Indonesia: Vacuum Vessel Market 2025

Vacuum Vessel Market Size in Indonesia

The Indonesian vacuum vessel market reduced to $X in 2022, declining by -2.3% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). In general, consumption showed a resilient expansion. Over the period under review, the market attained the peak level at $X in 2019; however, from 2020 to 2022, consumption remained at a lower figure.

Vacuum Vessel Exports

Exports from Indonesia

Vacuum vessel exports from Indonesia surged to X units in 2022, picking up by 168% compared with the year before. Overall, exports continue to indicate a slight expansion. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

In value terms, vacuum vessel exports surged to $X in 2022. In general, exports continue to indicate a modest expansion. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

Timor-Leste (X units) was the main destination for vacuum vessel exports from Indonesia, with a 71% share of total exports. Moreover, vacuum vessel exports to Timor-Leste exceeded the volume sent to the second major destination, Malaysia (X units), fivefold. The third position in this ranking was held by Nigeria (X units), with a 12% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Timor-Leste stood at +14.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: Malaysia (+3.3% per year) and Nigeria (-4.8% per year).

In value terms, Malaysia ($X), Timor-Leste ($X) and Nigeria ($X) appeared to be the largest markets for vacuum vessel exported from Indonesia worldwide, together accounting for 87% of total exports. Maldives lagged somewhat behind, accounting for a further 7.8%.

Maldives, with a CAGR of +23.0%, recorded 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 2022, the average vacuum vessel export price amounted to $X per unit, which is down by -33.5% against the previous year. Over the period under review, the export price, however, recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2019 when the average export price increased by 39% against the previous year. The export price peaked at $X per unit in 2021, and then contracted remarkably in the following year.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Malaysia ($X per unit), while the average price for exports to Timor-Leste ($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 Maldives (+19.3%), while the prices for the other major destinations experienced more modest paces of growth.

Vacuum Vessel Imports

Imports into Indonesia

In 2022, the amount of vacuum vessels imported into Indonesia rose notably to X units, picking up by 8.9% compared with the previous year's figure. Overall, imports showed a prominent increase. The growth pace was the most rapid in 2016 with an increase of 143% against the previous year. Imports peaked in 2022 and are likely to continue growth in the immediate term.

In value terms, vacuum vessel imports fell modestly to $X in 2022. In general, imports continue to indicate prominent growth. The growth pace was the most rapid in 2016 with an increase of 168%. Over the period under review, imports hit record highs at $X in 2019; however, from 2020 to 2022, imports failed to regain momentum.

Imports by Country

In 2022, China (X units) was the main vacuum vessel supplier to Indonesia, accounting for a approx. 98% share of total imports.

From 2012 to 2022, the average annual rate of growth in terms of volume from China totaled +15.0%.

In value terms, China ($X) constituted the largest supplier of vacuum vessels to Indonesia.

From 2012 to 2022, the average annual rate of growth in terms of value from China stood at +17.2%.

Import Prices by Country

The average vacuum vessel import price stood at $X per unit in 2022, falling by -10.8% against the previous year. Over the period under review, import price indicated a moderate increase from 2012 to 2022: its price increased at an average annual rate of +2.4% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, vacuum vessel import price decreased by -25.4% against 2018 indices. The most prominent rate of growth was recorded in 2018 an increase of 38%. As a result, import price reached the peak level of $X per unit. From 2019 to 2022, the average import prices remained at a somewhat lower figure.

As there is only one major supplying country, the average price level is determined by prices for China.

From 2012 to 2022, the rate of growth in terms of prices for China amounted to +1.9% per year.

Source: IndexBox Platform

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