Indonesia: Sails Market 2024

Sails Market Size in Indonesia

The Indonesian sails market surged to $X in 2022, growing by 23% against the previous year. In general, the total consumption indicated a perceptible increase from 2012 to 2022: its value increased at an average annual rate of +2.7% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption increased by +109.4% against 2017 indices. Sails consumption peaked in 2022 and is expected to retain growth in the immediate term.

Sails Production in Indonesia

In value terms, sails production stood at $X in 2022 estimated in export price. Over the period under review, production recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 with an increase of 48%. Over the period under review, production hit record highs at $X in 2020; however, from 2021 to 2022, production failed to regain momentum.

Sails Exports

Exports from Indonesia

Sails exports from Indonesia declined remarkably to X kg in 2022, dropping by -27.2% on 2021 figures. Over the period under review, exports saw a abrupt shrinkage. The growth pace was the most rapid in 2014 with an increase of 466% against the previous year. As a result, the exports attained the peak of X kg. From 2015 to 2022, the growth of the exports failed to regain momentum.

In value terms, sails exports contracted to $X in 2022. In general, exports continue to indicate a abrupt decrease. The most prominent rate of growth was recorded in 2014 when exports increased by 568% against the previous year. Over the period under review, the exports reached the maximum at $X in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

Exports by Country

The United States (X kg) was the main destination for sails exports from Indonesia, accounting for a 63% share of total exports. Moreover, sails exports to the United States exceeded the volume sent to the second major destination, Germany (X kg), fourfold. The third position in this ranking was taken by the Netherlands (X kg), with a 9.6% share.

From 2012 to 2022, the average annual growth rate of volume to the United States totaled -3.6%. Exports to the other major destinations recorded the following average annual rates of exports growth: Germany (-18.0% per year) and the Netherlands (-16.3% per year).

In value terms, the largest markets for sails exported from Indonesia were Australia ($X), Germany ($X) and the United States ($X), with a combined 74% share of total exports. Spain and the Netherlands lagged somewhat behind, together accounting for a further 15%.

Spain, with a CAGR of +46.1%, recorded the highest rates of growth with regard to the value of exports, in terms of the main countries of destination over the period under review, while shipments for the other leaders experienced mixed trend patterns.

Export Prices by Country

The average sails export price stood at $X per ton in 2022, jumping by 36% against the previous year. Overall, the export price, however, showed a slight setback. The export price peaked at $X per ton in 2012; however, from 2013 to 2022, the export prices failed to regain momentum.

There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Spain ($X per ton), while the average price for exports to the United States ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Spain (+24.4%), while the prices for the other major destinations experienced more modest paces of growth.

Sails Imports

Imports into Indonesia

In 2022, approx. X tons of sails were imported into Indonesia; increasing by 253% compared with 2021. Overall, imports showed a significant increase. The growth pace was the most rapid in 2014 with an increase of 1,846%. Over the period under review, imports reached the maximum in 2022 and are likely to see steady growth in the near future.

In value terms, sails imports skyrocketed to $X in 2022. Over the period under review, imports posted a significant expansion. The pace of growth was the most pronounced in 2014 when imports increased by 1,503%. Imports peaked in 2022 and are expected to retain growth in the immediate term.

Imports by Country

Singapore (X tons), China (X tons) and New Zealand (X tons) were the main suppliers of sails imports to Indonesia, with a combined 94% share of total imports.

From 2012 to 2022, the biggest increases were recorded for China (with a CAGR of +187.0%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Singapore ($X) constituted the largest supplier of sails to Indonesia, comprising 52% of total imports. The second position in the ranking was held by New Zealand ($X), with an 18% share of total imports. It was followed by China, with a 17% share.

From 2012 to 2022, the average annual growth rate of value from Singapore stood at +69.6%. The remaining supplying countries recorded the following average annual rates of imports growth: New Zealand (+136.3% per year) and China (+94.7% per year).

Import Prices by Country

The average sails import price stood at $X per ton in 2022, declining by -8% against the previous year. Over the period under review, the import price continues to indicate a deep contraction. The most prominent rate of growth was recorded in 2018 an increase of 35%. Over the period under review, average import prices reached the maximum at $X per ton in 2012; however, from 2013 to 2022, import prices failed to regain momentum.

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 New Zealand ($X per ton), while the price for China ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by India (+77.8%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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