Indonesia: Market for Spray Guns And Similar Appliances 2024

Market Size for Spray Guns And Similar Appliances in Indonesia

The Indonesian market for spray guns and similar appliances reduced to $X in 2022, which is down by -7.4% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Overall, consumption, however, posted a strong expansion. Spray guns and similar appliances consumption peaked at $X in 2018; however, from 2019 to 2022, consumption stood at a somewhat lower figure.

Exports of Spray Guns And Similar Appliances

Exports from Indonesia

For the third year in a row, Indonesia recorded decline in shipments abroad of spray guns and similar appliances, which decreased by -26.2% to X units in 2022. In general, exports faced a deep contraction. The pace of growth was the most pronounced in 2017 with an increase of 243%. Over the period under review, the exports reached the maximum at X units in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

In value terms, spray guns and similar appliances exports declined to $X in 2022. Overall, exports, however, continue to indicate prominent growth. The pace of growth appeared the most rapid in 2017 with an increase of 354% against the previous year. Over the period under review, the exports attained the peak figure at $X in 2021, and then contracted in the following year.

Exports by Country

Thailand (X units), Singapore (X units) and Malaysia (X units) were the main destinations of spray guns and similar appliances exports from Indonesia, with a combined 85% share of total exports.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Thailand (with a CAGR of +86.9%), while the other leaders experienced mixed trend patterns.

In value terms, Thailand ($X) remains the key foreign market for spray guns and similar appliances exports from Indonesia, comprising 52% of total exports. The second position in the ranking was taken by Singapore ($X), with a 17% share of total exports. It was followed by the United States, with a 16% share.

From 2012 to 2022, the average annual rate of growth in terms of value to Thailand totaled +132.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: Singapore (+15.6% per year) and the United States (+36.0% per year).

Export Prices by Country

In 2022, the average export price for spray guns and similar appliances amounted to $X per unit, rising by 19% against the previous year. Over the period under review, the export price posted a significant expansion. The most prominent rate of growth was recorded in 2015 when the average export price increased by 565% against the previous year. The export price peaked in 2022 and is likely to see gradual growth in years to come.

There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was the United States ($X per unit), while the average price for exports to Singapore ($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 Nigeria (+151.4%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Spray Guns And Similar Appliances

Imports into Indonesia

In 2022, spray guns and similar appliances imports into Indonesia declined to X units, reducing by -2% compared with the previous year's figure. Overall, imports, however, enjoyed prominent growth. The most prominent rate of growth was recorded in 2013 when imports increased by 128%. Imports peaked at X units in 2018; however, from 2019 to 2022, imports stood at a somewhat lower figure.

In value terms, spray guns and similar appliances imports shrank markedly to $X in 2022. In general, imports, however, saw a strong expansion. The pace of growth was the most pronounced in 2013 with an increase of 167%. Over the period under review, imports hit record highs at $X in 2019; however, from 2020 to 2022, imports failed to regain momentum.

Imports by Country

In 2022, China (X units) constituted the largest supplier of spray guns and similar appliances to Indonesia, accounting for a 75% share of total imports. Moreover, spray guns and similar appliances imports from China exceeded the figures recorded by the second-largest supplier, Singapore (X units), tenfold. The third position in this ranking was held by Malaysia (X units), with a 4.3% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from China amounted to +19.2%. The remaining supplying countries recorded the following average annual rates of imports growth: Singapore (+17.6% per year) and Malaysia (+33.8% per year).

In value terms, China ($X) constituted the largest supplier of spray guns and similar appliances to Indonesia, comprising 50% of total imports. The second position in the ranking was held by South Korea ($X), with an 11% share of total imports. It was followed by Japan, with a 10% share.

From 2012 to 2022, the average annual rate of growth in terms of value from China stood at +22.6%. The remaining supplying countries recorded the following average annual rates of imports growth: South Korea (+24.4% per year) and Japan (+7.9% per year).

Import Prices by Country

The average import price for spray guns and similar appliances stood at $X per unit in 2022, with a decrease of -16.7% against the previous year. Over the period under review, the import price recorded a perceptible shrinkage. The most prominent rate of growth was recorded in 2017 when the average import price increased by 27% against the previous year. Over the period under review, average import prices hit record highs at $X per unit in 2014; however, from 2015 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 Germany ($X per unit), while the price for Singapore ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Germany (+4.0%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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