Indonesia: Market for Tyres For Agriculture, Forestry, Construction, Industry And Other Off The Road Vehicles 2024

Market Size for Tyres For Agriculture, Forestry, Construction, Industry And Other Off The Road Vehicles in Indonesia

The Indonesian market for tyres for agriculture, forestry, construction, industry and other off the road vehicles surged to $X in 2022, growing by 17% against the previous year. In general, consumption, however, saw a slight decline. As a result, consumption attained the peak level of $X. From 2014 to 2022, the growth of the market remained at a somewhat lower figure.

Production of Tyres For Agriculture, Forestry, Construction, Industry And Other Off The Road Vehicles in Indonesia

In value terms, production of tyres for agriculture, forestry, construction, industry and other off the road vehicles rose slightly to $X in 2022 estimated in export price. Over the period under review, production, however, continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2013 when the production volume increased by 85%. As a result, production attained the peak level of $X. From 2014 to 2022, production of growth remained at a lower figure.

Exports of Tyres For Agriculture, Forestry, Construction, Industry And Other Off The Road Vehicles

Exports from Indonesia

In 2022, shipments abroad of tyres for agriculture, forestry, construction, industry and other off the road vehicles increased by 42% to X units, rising for the second year in a row after three years of decline. Overall, total exports indicated resilient growth from 2012 to 2022: its volume increased at an average annual rate of +8.5% 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 +70.7% against 2020 indices. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

In value terms, exports of tyres for agriculture, forestry, construction, industry and other off the road vehicles surged to $X in 2022. Over the period under review, total exports indicated a slight expansion from 2012 to 2022: its value increased at an average annual rate of +1.1% 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 +65.5% against 2020 indices. Over the period under review, the exports of tyres for agriculture, forestry, construction, industry and other off road vehicles hit record highs at $X in 2014; however, from 2015 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Japan (X units), Belgium (X units) and the United States (X units) were the main destinations of exports of tyres for agriculture, forestry, construction, industry and other off the road vehicles from Indonesia, with a combined 46% share of total exports. Papua New Guinea, Malaysia, Germany, Colombia, Peru, Australia, Brazil, Poland, Saudi Arabia and Timor-Leste lagged somewhat behind, together comprising a further 36%.

From 2012 to 2022, the biggest increases were recorded for Papua New Guinea (with a CAGR of +56.5%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for agricultural, construction and industrial machinery tyre exported from Indonesia were Japan ($X), the United States ($X) and Belgium ($X), together accounting for 48% of total exports. Germany, Malaysia, Papua New Guinea, Poland, Colombia, Peru, Australia, Brazil, Timor-Leste and Saudi Arabia lagged somewhat behind, together comprising a further 33%.

Peru, with a CAGR of +30.4%, recorded the highest growth rate of the value of exports, among 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

The average export price for tyres for agriculture, forestry, construction, industry and other off the road vehicles stood at $X per unit in 2022, declining by -8.4% against the previous year. In general, the export price continues to indicate a abrupt setback. The growth pace was the most rapid in 2020 an increase of 9.8%. The export price peaked at $X per unit in 2012; however, from 2013 to 2022, the export prices remained at a lower figure.

There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was the United States ($X per unit), while the average price for exports to Papua New Guinea ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to the United States (+3.9%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Tyres For Agriculture, Forestry, Construction, Industry And Other Off The Road Vehicles

Imports into Indonesia

In 2022, purchases abroad of tyres for agriculture, forestry, construction, industry and other off the road vehicles increased by 155% to X units, rising for the fourth year in a row after six years of decline. Overall, imports, however, recorded a perceptible curtailment. Imports peaked at X units in 2012; however, from 2013 to 2022, imports stood at a somewhat lower figure.

In value terms, imports of tyres for agriculture, forestry, construction, industry and other off the road vehicles skyrocketed to $X in 2022. In general, imports, however, saw a pronounced shrinkage. The most prominent rate of growth was recorded in 2017 with an increase of 31% against the previous year. Imports peaked at $X in 2012; however, from 2013 to 2022, imports remained at a lower figure.

Imports by Country

In 2022, Japan (X units) constituted the largest supplier of agricultural, construction and industrial machinery tyre to Indonesia, with a 73% share of total imports. Moreover, imports of tyres for agriculture, forestry, construction, industry and other off the road vehicles from Japan exceeded the figures recorded by the second-largest supplier, China (X units), sixfold. The third position in this ranking was taken by Singapore (X units), with a 6.8% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from Japan totaled +1.3%. The remaining supplying countries recorded the following average annual rates of imports growth: China (+2.3% per year) and Singapore (-13.4% per year).

In value terms, Japan ($X) constituted the largest supplier of tyres for agriculture, forestry, construction, industry and other off the road vehicles to Indonesia, comprising 63% of total imports. The second position in the ranking was held by China ($X), with a 17% share of total imports. It was followed by Singapore, with a 6.5% share.

From 2012 to 2022, the average annual rate of growth in terms of value from Japan totaled -3.2%. The remaining supplying countries recorded the following average annual rates of imports growth: China (+6.3% per year) and Singapore (-6.4% per year).

Import Prices by Country

In 2022, the average import price for tyres for agriculture, forestry, construction, industry and other off the road vehicles amounted to $X per unit, shrinking by -52.6% against the previous year. In general, the import price saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2013 when the average import price increased by 132% against the previous year. The import price peaked at $X per unit in 2018; however, from 2019 to 2022, import prices remained at a lower figure.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Belarus (+40.8%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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