Indonesia: Market for Table, Kitchen Or Household Articles Of Cast Iron 2024

Market Size for Table, Kitchen Or Household Articles Of Cast Iron in Indonesia

After three years of decline, the Indonesian cast iron household articles market increased by 2% to $X in 2022. Overall, consumption continues to indicate a perceptible shrinkage. As a result, consumption attained the peak level of $X. From 2016 to 2022, the growth of the market failed to regain momentum.

Production of Table, Kitchen Or Household Articles Of Cast Iron in Indonesia

In value terms, cast iron household articles production contracted rapidly to $X in 2022 estimated in export price. In general, production saw a deep reduction. The growth pace was the most rapid in 2015 when the production volume increased by 121%. As a result, production attained the peak level of $X. From 2016 to 2022, production growth remained at a somewhat lower figure.

Exports of Table, Kitchen Or Household Articles Of Cast Iron

Exports from Indonesia

In 2022, overseas shipments of table, kitchen or household articles of cast iron decreased by -81.3% to X tons for the first time since 2019, thus ending a two-year rising trend. In general, exports faced a precipitous contraction. The most prominent rate of growth was recorded in 2015 when exports increased by 204% against the previous year. As a result, the exports reached the peak of X tons. From 2016 to 2022, the growth of the exports remained at a lower figure.

In value terms, cast iron household articles exports shrank sharply to $X in 2022. Over the period under review, exports saw a dramatic contraction. The pace of growth appeared the most rapid in 2015 when exports increased by 253%. As a result, the exports reached the peak of $X. From 2016 to 2022, the growth of the exports failed to regain momentum.

Exports by Country

The United States (X tons) was the main destination for cast iron household articles exports from Indonesia, accounting for a 55% share of total exports. Moreover, cast iron household articles exports to the United States exceeded the volume sent to the second major destination, Malaysia (X tons), fourfold. The third position in this ranking was taken by Timor-Leste (X tons), with a 7.1% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to the United States stood at -28.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: Malaysia (+23.6% per year) and Timor-Leste (-19.5% per year).

In value terms, the United States ($X) remains the key foreign market for table, kitchen or household articles of cast iron exports from Indonesia, comprising 67% of total exports. The second position in the ranking was taken by Japan ($X), with a 9.1% share of total exports. It was followed by China, with a 4.3% share.

From 2012 to 2022, the average annual growth rate of value to the United States stood at -30.7%. Exports to the other major destinations recorded the following average annual rates of exports growth: Japan (-7.6% per year) and China (+7.9% per year).

Export Prices by Country

The average cast iron household articles export price stood at $X per ton in 2022, falling by -32.8% against the previous year. Overall, the export price recorded a noticeable shrinkage. The growth pace was the most rapid in 2018 when the average export price increased by 21% against the previous year. The export price peaked at $X per ton in 2013; however, from 2014 to 2022, 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 Japan ($X per ton), while the average price for exports to Malaysia ($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 China (+4.6%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Table, Kitchen Or Household Articles Of Cast Iron

Imports into Indonesia

In 2022, purchases abroad of table, kitchen or household articles of cast iron decreased by -20.4% to X tons, falling for the second year in a row after three years of growth. In general, imports showed a abrupt slump. The pace of growth appeared the most rapid in 2020 with an increase of 116%. As a result, imports attained the peak of X tons. From 2021 to 2022, the growth of imports failed to regain momentum.

In value terms, cast iron household articles imports soared to $X in 2022. Over the period under review, imports recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2020 with an increase of 94% against the previous year. As a result, imports attained the peak of $X. From 2021 to 2022, the growth of imports remained at a lower figure.

Imports by Country

In 2022, China (X tons) was the main cast iron household articles supplier to Indonesia, accounting for a 91% share of total imports. It was followed by Singapore (X tons), with a 2.4% share of total imports. The United States (X tons) ranked third in terms of total imports with a 2.1% share.

From 2012 to 2022, the average annual growth rate of volume from China totaled -6.0%. The remaining supplying countries recorded the following average annual rates of imports growth: Singapore (-24.0% per year) and the United States (+26.0% per year).

In value terms, China ($X) constituted the largest supplier of table, kitchen or household articles of cast iron to Indonesia, comprising 83% of total imports. The second position in the ranking was held by the United States ($X), with a 5.4% share of total imports. It was followed by Singapore, with a 1.6% share.

From 2012 to 2022, the average annual growth rate of value from China amounted to +2.0%. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (+21.8% per year) and Singapore (-22.9% per year).

Import Prices by Country

The average cast iron household articles import price stood at $X per ton in 2022, surging by 50% against the previous year. In general, the import price continues to indicate a buoyant increase. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+8.5%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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