Indonesia: Tap And Valve Market 2024

Tap And Valve Exports

Exports from Indonesia

In 2022, overseas shipments of taps, cocks, valves and similar appliances increased by 9.5% to X tons, rising for the second year in a row after two years of decline. The total export volume increased at an average annual rate of +5.0% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2021 when exports increased by 32%. Over the period under review, the exports attained the peak figure in 2022 and are likely to see gradual growth in the immediate term.

In value terms, tap and valve exports soared to $X in 2022. In general, total exports indicated a strong increase from 2012 to 2022: its value increased at an average annual rate of +5.3% 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 +88.6% against 2017 indices. The growth pace was the most rapid in 2021 with an increase of 45% against the previous year. The exports peaked in 2022 and are expected to retain growth in the immediate term.

Exports by Country

The United States (X tons) was the main destination for tap and valve exports from Indonesia, with a 48% share of total exports. Moreover, tap and valve exports to the United States exceeded the volume sent to the second major destination, Myanmar (X tons), twofold. Taiwan (Chinese) (X tons) ranked third in terms of total exports with a 9.2% share.

From 2012 to 2022, the average annual growth rate of volume to the United States stood at +7.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: Myanmar (+68.7% per year) and Taiwan (Chinese) (+14.6% per year).

In value terms, the largest markets for tap and valve exported from Indonesia were the United States ($X), Myanmar ($X) and Singapore ($X), together comprising 81% of total exports.

Among the main countries of destination, Myanmar, with a CAGR of +84.7%, recorded 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 tap and valve export price stood at $X per ton in 2022, picking up by 10% against the previous year. In general, the export price continues to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2014 an increase of 13% against the previous year. As a result, the export price reached the peak level of $X per ton. From 2015 to 2022, the average export prices remained at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Japan ($X per ton), while the average price for exports to Timor-Leste ($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 Japan (+10.0%), while the prices for the other major destinations experienced more modest paces of growth.

Tap And Valve Imports

Imports into Indonesia

In 2022, supplies from abroad of taps, cocks, valves and similar appliances increased by 14% to X tons, rising for the fifth year in a row after four years of decline. The total import volume increased at an average annual rate of +3.3% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2013 when imports increased by 26% against the previous year. Over the period under review, imports attained the maximum in 2022 and are expected to retain growth in years to come.

In value terms, tap and valve imports surged to $X in 2022. In general, total imports indicated a perceptible expansion from 2012 to 2022: its value increased at an average annual rate of +4.0% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +46.5% against 2020 indices. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2022, Myanmar (X tons) constituted the largest tap and valve supplier to Indonesia, accounting for a 83% share of total imports. Moreover, tap and valve imports from Myanmar exceeded the figures recorded by the second-largest supplier, Singapore (X tons), more than tenfold. The third position in this ranking was held by China (X tons), with a 4% share.

From 2012 to 2022, the average annual growth rate of volume from Myanmar amounted to +1,417.7%. The remaining supplying countries recorded the following average annual rates of imports growth: Singapore (-2.1% per year) and China (-20.1% per year).

In value terms, Myanmar ($X) constituted the largest supplier of taps, cocks, valves and similar appliances to Indonesia, comprising 81% of total imports. The second position in the ranking was held by Japan ($X), with a 3.9% share of total imports. It was followed by Vietnam, with a 3.7% share.

From 2012 to 2022, the average annual growth rate of value from Myanmar amounted to +779.9%. The remaining supplying countries recorded the following average annual rates of imports growth: Japan (-12.3% per year) and Vietnam (+54.7% per year).

Import Prices by Country

In 2022, the average tap and valve import price amounted to $X per ton, with an increase of 8% against the previous year. Over the period under review, the import price recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2021 when the average import price increased by 18%. Over the period under review, average import prices hit record highs in 2022 and is likely to see steady 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 the United States ($X per ton), while the price for Singapore ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Vietnam (+17.2%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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