ($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 the United States (+166.7%), while the prices for the other major destinations experienced more modest paces of growth.

Pneumatic Elevator Imports

Imports into Indonesia

In 2022, supplies from abroad of pneumatic elevators and conveyors increased by 165% to X units, rising for the second year in a row after two years of decline. Over the period under review, imports enjoyed a pronounced expansion. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, pneumatic elevator imports skyrocketed to $X in 2022. Overall, imports showed a moderate increase. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

China (X units), Singapore (X units) and Germany (X units) were the main suppliers of pneumatic elevator imports to Indonesia, together comprising 68% of total imports. South Korea, Malaysia, the UK, Japan, Taiwan (Chinese), the Netherlands, India, Italy and the United States lagged somewhat behind, together accounting for a further 26%.

From 2012 to 2022, the biggest increases were recorded for the Netherlands (with a CAGR of +22.9%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest pneumatic elevator suppliers to Indonesia were China ($X), Singapore ($X) and Germany ($X), together accounting for 69% of total imports. South Korea, Malaysia, Japan, Taiwan (Chinese), the UK, the Netherlands, India, Italy and the United States lagged somewhat behind, together accounting for a further 26%.

The Netherlands, with a CAGR of +23.5%, saw the highest rates of growth with regard to the value of imports, in terms of 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 pneumatic elevator import price amounted to $X per unit, falling by -2.1% against the previous year. Over the period under review, the import price saw a pronounced curtailment. The growth pace was the most rapid in 2017 when the average import price increased by 5.6%. The import price peaked at $X per unit in 2012; however, from 2013 to 2022, import prices stood at a somewhat lower figure.

Average prices varied somewhat amongst the major supplying countries. In 2022, amid the top importers, the highest price was recorded for prices from South Korea ($X per unit) and the Netherlands ($X per unit), while the price for the United States ($X per unit) and the UK ($X per unit) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the Netherlands (+0.5%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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