Indonesia: Hand Stamp Market 2024

Hand Stamp Market Size in Indonesia

In 2022, the Indonesian hand stamp market increased by 19% to $X, rising for the second year in a row after three years of decline. In general, consumption enjoyed prominent growth. Over the period under review, the market hit record highs in 2022 and is likely to see steady growth in years to come.

Hand Stamp Exports

Exports from Indonesia

In 2022, approx. X units of stamps for use in the hand were exported from Indonesia; which is down by -56.3% on 2021 figures. Overall, exports faced a deep setback. The most prominent rate of growth was recorded in 2019 with an increase of 162% against the previous year. Over the period under review, the exports reached the maximum at X units in 2014; however, from 2015 to 2022, the exports failed to regain momentum.

In value terms, hand stamp exports dropped sharply to $X in 2022. Over the period under review, exports recorded a abrupt contraction. The pace of growth appeared the most rapid in 2021 with an increase of 163%. Over the period under review, the exports hit record highs at $X in 2014; however, from 2015 to 2022, the exports remained at a lower figure.

Exports by Country

Singapore (X units) was the main destination for hand stamp exports from Indonesia, with a 61% share of total exports. Moreover, hand stamp exports to Singapore exceeded the volume sent to the second major destination, China (X units), twofold. The third position in this ranking was held by Timor-Leste (X units), with a 4.5% share.

From 2012 to 2022, the average annual growth rate of volume to Singapore amounted to +14.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: China (+28.9% per year) and Timor-Leste (-26.9% per year).

In value terms, Singapore ($X) remains the key foreign market for stamps for use in the hand exports from Indonesia, comprising 91% of total exports. The second position in the ranking was taken by China ($X), with a 6.8% share of total exports. It was followed by the United States, with a 0.9% share.

From 2012 to 2022, the average annual growth rate of value to Singapore amounted to +33.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: China (+26.6% per year) and the United States (+43.8% per year).

Export Prices by Country

The average hand stamp export price stood at $X per unit in 2022, rising by 7.5% against the previous year. Overall, the export price showed buoyant growth. The pace of growth was the most pronounced in 2020 when the average export price increased by 143% against the previous year. The export price peaked in 2022 and is likely to continue growth in the near future.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Singapore ($X per unit), while the average price for exports to Timor-Leste ($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 Germany (+44.7%), while the prices for the other major destinations experienced more modest paces of growth.

Hand Stamp Imports

Imports into Indonesia

Hand stamp imports into Indonesia soared to X units in 2022, rising by 18% against the year before. Over the period under review, total imports indicated a temperate increase from 2012 to 2022: its volume increased at an average annual rate of +3.3% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +52.5% against 2020 indices. The pace of growth was the most pronounced in 2016 when imports increased by 50% against the previous year. Imports peaked in 2022 and are likely to see gradual growth in the near future.

In value terms, hand stamp imports skyrocketed to $X in 2022. In general, imports saw a prominent increase. The most prominent rate of growth was recorded in 2017 with an increase of 61% against the previous year. Over the period under review, imports hit record highs in 2022 and are likely to continue growth in the immediate term.

Imports by Country

In 2022, China (X units) constituted the largest hand stamp supplier to Indonesia, accounting for a 80% share of total imports. Moreover, hand stamp imports from China exceeded the figures recorded by the second-largest supplier, Hong Kong SAR (X units), more than tenfold. The third position in this ranking was taken by Singapore (X units), with a 3.4% share.

From 2012 to 2022, the average annual growth rate of volume from China amounted to +6.2%. The remaining supplying countries recorded the following average annual rates of imports growth: Hong Kong SAR (+38.3% per year) and Singapore (+8.0% per year).

In value terms, China ($X) constituted the largest supplier of stamps for use in the hand to Indonesia, comprising 58% of total imports. The second position in the ranking was held by Hong Kong SAR ($X), with a 9.3% share of total imports. It was followed by Singapore, with an 8.1% share.

From 2012 to 2022, the average annual growth rate of value from China amounted to +14.9%. The remaining supplying countries recorded the following average annual rates of imports growth: Hong Kong SAR (+44.4% per year) and Singapore (+10.9% per year).

Import Prices by Country

The average hand stamp import price stood at $X per unit in 2022, stabilizing at the previous year. In general, import price indicated a notable increase from 2012 to 2022: its price increased at an average annual rate of +3.0% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, hand stamp import price increased by +12.3% against 2019 indices. The pace of growth was the most pronounced in 2015 when the average import price increased by 54%. Over the period under review, average import prices attained the maximum at $X per unit in 2018; however, from 2019 to 2022, import prices remained at a lower figure.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Taiwan (Chinese) (+13.6%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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