Indonesia: Market for Tubes, Pipes And Hollow Profiles (Of Iron Or Steel) 2024

Market Size for Tubes, Pipes And Hollow Profiles (Of Iron Or Steel) in Indonesia

In 2021, the Indonesian market for tubes, pipes and hollow profiles (of iron or steel) decreased by -1.7% to $X, falling for the third consecutive year after three years of growth. In general, the total consumption indicated prominent growth from 2012 to 2021: its value increased at an average annual rate of +5.4% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption decreased by -7.3% against 2018 indices. Over the period under review, the market attained the peak level at $X in 2018; however, from 2019 to 2021, consumption stood at a somewhat lower figure.

Production of Tubes, Pipes And Hollow Profiles (Of Iron Or Steel) in Indonesia

In value terms, production of tubes, pipes and hollow profiles (of iron or steel) expanded to $X in 2021 estimated in export price. Overall, the total production indicated a remarkable increase from 2012 to 2021: its value increased at an average annual rate of +8.1% 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 -9.8% against 2018 indices. The most prominent rate of growth was recorded in 2013 when the production volume increased by 38%. Over the period under review, production of reached the maximum level at $X in 2018; however, from 2019 to 2021, production remained at a lower figure.

Exports of Tubes, Pipes And Hollow Profiles (Of Iron Or Steel)

Exports from Indonesia

In 2021, overseas shipments of tubes, pipes and hollow profiles (of iron or steel) increased by 6.7% to X tons for the first time since 2018, thus ending a two-year declining trend. Overall, exports, however, showed a abrupt shrinkage. The pace of growth appeared the most rapid in 2017 with an increase of 81% against the previous year. The exports peaked at X tons in 2015; however, from 2016 to 2021, the exports failed to regain momentum.

In value terms, exports of tubes, pipes and hollow profiles (of iron or steel) soared to $X in 2021. In general, exports, however, continue to indicate a abrupt curtailment. The pace of growth appeared the most rapid in 2018 with an increase of 55% against the previous year. Over the period under review, the exports of hit record highs at $X in 2015; however, from 2016 to 2021, the exports remained at a lower figure.

Exports by Country

The United Arab Emirates (X tons), Singapore (X tons) and Kuwait (X tons) were the main destinations of exports of tubes, pipes and hollow profiles (of iron or steel) from Indonesia, together comprising 44% of total exports. These countries were followed by Canada, Australia, Thailand, Japan, the United States, India, Qatar and Malaysia, which together accounted for a further 37%.

From 2012 to 2021, the biggest increases were recorded for Canada (with a CAGR of +17.0%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for iron or steel pipe and tube exported from Indonesia were the United Arab Emirates ($X), Australia ($X) and Singapore ($X), together accounting for 43% of total exports. These countries were followed by Kuwait, Canada, Japan, Qatar, India, Thailand, the United States and Malaysia, which together accounted for a further 30%.

Among the main countries of destination, Kuwait, with a CAGR of +17.8%, 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 tubes, pipes and hollow profiles (of iron or steel) amounted to $X per ton, with an increase of 18% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +3.3%. The most prominent rate of growth was recorded in 2016 an increase of 32% against the previous year. Over the period under review, the average export prices reached the peak figure in 2021 and is likely to continue growth in the near future.

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 Qatar ($X per ton), while the average price for exports to Canada ($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 (+14.9%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Tubes, Pipes And Hollow Profiles (Of Iron Or Steel)

Imports into Indonesia

In 2021, overseas purchases of tubes, pipes and hollow profiles (of iron or steel) decreased by -24.8% to X tons, falling for the second year in a row after three years of growth. Over the period under review, imports continue to indicate a deep contraction. The pace of growth appeared the most rapid in 2018 with an increase of 20% against the previous year. Over the period under review, imports of reached the peak figure at X tons in 2012; however, from 2013 to 2021, imports stood at a somewhat lower figure.

In value terms, imports of tubes, pipes and hollow profiles (of iron or steel) dropped markedly to $X in 2021. Overall, imports continue to indicate a abrupt setback. The most prominent rate of growth was recorded in 2018 with an increase of 51%. Imports peaked at $X in 2012; however, from 2013 to 2021, imports remained at a lower figure.

Imports by Country

In 2021, China (X tons) constituted the largest iron or steel pipe and tube supplier to Indonesia, accounting for a 45% share of total imports. Moreover, imports of tubes, pipes and hollow profiles (of iron or steel) from China exceeded the figures recorded by the second-largest supplier, South Korea (X tons), fourfold. Japan (X tons) ranked third in terms of total imports with an 11% share.

From 2012 to 2021, the average annual growth rate of volume from China stood at -7.6%. The remaining supplying countries recorded the following average annual rates of imports growth: South Korea (-0.6% per year) and Japan (-18.0% per year).

In value terms, the largest iron or steel pipe and tube suppliers to Indonesia were China ($X), Japan ($X) and South Korea ($X), with a combined 62% share of total imports. Germany, Singapore, Italy, Vietnam and India lagged somewhat behind, together comprising a further 20%.

Among the main suppliers, Germany, with a CAGR of +7.8%, recorded the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced mixed trend patterns.

Import Prices by Country

The average import price for tubes, pipes and hollow profiles (of iron or steel) stood at $X per ton in 2021, surging by 4.6% against the previous year. Overall, the import price, however, showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2018 an increase of 26% against the previous year. The import price peaked at $X per ton in 2013; however, from 2014 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 Germany ($X per ton), while the price for Vietnam ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Japan (+2.4%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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