Indonesia: Metal Threading Machine Market 2024

Metal Threading Machine Market Size in Indonesia

In 2021, the Indonesian metal threading machine market decreased by -11.3% to $X, falling for the second year in a row after two years of growth. Over the period under review, consumption saw a abrupt curtailment. Over the period under review, the market reached the maximum level at $X in 2013; however, from 2014 to 2021, consumption stood at a somewhat lower figure.

Metal Threading Machine Exports

Exports from Indonesia

In 2021, shipments abroad of threading or tapping machines for working metal decreased by -46% to X units for the first time since 2016, thus ending a four-year rising trend. In general, exports showed a slight shrinkage. The most prominent rate of growth was recorded in 2020 when exports increased by 731%. As a result, the exports attained the peak of X units, and then reduced sharply in the following year.

In value terms, metal threading machine exports dropped rapidly to $X in 2021. Over the period under review, exports saw a noticeable slump. The most prominent rate of growth was recorded in 2020 when exports increased by 749%. As a result, the exports attained the peak of $X, and then contracted significantly in the following year.

Exports by Country

Malaysia (X units), Vietnam (X units) and China (X units) were the main destinations of metal threading machine exports from Indonesia, with a combined 67% share of total exports. These countries were followed by Singapore, Japan, Taiwan (Chinese) and Thailand, which together accounted for a further 28%.

From 2012 to 2021, the biggest increases were recorded for Japan (with a CAGR of +36.1%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Malaysia ($X), Singapore ($X) and Vietnam ($X) appeared to be the largest markets for metal threading machine exported from Indonesia worldwide, together comprising 68% of total exports.

In terms of the main countries of destination, Vietnam, with a CAGR of +13.5%, saw the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced mixed trend patterns.

Export Prices by Country

The average metal threading machine export price stood at $X per unit in 2021, with a decrease of -18.6% against the previous year. In general, the export price continues to indicate a pronounced decline. The most prominent rate of growth was recorded in 2014 an increase of 129%. As a result, the export price reached the peak level of $X per unit. From 2015 to 2021, the average export prices remained at a lower figure.

There were significant differences in the average prices for the major overseas markets. In 2021, amid the top suppliers, the country with the highest price was Singapore ($X per unit), while the average price for exports to Thailand ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Singapore (+6.4%), while the prices for the other major destinations experienced a decline.

Metal Threading Machine Imports

Imports into Indonesia

In 2021, purchases abroad of threading or tapping machines for working metal decreased by -7.5% to X units, falling for the second year in a row after two years of growth. Over the period under review, imports saw a abrupt decline. The pace of growth was the most pronounced in 2018 with an increase of 33%. Imports peaked at X units in 2013; however, from 2014 to 2021, imports remained at a lower figure.

In value terms, metal threading machine imports shrank markedly to $X in 2021. Overall, imports showed a abrupt slump. The pace of growth was the most pronounced in 2018 with an increase of 90%. Over the period under review, imports attained the peak figure at $X in 2013; however, from 2014 to 2021, imports failed to regain momentum.

Imports by Country

In 2021, China (X units) constituted the largest metal threading machine supplier to Indonesia, accounting for a 65% share of total imports. Moreover, metal threading machine imports from China exceeded the figures recorded by the second-largest supplier, Taiwan (Chinese) (X units), fivefold. The third position in this ranking was taken by Singapore (X units), with a 7.9% share.

From 2012 to 2021, the average annual growth rate of volume from China was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: Taiwan (Chinese) (-11.4% per year) and Singapore (-8.1% per year).

In value terms, China ($X), Singapore ($X) and Taiwan (Chinese) ($X) were the largest metal threading machine suppliers to Indonesia, together comprising 59% of total imports. These countries were followed by Japan, South Korea, Turkey, Thailand and the United States, which together accounted for a further 18%.

Among the main suppliers, Turkey, with a CAGR of +51.6%, saw the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average metal threading machine import price stood at $X per unit in 2021, reducing by -10.5% against the previous year. Over the period under review, the import price continues to indicate a perceptible setback. The pace of growth was the most pronounced in 2018 an increase of 44%. The import price peaked at $X per unit in 2013; however, from 2014 to 2021, import prices stood at a somewhat lower figure.

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 Japan ($X per unit), while the price for China ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Turkey (+14.3%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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