Indonesia: Shipping Market 2025

Shipping Market Size in Indonesia

After four years of growth, the Indonesian shipping market decreased by -5.3% to $X in 2021. In general, consumption, however, showed a mild increase. Over the period under review, the market reached the peak level at $X in 2020, and then declined in the following year.

Shipping Production in Indonesia

In value terms, shipping production contracted modestly to $X in 2021 estimated in export price. Overall, production, however, enjoyed pronounced growth. The growth pace was the most rapid in 2018 when the production volume increased by 84% against the previous year. Over the period under review, production reached the peak level at $X in 2020, and then declined in the following year.

Shipping Exports

Exports from Indonesia

In 2021, the amount of ships, vessels, ferry-boats for the transport of persons exported from Indonesia contracted markedly to X units, which is down by -57.6% against the previous year. In general, exports recorded a abrupt setback. The pace of growth was the most pronounced in 2016 when exports increased by 175% against the previous year. The exports peaked at X units in 2012; however, from 2013 to 2021, the exports remained at a lower figure.

In value terms, shipping exports reduced sharply to $X in 2021. Over the period under review, exports continue to indicate a drastic downturn. The growth pace was the most rapid in 2016 when exports increased by 352% against the previous year. Over the period under review, the exports reached the peak figure at $X in 2012; however, from 2013 to 2021, the exports failed to regain momentum.

Exports by Country

Malaysia (X units) was the main destination for shipping exports from Indonesia, accounting for a 21% share of total exports. Moreover, shipping exports to Malaysia exceeded the volume sent to the second major destination, Australia (X units), threefold. China (X units) ranked third in terms of total exports with a 7.1% share.

From 2012 to 2021, the average annual growth rate of volume to Malaysia totaled -10.3%. Exports to the other major destinations recorded the following average annual rates of exports growth: Australia (-16.4% per year) and China (0.0% per year).

In value terms, Singapore ($X) remains the key foreign market for ships, vessels, ferry-boats for the transport of persons exports from Indonesia, comprising 41% of total exports. The second position in the ranking was taken by Croatia ($X), with a 17% share of total exports. It was followed by Australia, with a 4.5% share.

From 2012 to 2021, the average annual growth rate of value to Singapore amounted to -6.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: Croatia (0.0% per year) and Australia (-15.7% per year).

Export Prices by Country

The average shipping export price stood at $X per unit in 2021, growing by 93% against the previous year. Overall, the export price continues to indicate a resilient increase. The pace of growth was the most pronounced in 2019 an increase of 132% against the previous year. Over the period under review, the average export prices attained the peak figure in 2021 and is expected to retain growth in years to come.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Singapore ($X per unit), while the average price for exports to Italy ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Thailand (+18.7%), while the prices for the other major destinations experienced more modest paces of growth.

Shipping Imports

Imports into Indonesia

Shipping imports into Indonesia fell significantly to X units in 2021, waning by -87.3% on 2020 figures. Over the period under review, imports recorded a sharp setback. The pace of growth was the most pronounced in 2017 with an increase of 1,390% against the previous year. Imports peaked at X units in 2019; however, from 2020 to 2021, imports stood at a somewhat lower figure.

In value terms, shipping imports soared to $X in 2021. In general, imports continue to indicate a deep downturn. The pace of growth appeared the most rapid in 2017 when imports increased by 1,432%. Imports peaked at $X in 2019; however, from 2020 to 2021, imports stood at a somewhat lower figure.

Imports by Country

Japan (X units), India (X units) and Malaysia (X units) were the main suppliers of shipping imports to Indonesia, with a combined 58% share of total imports.

From 2012 to 2021, the biggest increases were recorded for Japan (with a CAGR of -4.9%), while purchases for the other leaders experienced a decline.

In value terms, India ($X) constituted the largest supplier of ships, vessels, ferry-boats for the transport of persons to Indonesia, comprising 65% of total imports. The second position in the ranking was held by China ($X), with a 10% share of total imports. It was followed by Malaysia, with a 6.9% share.

From 2012 to 2021, the average annual growth rate of value from India totaled -2.0%. The remaining supplying countries recorded the following average annual rates of imports growth: China (+8.5% per year) and Malaysia (+29.4% per year).

Import Prices by Country

In 2021, the average shipping import price amounted to $X per unit, growing by 1,043% against the previous year. Overall, the import price posted a resilient increase. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Malaysia (+46.7%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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