Indonesia: Mill Rolling Roll Market 2024

Mill Rolling Roll Market Size in Indonesia

The Indonesian mill rolling roll market skyrocketed to $X in 2022, with an increase of 16% against the previous year. Overall, consumption, however, posted a resilient increase. As a result, consumption attained the peak level of $X. From 2018 to 2022, the growth of the market remained at a somewhat lower figure.

Mill Rolling Roll Production in Indonesia

In value terms, mill rolling roll production contracted rapidly to $X in 2022 estimated in export price. Overall, production, however, enjoyed significant growth. The most prominent rate of growth was recorded in 2013 when the production volume increased by 9,287,640,400% against the previous year. Mill rolling roll production peaked at $X in 2017; however, from 2018 to 2022, production failed to regain momentum.

Mill Rolling Roll Exports

Exports from Indonesia

In 2022, mill rolling roll exports from Indonesia totaled X units, standing approx. at the year before. Overall, exports showed a deep downturn. The pace of growth was the most pronounced in 2019 when exports increased by 144%. The exports peaked at X units in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

In value terms, mill rolling roll exports dropped to $X in 2022. In general, exports recorded a significant decrease. The pace of growth appeared the most rapid in 2015 when exports increased by 319%. The exports peaked at $X in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

New Zealand (X units), the Philippines (X units) and Australia (X units) were the main destinations of mill rolling roll exports from Indonesia, together comprising 25% of total exports. Japan, China, Malaysia, Germany, Nigeria, India, South Korea, Canada, Taiwan (Chinese) and Singapore lagged somewhat behind, together accounting for a further 63%. Moreover, mill rolling roll exports in New Zealand exceeded the figures recorded by the second-largest exporter, the Philippines, twofold.

From 2012 to 2022, the biggest increases were recorded for Taiwan (Chinese) (with a CAGR of 0.0%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for mill rolling roll exported from Indonesia were New Zealand ($X), India ($X) and China ($X), together accounting for 80% of total exports. Japan, Malaysia, Nigeria, Canada, Taiwan (Chinese), the Philippines, Australia, Singapore, Germany and South Korea lagged somewhat behind, together accounting for a further 18%.

In terms of the main countries of destination, Canada, with a CAGR of 0.0%, 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 a decline.

Export Prices by Country

In 2022, the average mill rolling roll export price amounted to $X per unit, declining by -6% against the previous year. Over the period under review, the export price faced a deep reduction. The growth pace was the most rapid in 2015 when the average export price increased by 259% against the previous year. Over the period under review, the average export prices hit record highs at $X per unit in 2012; however, from 2013 to 2022, the export prices remained at a lower figure.

There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was India ($X per unit), while the average price for exports to South Korea ($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 China (-4.5%), while the prices for the other major destinations experienced a decline.

Mill Rolling Roll Imports

Imports into Indonesia

Mill rolling roll imports into Indonesia surged to X units in 2022, rising by 27% on 2021. In general, imports, however, continue to indicate a perceptible curtailment. The most prominent rate of growth was recorded in 2021 when imports increased by 82% against the previous year. Imports peaked at X units in 2013; however, from 2014 to 2022, imports remained at a lower figure.

In value terms, mill rolling roll imports skyrocketed to $X in 2022. Over the period under review, imports enjoyed a prominent increase. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2022, China (X units) was the main supplier of mill rolling roll to Indonesia, with a 91% share of total imports. It was followed by Germany (X units), with a 2.6% share of total imports. The third position in this ranking was taken by South Korea (X units), with a 2.1% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from China amounted to -2.6%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (+6.0% per year) and South Korea (-2.2% per year).

In value terms, China ($X) constituted the largest supplier of rolls for rolling mills to Indonesia, comprising 64% of total imports. The second position in the ranking was held by Slovenia ($X), with a 3.6% share of total imports. It was followed by South Korea, with a 2.8% share.

From 2012 to 2022, the average annual growth rate of value from China totaled +15.2%. The remaining supplying countries recorded the following average annual rates of imports growth: Slovenia (+3.6% per year) and South Korea (-2.1% per year).

Import Prices by Country

In 2022, the average mill rolling roll import price amounted to $X per unit, growing by 40% against the previous year. Overall, the import price saw buoyant growth. The most prominent rate of growth was recorded in 2017 when the average import price increased by 82%. The import price peaked at $X per unit in 2018; however, from 2019 to 2022, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Slovenia ($X per unit), while the price for Germany ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Thailand (+39.8%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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