Indonesia: Market for Tube Or Pipe Fittings (Of Iron Or Steel) 2025

Market Size for Tube Or Pipe Fittings (Of Iron Or Steel) in Indonesia

The Indonesian market for tube or pipe fittings (of iron or steel) reduced slightly to $X in 2022, with a decrease of -2.4% against the previous year. The market value increased at an average annual rate of +1.9% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, consumption reached the peak level of $X. From 2019 to 2022, the growth of the market remained at a lower figure.

Production of Tube Or Pipe Fittings (Of Iron Or Steel) in Indonesia

In value terms, iron or steel tube fitting production stood at $X in 2022 estimated in export price. Over the period under review, the total production indicated measured growth from 2012 to 2022: its value increased at an average annual rate of +4.7% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production decreased by -4.0% against 2018 indices. The pace of growth was the most pronounced in 2018 when the production volume increased by 40% against the previous year. As a result, production attained the peak level of $X. From 2019 to 2022, production growth remained at a lower figure.

Exports of Tube Or Pipe Fittings (Of Iron Or Steel)

Exports from Indonesia

In 2022, shipments abroad of tube or pipe fittings (of iron or steel) increased by 33% to X tons, rising for the fifth year in a row after two years of decline. In general, total exports indicated a buoyant expansion from 2012 to 2022: its volume increased at an average annual rate of +5.7% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +106.5% against 2017 indices. The pace of growth appeared the most rapid in 2013 with an increase of 34% against the previous year. The exports peaked in 2022 and are expected to retain growth in the immediate term.

In value terms, iron or steel tube fitting exports surged to $X in 2022. Overall, total exports indicated a temperate increase from 2012 to 2022: its value increased at an average annual rate of +4.1% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +45.0% against 2020 indices. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Exports by Country

The United States (X tons), Singapore (X tons) and Italy (X tons) were the main destinations of iron or steel tube fitting exports from Indonesia, together accounting for 58% of total exports. Timor-Leste, Japan, Saudi Arabia, Poland, the UK, Thailand, the United Arab Emirates and Malaysia lagged somewhat behind, together comprising a further 28%.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Poland (with a CAGR of +48.0%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for iron or steel tube fitting exported from Indonesia were the United States ($X), Singapore ($X) and Italy ($X), with a combined 46% share of total exports. Saudi Arabia, Japan, the United Arab Emirates, Thailand, Malaysia, Timor-Leste, Poland and the UK lagged somewhat behind, together comprising a further 28%.

In terms of the main countries of destination, Poland, with a CAGR of +59.1%, saw the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average export price for tube or pipe fittings (of iron or steel) stood at $X per ton in 2022, standing approx. at the previous year. Overall, the export price, however, showed a slight slump. The pace of growth was the most pronounced in 2017 an increase of 9.4%. Over the period under review, the average export prices reached the maximum at $X per ton in 2019; however, from 2020 to 2022, the export prices stood at a somewhat lower figure.

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 Arab Emirates ($X per ton), while the average price for exports to Timor-Leste ($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 Thailand (+7.7%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Tube Or Pipe Fittings (Of Iron Or Steel)

Imports into Indonesia

In 2022, iron or steel tube fitting imports into Indonesia reduced slightly to X tons, therefore, remained relatively stable against 2021 figures. Overall, imports recorded a perceptible shrinkage. The pace of growth appeared the most rapid in 2018 with an increase of 81% against the previous year. Imports peaked at X tons in 2013; however, from 2014 to 2022, imports stood at a somewhat lower figure.

In value terms, iron or steel tube fitting imports surged to $X in 2022. Over the period under review, imports recorded a pronounced reduction. The most prominent rate of growth was recorded in 2018 with an increase of 77% against the previous year. Over the period under review, imports hit record highs at $X in 2012; however, from 2013 to 2022, imports stood at a somewhat lower figure.

Imports by Country

China (X tons), South Korea (X tons) and Singapore (X tons) were the main suppliers of iron or steel tube fitting imports to Indonesia, with a combined 80% share of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by South Korea (with a CAGR of +7.0%), while imports for the other leaders experienced a decline.

In value terms, the largest iron or steel tube fitting suppliers to Indonesia were China ($X), Singapore ($X) and South Korea ($X), with a combined 63% share of total imports. Japan, Thailand, Italy, Malaysia and Taiwan (Chinese) lagged somewhat behind, together comprising a further 23%.

In terms of the main suppliers, Thailand, with a CAGR of +4.4%, saw the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the average import price for tube or pipe fittings (of iron or steel) amounted to $X per ton, jumping by 20% against the previous year. Over the last decade, it increased at an average annual rate of +1.1%. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

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 Thailand ($X per ton), while the price for South Korea ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Thailand (+8.1%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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