Indonesia: Safes And Strongboxes Market 2025

Safes And Strongboxes Market Size in Indonesia

The Indonesian safes and strongboxes market expanded significantly to $X in 2021, growing by 5.6% against the previous year. The market value increased at an average annual rate of +1.3% over the period from 2012 to 2021; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being recorded in certain years. As a result, consumption attained the peak level of $X. From 2018 to 2021, the growth of the market remained at a lower figure.

Safes And Strongboxes Production in Indonesia

In value terms, safes and strongboxes production expanded significantly to $X in 2021 estimated in export price. The total output value increased at an average annual rate of +1.1% over the period from 2012 to 2021; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being observed in certain years. The most prominent rate of growth was recorded in 2017 when the production volume increased by 26%. As a result, production attained the peak level of $X. From 2018 to 2021, production growth remained at a somewhat lower figure.

Safes And Strongboxes Exports

Exports from Indonesia

In 2021, after two years of decline, there was significant growth in shipments abroad of safes, strongboxes and doors of base metal, when their volume increased by 28% to X tons. Overall, exports, however, recorded a abrupt curtailment. Over the period under review, the exports hit record highs at X tons in 2012; however, from 2013 to 2021, the exports stood at a somewhat lower figure.

In value terms, safes and strongboxes exports surged to $X in 2021. Over the period under review, exports, however, recorded a noticeable slump. The exports peaked at $X in 2014; however, from 2015 to 2021, the exports failed to regain momentum.

Exports by Country

The Netherlands (X tons), China (X tons) and Thailand (X tons) were the main destinations of safes and strongboxes exports from Indonesia, together accounting for 42% of total exports. Australia, Djibouti, the United Arab Emirates, the UK, Denmark, Bangladesh, Italy, Malaysia, New Zealand and Hong Kong SAR lagged somewhat behind, together comprising a further 43%.

From 2012 to 2021, the biggest increases were recorded for Djibouti (with a CAGR of +645.7%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for safes and strongboxes exported from Indonesia were the Netherlands ($X), China ($X) and Thailand ($X), with a combined 45% share of total exports. Australia, New Zealand, the United Arab Emirates, the UK, Djibouti, Malaysia, Hong Kong SAR, Denmark, Italy and Bangladesh lagged somewhat behind, together accounting for a further 39%.

Among the main countries of destination, Djibouti, with a CAGR of +511.5%, 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 safes and strongboxes export price amounted to $X per ton, surging by 13% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +1.2%. The growth pace was the most rapid in 2017 when the average export price increased by 13% against the previous year. As a result, the export price attained the peak level of $X per ton. From 2018 to 2021, the average export prices remained at a somewhat lower figure.

There were significant differences in the average prices for the major foreign markets. In 2021, amid the top suppliers, the country with the highest price was New Zealand ($X per ton), while the average price for exports to Denmark ($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 New Zealand (+10.0%), while the prices for the other major destinations experienced more modest paces of growth.

Safes And Strongboxes Imports

Imports into Indonesia

In 2021, supplies from abroad of safes, strongboxes and doors of base metal was finally on the rise to reach X tons after four years of decline. Over the period under review, imports, however, showed a noticeable curtailment. The growth pace was the most rapid in 2016 when imports increased by 78% against the previous year. As a result, imports reached the peak of X tons. From 2017 to 2021, the growth of imports remained at a somewhat lower figure.

In value terms, safes and strongboxes imports rose markedly to $X in 2021. In general, imports, however, saw a mild downturn. The pace of growth appeared the most rapid in 2016 with an increase of 69%. As a result, imports attained the peak of $X. From 2017 to 2021, the growth of imports remained at a lower figure.

Imports by Country

In 2021, China (X tons) constituted the largest safes and strongboxes supplier to Indonesia, with a 63% share of total imports. Moreover, safes and strongboxes imports from China exceeded the figures recorded by the second-largest supplier, South Korea (X tons), threefold. Thailand (X tons) ranked third in terms of total imports with a 6.1% share.

From 2012 to 2021, the average annual growth rate of volume from China was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: South Korea (+3.3% per year) and Thailand (-13.1% per year).

In value terms, China ($X) constituted the largest supplier of safes, strongboxes and doors of base metal to Indonesia, comprising 66% of total imports. The second position in the ranking was taken by South Korea ($X), with a 20% share of total imports. It was followed by Thailand, with a 4.6% share.

From 2012 to 2021, the average annual rate of growth in terms of value from China stood at +1.3%. The remaining supplying countries recorded the following average annual rates of imports growth: South Korea (+3.9% per year) and Thailand (-9.8% per year).

Import Prices by Country

In 2021, the average safes and strongboxes import price amounted to $X per ton, which is down by -5.2% against the previous year. Over the last nine years, it increased at an average annual rate of +1.5%. The most prominent rate of growth was recorded in 2018 when the average import price increased by 14%. The import price peaked at $X per ton in 2015; however, from 2016 to 2021, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major supplying countries. In 2021, amid the top importers, the country with the highest price was Mexico ($X per ton), while the price for Malaysia ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Vietnam (+7.8%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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