Report Update Nov 1, 2024

Indonesia - Tankers - Market Analysis, Forecast, Size, Trends and Insights

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Indonesia: Tanker Market 2024

Tanker Market Size in Indonesia

The Indonesian tanker market was finally on the rise to reach $X in 2021, after three years of decline. Over the period under review, consumption recorded prominent growth. Tanker consumption peaked at $X in 2017; however, from 2018 to 2021, consumption stood at a somewhat lower figure.

Tanker Exports

Exports from Indonesia

In 2021, shipments abroad of tankers decreased by 0% to X units, falling for the second consecutive year after two years of growth. In general, exports recorded a relatively flat trend pattern. The growth pace was the most rapid in 2016 with an increase of 133%. As a result, the exports attained the peak of X units. From 2017 to 2021, the growth of the exports remained at a lower figure.

In value terms, tanker exports skyrocketed to $X in 2021. Overall, exports recorded a tangible increase. Over the period under review, the exports hit record highs at $X in 2016; however, from 2017 to 2021, the exports remained at a lower figure.

Exports by Country

Bangladesh (X units) was the main destination for tanker exports from Indonesia, with a approx. 100% share of total exports.

From 2012 to 2021, the average annual growth rate of volume to Bangladesh was relatively modest.

In value terms, Singapore ($X) emerged as the key foreign market for tankers exports from Indonesia, comprising 99% of total exports. The second position in the ranking was held by Bangladesh ($X), with a 1.3% share of total exports.

From 2012 to 2021, the average annual rate of growth in terms of value to Singapore amounted to +121.6%.

Export Prices by Country

In 2021, the average tanker export price amounted to $X per unit, jumping by 1,118% against the previous year. Overall, the export price continues to indicate a noticeable expansion. Over the period under review, the average export prices hit record highs at $X per unit in 2017; however, from 2018 to 2021, the export prices remained at a lower figure.

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 Bangladesh stood at $X per unit.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Singapore (-6.5%).

Tanker Imports

Imports into Indonesia

In 2021, tanker imports into Indonesia rose rapidly to X units, surging by 6.1% on the previous year. Over the period under review, imports saw a moderate increase. The most prominent rate of growth was recorded in 2016 when imports increased by 100%. Imports peaked in 2021 and are likely to continue growth in years to come.

In value terms, tanker imports skyrocketed to $X in 2021. In general, imports recorded a strong expansion. The growth pace was the most rapid in 2014 when imports increased by 158% against the previous year. Over the period under review, imports attained the peak figure in 2021 and are expected to retain growth in the near future.

Imports by Country

In 2021, Singapore (X units) constituted the largest supplier of tanker to Indonesia, with a 37% share of total imports. Moreover, tanker imports from Singapore exceeded the figures recorded by the second-largest supplier, South Korea (X units), twofold. India (X units) ranked third in terms of total imports with an 11% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from Singapore amounted to +17.7%. The remaining supplying countries recorded the following average annual rates of imports growth: South Korea (+13.0% per year) and India (+18.9% per year).

In value terms, South Korea ($X) constituted the largest supplier of tankers to Indonesia, comprising 51% of total imports. The second position in the ranking was held by Singapore ($X), with a 12% share of total imports. It was followed by Panama, with a 10% share.

From 2012 to 2021, the average annual rate of growth in terms of value from South Korea stood at +42.6%. The remaining supplying countries recorded the following average annual rates of imports growth: Singapore (+4.7% per year) and Panama (+61.0% per year).

Import Prices by Country

The average tanker import price stood at $X per unit in 2021, rising by 20% against the previous year. Overall, the import price enjoyed a remarkable increase. The most prominent rate of growth was recorded in 2013 an increase of 90%. The import price peaked in 2021 and is likely to see gradual growth in years to come.

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 South Korea ($X per unit), while the price for Hong Kong SAR ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Malta (+95.2%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for tankers in the world?

The countries with the highest volumes of in 2021 were China, Germany and Indonesia, together accounting for 54% of global consumption. These countries were followed by Poland, Brazil, Belgium and France, which together accounted for a further 34%.

What are the largest producers of tankers in the world?

The countries with the highest volumes of in 2021 were China, Germany and South Korea, with a combined 90% share of global production.

What are the leading suppliers of tankers to Indonesia?

In value terms, South Korea, Japan and Niue appeared to be the largest tanker suppliers to Indonesia, together comprising 55% of total imports.

What are the leading importers of tankers from Indonesia?

In value terms, the largest markets for tanker exported from Indonesia were South Korea, Singapore and Bangladesh, with a combined 25% share of total exports.

What is the average export price for tankers in Indonesia?

The average tanker export price stood at $892,884 per unit in 2021, remaining stable against the previous year.

What is the average import price for tankers in Indonesia?

In 2021, the average tanker import price amounted to $1,235 per unit, stabilizing at the previous year.

This report provides an in-depth analysis of the tanker market in Indonesia. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.

Product coverage:

Prodcom 30112210 - Crude oil tankers
Prodcom 30112230 - Oil product tankers
Prodcom 30112250 - Chemical tankers
Prodcom 30112270 - Gas carriers

Country coverage:

Indonesia

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in Indonesia
Export and import prices
Market trends, drivers and restraints
Key market players and their profiles

Reasons to buy this report:

Take advantage of the latest data
Find deeper insights into current market developments
Discover vital success factors affecting the market

This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:

How to diversify your business and benefit from new market opportunities
How to load your idle production capacity
How to boost your sales on overseas markets
How to increase your profit margins
How to make your supply chain more sustainable
How to reduce your production and supply chain costs
How to outsource production to other countries
How to prepare your business for global expansion

While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.

1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business
1. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects
1. MARKET SIZE
2. MARKET STRUCTURE
3. TRADE BALANCE
4. PER CAPITA CONSUMPTION
5. MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. TOP EXPORTING COUNTRIES
4. LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2023
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO
LIST OF TABLES
1. Key Findings In 2023
2. Market Volume, In Physical Terms, 2012–2023
3. Market Value, 2012–2023
4. Per Capita Consumption In 2012-2023
5. Imports, In Physical Terms, By Country, 2012–2023
6. Imports, In Value Terms, By Country, 2012–2023
7. Import Prices, By Country Of Origin, 2012–2023
8. Exports, In Physical Terms, By Country, 2012–2023
9. Exports, In Value Terms, By Country, 2012–2023
10. Export Prices, By Country Of Destination, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
5. Trade Balance, In Physical Terms, 2012-2023
6. Trade Balance, In Value Terms, 2012-2023
7. Per Capita Consumption, 2012-2023
8. Market Volume Forecast to 2030
9. Market Value Forecast to 2030
10. Products: Market Size And Growth, By Type
11. Products: Average Per Capita Consumption, By Type
12. Products: Exports And Growth, By Type
13. Products: Export Prices And Growth, By Type
14. Production Volume And Growth
15. Exports And Growth
16. Export Prices And Growth
17. Market Size And Growth
18. Per Capita Consumption
19. Imports And Growth
20. Import Prices
21. Production, In Physical Terms, 2012–2023
22. Production, In Value Terms, 2012–2023
23. Imports, In Physical Terms, 2012–2023
24. Imports, In Value Terms, 2012–2023
25. Imports, In Physical Terms, By Country, 2023
26. Imports, In Physical Terms, By Country, 2012–2023
27. Imports, In Value Terms, By Country, 2012–2023
28. Import Prices, By Country Of Origin, 2012–2023
29. Exports, In Physical Terms, 2012–2023
30. Exports, In Value Terms, 2012–2023
31. Exports, In Physical Terms, By Country, 2023
32. Exports, In Physical Terms, By Country, 2012–2023
33. Exports, In Value Terms, By Country, 2012–2023
34. Export Prices, By Country Of Destination, 2012–2023