Indonesia: Self-Propelled Boring Machinery Market 2024

Self-Propelled Boring Machinery Market Size in Indonesia

In 2022, the Indonesian self-propelled boring machinery market increased by 202% to $X, rising for the second consecutive year after three years of decline. In general, consumption recorded a pronounced increase. Over the period under review, the market attained the maximum level in 2022 and is likely to see gradual growth in the near future.

Self-Propelled Boring Machinery Exports

Exports from Indonesia

In 2022, approx. X units of self-propelled boring or sinking machinery were exported from Indonesia; with a decrease of -41.7% against the previous year. Over the period under review, exports recorded a abrupt downturn. The pace of growth appeared the most rapid in 2014 when exports increased by 96%. Over the period under review, the exports attained the peak figure at X units in 2015; however, from 2016 to 2022, the exports remained at a lower figure.

In value terms, self-propelled boring machinery exports contracted significantly to $X in 2022. Overall, exports saw a abrupt slump. The pace of growth appeared the most rapid in 2021 with an increase of 303% against the previous year. Over the period under review, the exports reached the peak figure at $X in 2014; however, from 2015 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Thailand (X units) was the main destination for self-propelled boring machinery exports from Indonesia, accounting for a 57% share of total exports. Moreover, self-propelled boring machinery exports to Thailand exceeded the volume sent to the second major destination, Japan (X units), fourfold. The third position in this ranking was held by Malaysia (X units), with a 14% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Thailand stood at -2.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: Japan (0.0% per year) and Malaysia (-21.7% per year).

In value terms, Thailand ($X) remains the key foreign market for self-propelled boring or sinking machinery exports from Indonesia, comprising 93% of total exports. The second position in the ranking was held by Malaysia ($X), with a 5.1% share of total exports. It was followed by Japan, with a 2.1% share.

From 2012 to 2022, the average annual growth rate of value to Thailand totaled +4.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: Malaysia (-22.0% per year) and Japan (+3.7% per year).

Export Prices by Country

In 2022, the average self-propelled boring machinery export price amounted to $X per unit, increasing by 7% against the previous year. In general, the export price, however, showed a perceptible decrease. The pace of growth appeared the most rapid in 2021 an increase of 236% against the previous year. The export price peaked at $X per unit in 2012; however, from 2013 to 2022, the export prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Thailand ($X per unit), while the average price for exports to Timor-Leste ($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 (+18.5%), while the prices for the other major destinations experienced more modest paces of growth.

Self-Propelled Boring Machinery Imports

Imports into Indonesia

Self-propelled boring machinery imports into Indonesia skyrocketed to X units in 2022, picking up by 185% compared with the previous year's figure. Over the period under review, imports recorded notable growth. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, self-propelled boring machinery imports soared to $X in 2022. Overall, imports posted noticeable growth. Over the period under review, imports hit record highs at $X in 2013; however, from 2014 to 2022, imports failed to regain momentum.

Imports by Country

China (X units), the United States (X units) and Finland (X units) were the main suppliers of self-propelled boring machinery imports to Indonesia, together accounting for 80% of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Finland (with a CAGR of +19.1%), while imports for the other leaders experienced more modest paces of growth.

In value terms, China ($X), the United States ($X) and South Korea ($X) constituted the largest self-propelled boring machinery suppliers to Indonesia, with a combined 81% share of total imports. Finland, Sweden, Japan, Germany and Australia lagged somewhat behind, together accounting for a further 16%.

Finland, with a CAGR of +17.6%, recorded the highest growth rate of the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average self-propelled boring machinery import price stood at $X per unit in 2022, approximately equating the previous year. In general, the import price showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2021 an increase of 13%. The import price peaked at $X per unit in 2018; however, from 2019 to 2022, import prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was South Korea ($X per unit), while the price for Australia ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by South Korea (+0.6%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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