Indonesia: Iron Household Articles Market 2025

Iron Household Articles Market Size in Indonesia

The Indonesian iron household articles market surged to $X in 2021, picking up by 19% against the previous year. Overall, the total consumption indicated a strong increase from 2012 to 2021: its value increased at an average annual rate of +5.7% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption decreased by -16.5% against 2017 indices. As a result, consumption attained the peak level of $X. From 2018 to 2021, the growth of the market failed to regain momentum.

Iron Household Articles Production in Indonesia

In value terms, iron household articles production skyrocketed to $X in 2021 estimated in export price. In general, production posted a remarkable increase. The pace of growth appeared the most rapid in 2017 with an increase of 86%. As a result, production attained the peak level of $X. From 2018 to 2021, production growth failed to regain momentum.

Iron Household Articles Exports

Exports from Indonesia

In 2021, overseas shipments of table, kitchen or household articles and parts of iron increased by 15% to X tons, rising for the second consecutive year after three years of decline. Overall, exports, however, continue to indicate a deep setback. The pace of growth appeared the most rapid in 2020 when exports increased by 127%. Over the period under review, the exports hit record highs at X tons in 2012; however, from 2013 to 2021, the exports remained at a lower figure.

In value terms, iron household articles exports surged to $X in 2021. Over the period under review, exports, however, showed a deep slump. The pace of growth was the most pronounced in 2020 when exports increased by 71% against the previous year. The exports peaked at $X in 2012; however, from 2013 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

The United States (X tons) was the main destination for iron household articles exports from Indonesia, with a 83% share of total exports. Moreover, iron household articles exports to the United States exceeded the volume sent to the second major destination, India (X tons), more than tenfold. Malaysia (X tons) ranked third in terms of total exports with a 3.1% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to the United States stood at -10.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: India (+39.0% per year) and Malaysia (+2.1% per year).

In value terms, the United States ($X) remains the key foreign market for table, kitchen or household articles and parts of iron exports from Indonesia, comprising 86% of total exports. The second position in the ranking was held by India ($X), with a 2.8% share of total exports. It was followed by New Zealand, with a 2.8% share.

From 2012 to 2021, the average annual growth rate of value to the United States stood at -8.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: India (+28.6% per year) and New Zealand (+29.1% per year).

Export Prices by Country

The average iron household articles export price stood at $X per ton in 2021, with an increase of 18% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +1.8%. Over the period under review, the average export prices attained the peak figure at $X per ton in 2019; however, from 2020 to 2021, 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 the United States ($X per ton), while the average price for exports to India ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to the United States (+2.2%), while the prices for the other major destinations experienced a decline.

Iron Household Articles Imports

Imports into Indonesia

In 2021, overseas purchases of table, kitchen or household articles and parts of iron increased by 15% to X tons, rising for the fourth year in a row after two years of decline. Over the period under review, imports posted a tangible expansion. The most prominent rate of growth was recorded in 2018 with an increase of 102%. Imports peaked at X tons in 2015; however, from 2016 to 2021, imports failed to regain momentum.

In value terms, iron household articles imports skyrocketed to $X in 2021. In general, total imports indicated a slight increase from 2012 to 2021: its value increased at an average annual rate of +1.2% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2018 with an increase of 134% against the previous year. Over the period under review, imports attained the peak figure in 2021 and are likely to see gradual growth in the immediate term.

Imports by Country

In 2021, China (X tons) was the main iron household articles supplier to Indonesia, with a 93% share of total imports. Moreover, iron household articles imports from China exceeded the figures recorded by the second-largest supplier, Malaysia (X tons), more than tenfold.

From 2012 to 2021, the average annual growth rate of volume from China totaled +3.7%. The remaining supplying countries recorded the following average annual rates of imports growth: Malaysia (+25.5% per year) and the United Arab Emirates (+1.7% per year).

In value terms, China ($X) constituted the largest supplier of table, kitchen or household articles and parts of iron to Indonesia, comprising 93% of total imports. The second position in the ranking was taken by Malaysia ($X), with a 3.5% share of total imports.

From 2012 to 2021, the average annual rate of growth in terms of value from China amounted to +2.0%. The remaining supplying countries recorded the following average annual rates of imports growth: Malaysia (+22.8% per year) and the United Arab Emirates (-6.5% per year).

Import Prices by Country

In 2021, the average iron household articles import price amounted to $X per ton, increasing by 3.5% against the previous year. In general, the import price, however, saw a pronounced slump. The most prominent rate of growth was recorded in 2017 when the average import price increased by 83%. The import price peaked at $X per ton in 2018; however, from 2019 to 2021, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major supplying countries. In 2021, amid the top importers, the country with the highest price was China ($X per ton), while the price for the United Arab Emirates ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by China (-1.6%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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