Indonesia: Roller Bearing Market 2024

Roller Bearing Market Size in Indonesia

In 2022, the Indonesian roller bearing market increased by 104% to $X, rising for the second consecutive year after two years of decline. Over the period under review, consumption recorded notable growth. As a result, consumption reached the peak level and is likely to continue growth in the immediate term.

Roller Bearing Exports

Exports from Indonesia

In 2022, the amount of roller bearings exported from Indonesia soared to X tons, increasing by 24% on 2021. Overall, exports showed significant growth. The pace of growth was the most pronounced in 2017 with an increase of 717% against the previous year. The Indonesia exports peaked in 2022 and are expected to retain growth in the immediate term.

In value terms, roller bearing exports soared to $X in 2022. Over the period under review, exports enjoyed resilient growth. The pace of growth appeared the most rapid in 2017 when exports increased by 280% against the previous year. The Indonesia exports peaked in 2022 and are likely to continue growth in the near future.

Exports by Country

In 2022, China (X tons) represented the major exporter of roller bearings, mixing up 43% of total exports. Singapore (X tons) took the second position in the ranking, followed by Germany (X tons), France (X tons), Slovakia (X tons) and the United States (X tons). All these countries together held approx. 30% share of total exports. The following exporters - Italy (X tons), South Korea (X tons), Hong Kong SAR (X tons), Turkey (X tons), Austria (X tons), Romania (X tons) and Taiwan (Chinese) (X tons) - together made up 13% of total exports.

China was also the fastest-growing in terms of the roller bearings exports, with a CAGR of +22.6% from 2012 to 2022. At the same time, Turkey (+8.5%), Singapore (+1.2%) and Slovakia (+1.1%) displayed positive paces of growth. By contrast, Taiwan (Chinese) (-1.4%), Italy (-1.9%), Germany (-2.0%), France (-2.2%), South Korea (-9.7%), Hong Kong SAR (-13.7%), the United States (-18.4%), Austria (-22.3%) and Romania (-22.4%) illustrated a downward trend over the same period. From 2012 to 2022, the share of China increased by +37 percentage points. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, China ($X), Singapore ($X) and Germany ($X) constituted the countries with the highest levels of exports in 2022, together comprising 45% of total exports. Italy, the United States, France, Hong Kong SAR, Slovakia, South Korea, Taiwan (Chinese), Austria, Turkey and Romania lagged somewhat behind, together accounting for a further 33%.

Among the main exporting countries, Turkey, with a CAGR of +10.4%, 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 export price in Indonesia stood at $X per ton in 2022, surging by 101% against the previous year. Overall, the export price, however, saw a deep downturn. The Indonesia export price peaked at $X per ton in 2015; however, from 2016 to 2022, the export prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was the United States ($X per ton), while China ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United States (+16.3%), while the other leaders experienced more modest paces of growth.

Roller Bearing Imports

Imports into Indonesia

In 2022, overseas purchases of roller bearings increased by 94% to X tons, rising for the second year in a row after two years of decline. Over the period under review, imports showed a perceptible expansion. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, roller bearing imports soared to $X in 2022. In general, imports posted a temperate expansion. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2022, Thailand (X tons), distantly followed by Germany (X tons) and India (X tons) were the major importers of roller bearings, together creating 27% of total imports. Italy (X tons), Canada (X tons), Malaysia (X tons), Spain (X tons), South Korea (X tons), France (X tons), Singapore (X tons), Poland (X tons), Austria (X tons) and Nigeria (X tons) followed a long way behind the leaders.

Thailand was also the fastest-growing in terms of the roller bearings imports, with a CAGR of +18.5% from 2012 to 2022. At the same time, Malaysia (+12.1%), Austria (+5.4%), Spain (+4.0%), Italy (+3.6%), Germany (+2.0%), India (+2.0%) and Poland (+1.9%) displayed positive paces of growth. By contrast, Canada (-2.8%), South Korea (-3.4%), Singapore (-6.2%), France (-7.8%) and Nigeria (-8.9%) illustrated a downward trend over the same period. While the share of Thailand (+14 p.p.) and Malaysia (+1.7 p.p.) increased significantly in terms of the global imports from 2012-2022, the share of Singapore (-1.7 p.p.), Nigeria (-2.4 p.p.) and France (-2.6 p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the largest roller bearing importing markets into Indonesia were Germany ($X), India ($X) and Canada ($X), together comprising 21% of total imports. Thailand, Singapore, Italy, France, Poland, South Korea, Malaysia, Austria, Spain and Nigeria lagged somewhat behind, together comprising a further 23%.

Austria, with a CAGR of +3.9%, saw the highest growth rate of the value of imports, in terms of the main importing countries over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The import price in Indonesia stood at $X per ton in 2022, which is down by -2.8% against the previous year. Overall, the import price, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2016 when the import price increased by 46% against the previous year. Over the period under review, import prices hit record highs at $X per ton in 2020; however, from 2021 to 2022, import prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Canada ($X per ton), while Thailand ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by France (+6.9%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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