Indonesia: Market for Table, Kitchen Or Household Articles And Parts Of Stainless Steel 2024

Market Size for Table, Kitchen Or Household Articles And Parts Of Stainless Steel in Indonesia

In 2022, the Indonesian stainless steel household articles market decreased by -1.4% to $X, falling for the second consecutive year after three years of growth. Overall, consumption, however, saw a relatively flat trend pattern. Stainless steel household articles consumption peaked at $X in 2020; however, from 2021 to 2022, consumption remained at a lower figure.

Production of Table, Kitchen Or Household Articles And Parts Of Stainless Steel in Indonesia

In value terms, stainless steel household articles production expanded slightly to $X in 2022 estimated in export price. Overall, production continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 with an increase of 45% against the previous year. Stainless steel household articles production peaked at $X in 2020; however, from 2021 to 2022, production stood at a somewhat lower figure.

Exports of Table, Kitchen Or Household Articles And Parts Of Stainless Steel

Exports from Indonesia

In 2022, the amount of table, kitchen or household articles and parts of stainless steel exported from Indonesia fell remarkably to X units, which is down by -44.8% on the previous year's figure. Over the period under review, exports showed a deep contraction. The most prominent rate of growth was recorded in 2021 with an increase of 20%. The exports peaked at X units in 2014; however, from 2015 to 2022, the exports stood at a somewhat lower figure.

In value terms, stainless steel household articles exports contracted remarkably to $X in 2022. Overall, exports showed a abrupt decrease. The growth pace was the most rapid in 2013 with an increase of 19% against the previous year. The exports peaked at $X in 2014; however, from 2015 to 2022, the exports remained at a lower figure.

Exports by Country

Saudi Arabia (X units), India (X units) and Belgium (X units) were the main destinations of stainless steel household articles exports from Indonesia, together accounting for 46% of total exports. Singapore, the United States, Australia, Benin, Mali, Venezuela, Malaysia, Ethiopia, the UK and Latvia lagged somewhat behind, together accounting for a further 27%.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Benin (with a CAGR of +30.5%), while the other leaders experienced more modest paces of growth.

In value terms, Saudi Arabia ($X) remains the key foreign market for table, kitchen or household articles and parts of stainless steel exports from Indonesia, comprising 40% of total exports. The second position in the ranking was taken by Belgium ($X), with an 11% share of total exports. It was followed by the United States, with a 5.2% share.

From 2012 to 2022, the average annual growth rate of value to Saudi Arabia stood at -9.3%. Exports to the other major destinations recorded the following average annual rates of exports growth: Belgium (-1.9% per year) and the United States (-22.1% per year).

Export Prices by Country

In 2022, the average stainless steel household articles export price amounted to $X per unit, surging by 52% against the previous year. Over the period under review, export price indicated resilient growth from 2012 to 2022: its price increased at an average annual rate of +7.6% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, stainless steel household articles export price increased by +100.7% against 2018 indices. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Saudi Arabia ($X per unit), while the average price for exports to Ethiopia ($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 Benin (+13.6%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Table, Kitchen Or Household Articles And Parts Of Stainless Steel

Imports into Indonesia

Stainless steel household articles imports into Indonesia fell remarkably to X units in 2022, waning by -22.8% compared with the previous year. Overall, imports saw a perceptible descent. The most prominent rate of growth was recorded in 2018 with an increase of 78%. Imports peaked at X units in 2016; however, from 2017 to 2022, imports remained at a lower figure.

In value terms, stainless steel household articles imports declined to $X in 2022. In general, imports, however, continue to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2018 when imports increased by 114% against the previous year. Over the period under review, imports reached the maximum at $X in 2019; however, from 2020 to 2022, imports failed to regain momentum.

Imports by Country

In 2022, China (X units) was the main stainless steel household articles supplier to Indonesia, with a 96% share of total imports. It was followed by India (X units), with a 1.7% share of total imports.

From 2012 to 2022, the average annual rate of growth in terms of volume from China stood at -1.6%.

In value terms, China ($X) constituted the largest supplier of table, kitchen or household articles and parts of stainless steel to Indonesia, comprising 97% of total imports. The second position in the ranking was held by India ($X), with a 0.6% share of total imports.

From 2012 to 2022, the average annual growth rate of value from China totaled +2.0%.

Import Prices by Country

The average stainless steel household articles import price stood at $X per unit in 2022, growing by 15% against the previous year. Over the period under review, import price indicated a pronounced increase from 2012 to 2022: its price increased at an average annual rate of +2.8% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, stainless steel household articles import price increased by +20.0% against 2020 indices. The pace of growth appeared the most rapid in 2017 an increase of 80%. Over the period under review, average import prices attained the maximum at $X per unit in 2018; however, from 2019 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 China ($X per unit), while the price for India stood at $X per unit.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+3.7%).

Source: IndexBox Platform

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