Indonesia: Market for Grinding, Sanding and Polishing Machines 2024

Market Size for Grinding, Sanding and Polishing Machines in Indonesia

The Indonesian market for grinding, sanding and polishing machines skyrocketed to $X in 2022, surging by X% 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). Overall, consumption, however, continues to indicate a noticeable shrinkage. Over the period under review, the market hit record highs at $X in 2012; however, from 2013 to 2022, consumption stood at a somewhat lower figure.

Exports of Grinding, Sanding and Polishing Machines

Exports from Indonesia

In 2022, overseas shipments of grinding, sanding and polishing machines were finally on the rise to reach X units after five years of decline. In general, exports showed a buoyant increase. Over the period under review, the exports reached the peak figure at X units in 2016; however, from 2017 to 2022, the exports remained at a lower figure.

In value terms, grinding, sanding and polishing machine exports soared to $X in 2022. Over the period under review, exports enjoyed a tangible increase. The exports peaked at $X in 2017; however, from 2018 to 2022, the exports failed to regain momentum.

Exports by Country

Singapore (X units), the United States (X units) and Vietnam (X units) were the main destinations of grinding, sanding and polishing machine exports from Indonesia, with a combined X% share of total exports.

From 2012 to 2022, the biggest increases were recorded for the United States (with a CAGR of X.0%), while shipments for the other leaders experienced mixed trend patterns.

In value terms, Singapore ($X), the United States ($X) and Vietnam ($X) constituted the largest markets for grinding, sanding and polishing machine exported from Indonesia worldwide, with a combined X% share of total exports.

In terms of the main countries of destination, the United States, with a CAGR of X.0%, saw the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced mixed trend patterns.

Export Prices by Country

The average export price for grinding, sanding and polishing machines stood at $X per unit in 2022, declining by X% against the previous year. In general, the export price showed a pronounced decline. The pace of growth was the most pronounced in 2021 an increase of X%. As a result, the export price attained the peak level of $X per unit, and then reduced sharply in the following year.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Singapore ($X per unit), while the average price for exports to Malaysia ($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 (X%), while the prices for the other major destinations experienced mixed trend patterns.

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Imports of Grinding, Sanding and Polishing Machines

Imports into Indonesia

In 2022, imports of grinding, sanding and polishing machines into Indonesia was estimated at X units, picking up by X% compared with 2021. Over the period under review, imports saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2019 with an increase of X% against the previous year. As a result, imports reached the peak of X units. From 2020 to 2022, the growth of imports remained at a lower figure.

In value terms, grinding, sanding and polishing machine imports soared to $X in 2022. Overall, imports, however, continue to indicate a noticeable downturn. The pace of growth was the most pronounced in 2014 with an increase of X% 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, China (X units) constituted the largest supplier of grinding, sanding and polishing machine to Indonesia, with a X% share of total imports. Moreover, grinding, sanding and polishing machine imports from China exceeded the figures recorded by the second-largest supplier, Taiwan (Chinese) (X units), more than tenfold. The third position in this ranking was held by Germany (X units), with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from China amounted to X%. The remaining supplying countries recorded the following average annual rates of imports growth: Taiwan (Chinese) (X% per year) and Germany (X% per year).

In value terms, China ($X) constituted the largest supplier of grinding, sanding and polishing machines to Indonesia, comprising X% of total imports. The second position in the ranking was taken by Taiwan (Chinese) ($X), with a X% share of total imports. It was followed by Germany, with an X% share.

From 2012 to 2022, the average annual growth rate of value from China totaled X%. The remaining supplying countries recorded the following average annual rates of imports growth: Taiwan (Chinese) (X% per year) and Germany (X% per year).

Import Prices by Country

In 2022, the average import price for grinding, sanding and polishing machines amounted to $X per unit, growing by X% against the previous year. Over the period under review, the import price, however, continues to indicate a noticeable reduction. The pace of growth appeared the most rapid in 2020 when the average import price increased by X% against the previous year. The import price peaked at $X per unit in 2012; however, from 2013 to 2022, import prices failed to regain momentum.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Taiwan (Chinese) (X%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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