Indonesia: Market for Pneumatic Or Hydraulic Hand Tools 2024

Market Size for Pneumatic Or Hydraulic Hand Tools in Indonesia

The Indonesian market for pneumatic or hydraulic hand tools expanded significantly to $X in 2021, with an increase of 8.2% against the previous year. The market value increased at an average annual rate of +2.7% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. Over the period under review, the market hit record highs in 2021 and is likely to continue growth in the near future.

Production of Pneumatic Or Hydraulic Hand Tools in Indonesia

In value terms, pneumatic or hydraulic hand tool production reached $X in 2021 estimated in export price. Overall, the total production indicated modest growth from 2012 to 2021: its value increased at an average annual rate of +1.4% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, production decreased by -3.5% against 2019 indices. The most prominent rate of growth was recorded in 2014 when the production volume increased by 37%. Pneumatic or hydraulic hand tool production peaked at $X in 2019; however, from 2020 to 2021, production failed to regain momentum.

Exports of Pneumatic Or Hydraulic Hand Tools

Exports from Indonesia

In 2021, exports of pneumatic or hydraulic hand tools from Indonesia reduced rapidly to X tons, falling by -21.1% compared with the previous year's figure. In general, exports, however, saw a prominent increase. The most prominent rate of growth was recorded in 2020 when exports increased by 1,257%. As a result, the exports attained the peak of X tons, and then dropped significantly in the following year.

In value terms, pneumatic or hydraulic hand tool exports reduced markedly to $X in 2021. Overall, exports, however, showed tangible growth. The pace of growth was the most pronounced in 2020 with an increase of 1,320% against the previous year. As a result, the exports reached the peak of $X, and then shrank dramatically in the following year.

Exports by Country

The United States (X tons) was the main destination for pneumatic or hydraulic hand tool exports from Indonesia, accounting for a 71% share of total exports. Moreover, pneumatic or hydraulic hand tool exports to the United States exceeded the volume sent to the second major destination, Singapore (X tons), threefold. The third position in this ranking was held by Timor-Leste (X tons), with a 1.1% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to the United States amounted to +125.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: Singapore (+8.2% per year) and Timor-Leste (-20.9% per year).

In value terms, Singapore ($X), the United States ($X) and Timor-Leste ($X) appeared to be the largest markets for pneumatic or hydraulic hand tool exported from Indonesia worldwide, with a combined 94% share of total exports.

The United States, with a CAGR of +61.4%, saw the highest growth rate of the value of exports, in terms of the main countries of destination 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 pneumatic or hydraulic hand tools amounted to $X per ton, dropping by -43.5% against the previous year. In general, the export price showed a deep slump. The pace of growth appeared the most rapid in 2015 an increase of 108% against the previous year. As a result, the export price reached the peak level of $X per ton. From 2016 to 2021, the average export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Thailand ($X per ton), while the average price for exports to the United States ($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 Timor-Leste (+26.5%), while the prices for the other major destinations experienced mixed trend patterns.

Imports of Pneumatic Or Hydraulic Hand Tools

Imports into Indonesia

In 2021, supplies from abroad of pneumatic or hydraulic hand tools increased by 36% to X tons, rising for the second consecutive year after two years of decline. Over the period under review, total imports indicated a strong expansion from 2012 to 2021: its volume increased at an average annual rate of +5.5% 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 +47.4% against 2019 indices. The pace of growth appeared the most rapid in 2017 with an increase of 89%. Imports peaked in 2021 and are likely to see steady growth in the immediate term.

In value terms, pneumatic or hydraulic hand tool imports soared to $X in 2021. In general, imports showed a prominent expansion. The pace of growth appeared the most rapid in 2017 when imports increased by 68%. Imports peaked in 2021 and are expected to retain growth in the near future.

Imports by Country

In 2021, China (X tons) constituted the largest pneumatic or hydraulic hand tool supplier to Indonesia, accounting for a 89% share of total imports. It was followed by the United States (X tons), with a 2% share of total imports. Brazil (X tons) ranked third in terms of total imports with a 1.7% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from China totaled +6.2%. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (+12.0% per year) and Brazil (+14.7% per year).

In value terms, China ($X) constituted the largest supplier of pneumatic or hydraulic hand tools to Indonesia, comprising 57% of total imports. The second position in the ranking was taken by the United States ($X), with a 7.1% share of total imports. It was followed by Brazil, with a 6.1% share.

From 2012 to 2021, the average annual growth rate of value from China amounted to +16.6%. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (+12.9% per year) and Brazil (+20.0% per year).

Import Prices by Country

In 2021, the average import price for pneumatic or hydraulic hand tools amounted to $X per ton, rising by 3.4% against the previous year. In general, import price indicated a notable expansion from 2012 to 2021: its price increased at an average annual rate of +3.3% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, pneumatic or hydraulic hand tool import price decreased by -19.5% against 2019 indices. The pace of growth appeared the most rapid in 2018 when the average import price increased by 46% against the previous year. Over the period under review, average import prices attained the maximum at $X per ton in 2019; however, from 2020 to 2021, import prices remained at a 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 ($X per ton), while the price for China ($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) (+12.1%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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