Indonesia: Market for Tiles, Flagstones And Similar Articles Of Cement, Concrete Or Artificial Stone 2024

Market Size for Tiles, Flagstones And Similar Articles Of Cement, Concrete Or Artificial Stone in Indonesia

The Indonesian market for tiles, flagstones and similar articles of cement, concrete or artificial stone fell to $X in 2021, with a decrease of -8% against the previous year. Overall, consumption enjoyed a buoyant increase. Over the period under review, the market reached the maximum level at $X in 2020, and then declined in the following year.

Production of Tiles, Flagstones And Similar Articles Of Cement, Concrete Or Artificial Stone in Indonesia

In value terms, production of tiles, flagstones and similar articles of cement, concrete or artificial stone fell to $X in 2021 estimated in export price. Over the period under review, production enjoyed a buoyant increase. The growth pace was the most rapid in 2015 when the production volume increased by 63% against the previous year. Production of peaked at $X in 2020, and then reduced in the following year.

Exports of Tiles, Flagstones And Similar Articles Of Cement, Concrete Or Artificial Stone

Exports from Indonesia

In 2021, overseas shipments of tiles, flagstones and similar articles of cement, concrete or artificial stone decreased by -54.2% to X tons, falling for the third consecutive year after four years of growth. Overall, exports faced a abrupt decline. The most prominent rate of growth was recorded in 2017 with an increase of 45%. Over the period under review, the exports of attained the maximum at X tons in 2018; however, from 2019 to 2021, the exports failed to regain momentum.

In value terms, exports of tiles, flagstones and similar articles of cement, concrete or artificial stone shrank markedly to $X in 2021. Over the period under review, exports saw a perceptible downturn. The most prominent rate of growth was recorded in 2013 when exports increased by 21%. Over the period under review, the exports of reached the peak figure at $X in 2019; however, from 2020 to 2021, the exports remained at a lower figure.

Exports by Country

Australia (X tons), the United States (X tons) and South Korea (X tons) were the main destinations of exports of tiles, flagstones and similar articles of cement, concrete or artificial stone from Indonesia, with a combined 53% share of total exports.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by South Korea (with a CAGR of +44.0%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for tiles, flagstones and similar articles of cement, concrete or artificial stone exported from Indonesia were Australia ($X), the United States ($X) and France ($X), together comprising 75% of total exports. Japan, the UK, the Netherlands, South Korea, Singapore, Belgium, Germany, Malaysia and the Philippines lagged somewhat behind, together accounting for a further 16%.

In terms of the main countries of destination, South Korea, with a CAGR of +25.1%, 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

In 2021, the average export price for tiles, flagstones and similar articles of cement, concrete or artificial stone amounted to $X per ton, with an increase of 59% against the previous year. Overall, the export price posted a prominent increase. The most prominent rate of growth was recorded in 2020 when the average export price increased by 61% against the previous year. Over the period under review, the average export prices attained the maximum in 2021 and is likely to continue growth in the immediate term.

There were significant differences in the average prices for the major overseas markets. In 2021, the country with the highest price was the United States ($X per ton), while the average price for exports to the Philippines ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Australia (+16.9%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Tiles, Flagstones And Similar Articles Of Cement, Concrete Or Artificial Stone

Imports into Indonesia

In 2021, supplies from abroad of tiles, flagstones and similar articles of cement, concrete or artificial stone increased by 16% to X tons, rising for the second consecutive year after two years of decline. Overall, total imports indicated noticeable growth from 2012 to 2021: its volume increased at an average annual rate of +2.9% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports increased by +34.1% against 2019 indices. The growth pace was the most rapid in 2017 with an increase of 168%. As a result, imports reached the peak of X tons. From 2018 to 2021, the growth of imports of remained at a lower figure.

In value terms, imports of tiles, flagstones and similar articles of cement, concrete or artificial stone soared to $X in 2021. In general, imports, however, showed a slight slump. The pace of growth appeared the most rapid in 2013 with an increase of 56% against the previous year. Imports peaked at $X in 2014; however, from 2015 to 2021, imports remained at a lower figure.

Imports by Country

In 2021, China (X tons) constituted the largest supplier of tiles, flagstones and similar articles of cement, concrete or artificial stone to Indonesia, with a 48% share of total imports. Moreover, imports of tiles, flagstones and similar articles of cement, concrete or artificial stone from China exceeded the figures recorded by the second-largest supplier, India (X tons), threefold. The third position in this ranking was held by Italy (X tons), with a 7.5% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from China was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: India (+82.5% per year) and Italy (+4.4% per year).

In value terms, China ($X), Japan ($X) and India ($X) constituted the largest tiles, flagstones and similar articles of cement, concrete or artificial stone suppliers to Indonesia, together comprising 69% of total imports. These countries were followed by South Korea, Spain, Italy, Taiwan (Chinese) and Singapore, which together accounted for a further 27%.

Taiwan (Chinese), with a CAGR of +75.7%, saw the highest growth rate of the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2021, the average import price for tiles, flagstones and similar articles of cement, concrete or artificial stone amounted to $X per ton, rising by 30% against the previous year. Over the period under review, the import price, however, saw a pronounced shrinkage. The growth pace was the most rapid in 2016 when the average import price increased by 150% against the previous year. As a result, import price reached the peak level of $X per ton. From 2017 to 2021, the average import prices remained at a somewhat lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2021, the country with the highest price was Japan ($X per ton), while the price for China ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Taiwan (Chinese) (+11.6%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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