Indonesia: Vices And Clamps Market 2025

Vices And Clamps Market Size in Indonesia

The Indonesian vices and clamps market soared to $X in 2022, jumping by 22% against the previous year. In general, consumption enjoyed strong growth. Vices and clamps consumption peaked in 2022 and is likely to continue growth in years to come.

Vices And Clamps Production in Indonesia

In value terms, vices and clamps production amounted to $X in 2022 estimated in export price. In general, production posted prominent growth. The pace of growth was the most pronounced in 2018 when the production volume increased by 71%. Vices and clamps production peaked at $X in 2020; however, from 2021 to 2022, production remained at a lower figure.

Vices And Clamps Exports

Exports from Indonesia

In 2022, shipments abroad of vices and clamps decreased by -32.6% to X tons for the first time since 2018, thus ending a three-year rising trend. Overall, exports saw a sharp setback. The most prominent rate of growth was recorded in 2016 with an increase of 223%. The exports peaked at X tons in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

In value terms, vices and clamps exports declined slightly to $X in 2022. In general, exports continue to indicate a abrupt decrease. The pace of growth was the most pronounced in 2016 with an increase of 190% against the previous year. Over the period under review, the exports reached the maximum at $X in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Malaysia (X tons), Timor-Leste (X tons) and Cambodia (X tons) were the main destinations of vices and clamps exports from Indonesia, together accounting for 40% of total exports. Australia, the Netherlands, Singapore, China, Vietnam, Thailand, the Philippines and Hong Kong SAR lagged somewhat behind, together accounting for a further 29%.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Hong Kong SAR (with a CAGR of +47.1%), while the other leaders experienced more modest paces of growth.

In value terms, Malaysia ($X) remains the key foreign market for vices and clamps exports from Indonesia, comprising 32% of total exports. The second position in the ranking was held by China ($X), with a 6.3% share of total exports. It was followed by Australia, with a 6.1% share.

From 2012 to 2022, the average annual growth rate of value to Malaysia amounted to -9.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: China (0.0% per year) and Australia (-14.7% per year).

Export Prices by Country

The average vices and clamps export price stood at $X per ton in 2022, surging by 45% against the previous year. Overall, the export price posted a resilient increase. The growth pace was the most rapid in 2018 when the average export price increased by 123%. Over the period under review, the average export prices hit record highs in 2022 and is likely to see gradual growth in years to come.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Thailand ($X per ton), while the average price for exports to Timor-Leste ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Thailand (+15.3%), while the prices for the other major destinations experienced more modest paces of growth.

Vices And Clamps Imports

Imports into Indonesia

Vices and clamps imports into Indonesia dropped notably to X tons in 2022, falling by -17% on the previous year's figure. Overall, imports showed a noticeable shrinkage. The most prominent rate of growth was recorded in 2021 when imports increased by 21%. Over the period under review, imports hit record highs at X tons in 2015; however, from 2016 to 2022, imports stood at a somewhat lower figure.

In value terms, vices and clamps imports surged to $X in 2022. In general, imports, however, recorded a relatively flat trend pattern. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2022, China (X tons) constituted the largest supplier of vices and clamps to Indonesia, accounting for a 54% share of total imports. Moreover, vices and clamps imports from China exceeded the figures recorded by the second-largest supplier, Japan (X tons), fivefold. The third position in this ranking was taken by Singapore (X tons), with a 10% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from China totaled -4.6%. The remaining supplying countries recorded the following average annual rates of imports growth: Japan (+14.0% per year) and Singapore (-4.3% per year).

In value terms, China ($X), Japan ($X) and Thailand ($X) appeared to be the largest vices and clamps suppliers to Indonesia, with a combined 65% share of total imports.

Thailand, with a CAGR of +50.0%, saw the highest rates of growth with regard to the value of imports, among 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 2022, the average vices and clamps import price amounted to $X per ton, picking up by 51% against the previous year. In general, import price indicated pronounced growth from 2012 to 2022: its price increased at an average annual rate of +4.3% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the UK ($X per ton), while the price for India ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Taiwan (Chinese) (+13.7%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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