Indonesia - Tankers - Market Analysis, Forecast, Size, Trends and Insights
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View PricingTanker Price in Indonesia - 2022
Contents:
- Tanker Price in Indonesia (CIF) - 2022
- Tanker Price in Indonesia (FOB) - 2022
- Tanker Imports in Indonesia
- Tanker Exports in Indonesia
Tanker Price in Indonesia (CIF) - 2022
In 2022, the average tanker import price amounted to $12,764,011 per unit, falling by -8.1% against the previous year. Over the period under review, the import price, however, posted a remarkable increase. The most prominent rate of growth was recorded in 2013 when the average import price increased by 90%. Over the period under review, average import prices reached the peak figure at $13,894,004 per unit in 2021, and then reduced in the following year.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was South Korea ($57,396,995 per unit), while the price for Niue ($4,661,116 per unit) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Malta (+95.2%), while the prices for the other major suppliers experienced more modest paces of growth.
Tanker Price in Indonesia (FOB) - 2022
In 2022, the average tanker export price amounted to $2,119,881 per unit, waning by -45.9% against the previous year. In general, the export price showed a pronounced slump. The pace of growth was the most pronounced in 2021 when the average export price increased by 1,118% against the previous year. Over the period under review, the average export prices reached the maximum at $7,171,305 per unit in 2017; however, from 2018 to 2022, the export prices remained at a lower figure.
As there is only one major export destination, the average price level is determined by prices for Bangladesh.
From 2012 to 2022, the rate of growth in terms of prices for Bangladesh amounted to +3.9% per year.
Tanker Imports in Indonesia
In 2022, after three years of growth, there was decline in overseas purchases of tankers, when their volume decreased by -2.9% to 34 units. The total import volume increased at an average annual rate of +3.1% from 2019 to 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2020 with an increase of 6.5%. Imports peaked at 35 units in 2021, and then shrank modestly in the following year.
In value terms, tanker imports shrank to $434M in 2022. In general, total imports indicated a strong increase from 2019 to 2022: its value increased at an average annual rate of +16.2% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +57.1% against 2019 indices. The most prominent rate of growth was recorded in 2020 with an increase of 38% against the previous year. Over the period under review, imports hit record highs at $486M in 2021, and then dropped in the following year.
| Import of Tanker in Indonesia (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| South Korea | 30.7 | 106 | 247 | 225 | 94.2% |
| Japan | 64.8 | 101 | 48.3 | 64.0 | -0.4% |
| Singapore | 5.2 | 32.3 | 56.4 | 51.3 | 114.5% |
| Panama | 7.0 | 7.5 | 50.3 | 45.6 | 86.8% |
| Niue | 58.7 | 77.3 | 3.5 | 41.6 | -10.8% |
| Hong Kong SAR | N/A | N/A | 2.6 | N/A | 0% |
| Marshall Islands | 81.0 | 34.0 | N/A | N/A | -58.0% |
| Germany | 7.2 | N/A | N/A | N/A | 0% |
| India | N/A | N/A | 32.5 | N/A | 0% |
| Others | 21.6 | 22.7 | 45.5 | 6.9 | -31.6% |
| Total | 276 | 382 | 486 | 434 | 16.3% |
Top Suppliers of Tanker to Indonesia in 2022:
- Singapore (10.0 units)
- Niue (9.0 units)
- Japan (6.0 units)
- Panama (5.0 units)
- South Korea (4.0 units)
Tanker Exports in Indonesia
In 2022, overseas shipments of tankers decreased by 0% to 1 units for the first time since 2019, thus ending a two-year declining trend. Overall, exports showed a dramatic downturn. The smallest decline of -66.7% was in 2020. The exports peaked at 3 units in 2019; however, from 2020 to 2022, the exports failed to regain momentum.
In value terms, tanker exports dropped notably to $2.1M in 2022. In general, exports recorded a precipitous descent. The most prominent rate of growth was recorded in 2021 with an increase of 1,118% against the previous year. Over the period under review, the exports hit record highs at $9.8M in 2019; however, from 2020 to 2022, the exports failed to regain momentum.
| Export of Tanker in Indonesia (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Bangladesh | 3.7 | 0.3 | N/A | 2.1 | -17.2% |
| India | 0.7 | N/A | N/A | N/A | 0% |
| Singapore | 5.4 | N/A | 3.9 | N/A | -15.0% |
| Others | N/A | N/A | N/A | N/A | 0% |
| Total | 9.8 | 0.3 | 3.9 | 2.1 | -40.2% |
Top Export Markets for Tanker from Indonesia in 2022:
- Bangladesh (1.0 units)
This report provides an in-depth analysis of the tanker market in Indonesia. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.
Product coverage:
- Prodcom 30112210 - Crude oil tankers
- Prodcom 30112230 - Oil product tankers
- Prodcom 30112250 - Chemical tankers
- Prodcom 30112270 - Gas carriers
Country coverage:
- Indonesia
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in Indonesia
- Export and import prices
- Market trends, drivers and restraints
- Key market players and their profiles
Reasons to buy this report:
- Take advantage of the latest data
- Find deeper insights into current market developments
- Discover vital success factors affecting the market
This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.
In this report, you can find information that helps you to make informed decisions on the following issues:
- How to diversify your business and benefit from new market opportunities
- How to load your idle production capacity
- How to boost your sales on overseas markets
- How to increase your profit margins
- How to make your supply chain more sustainable
- How to reduce your production and supply chain costs
- How to outsource production to other countries
- How to prepare your business for global expansion
While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
-
2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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5. MOST PROMISING SUPPLYING COUNTRIES
Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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10. PROFILES OF MAJOR PRODUCERS
The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO -
LIST OF TABLES
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption In 2012-2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
- Trade Balance, In Physical Terms, 2012-2023
- Trade Balance, In Value Terms, 2012-2023
- Per Capita Consumption, 2012-2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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