Indonesia: Way-Type Unit Head Market 2024

Way-Type Unit Head Market Size in Indonesia

The Indonesian way-type unit head market skyrocketed to $X in 2021, jumping by 106% 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). Over the period under review, consumption, however, continues to indicate a noticeable reduction. Way-type unit head consumption peaked at $X in 2013; however, from 2014 to 2021, consumption stood at a somewhat lower figure.

Way-Type Unit Head Exports

Exports from Indonesia

In 2021, shipments abroad of way-type unit heads for working metal decreased by -33.4% to X kg, falling for the second consecutive year after three years of growth. Over the period under review, exports continue to indicate a precipitous setback. The pace of growth appeared the most rapid in 2019 with an increase of 2,268% against the previous year. Over the period under review, the exports attained the peak figure at X tons in 2013; however, from 2014 to 2021, the exports failed to regain momentum.

In value terms, way-type unit head exports expanded sharply to $X in 2021. In general, exports recorded a sharp curtailment. The pace of growth appeared the most rapid in 2019 with an increase of 1,472% against the previous year. The exports peaked at $X in 2013; however, from 2014 to 2021, the exports failed to regain momentum.

Exports by Country

Malaysia (X kg) was the main destination for way-type unit head exports from Indonesia, with a 88% share of total exports. Moreover, way-type unit head exports to Malaysia exceeded the volume sent to the second major destination, Vietnam (X kg), more than tenfold. Japan (X kg) ranked third in terms of total exports with a 2% share.

From 2012 to 2021, the average annual growth rate of volume to Malaysia amounted to +72.3%. Exports to the other major destinations recorded the following average annual rates of exports growth: Vietnam (-24.5% per year) and Japan (-1.0% per year).

In value terms, Malaysia ($X) remains the key foreign market for way-type unit heads for working metal exports from Indonesia, comprising 74% of total exports. The second position in the ranking was held by Japan ($X), with a 7.8% share of total exports. It was followed by Myanmar, with a 3.7% share.

From 2012 to 2021, the average annual rate of growth in terms of value to Malaysia stood at +44.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: Japan (+17.3% per year) and Myanmar (-63.7% per year).

Export Prices by Country

In 2021, the average way-type unit head export price amounted to $X per ton, increasing by 68% against the previous year. Over the period under review, the export price showed a temperate increase. The export price peaked at $X per ton in 2016; however, from 2017 to 2021, the export prices stood at a somewhat lower figure.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Japan (+18.7%), while the prices for the other major destinations experienced more modest paces of growth.

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Way-Type Unit Head Imports

Imports into Indonesia

In 2021, imports of way-type unit heads for working metal into Indonesia surged to X tons, growing by 148% compared with the previous year's figure. In general, imports showed a relatively flat trend pattern. Imports peaked at X tons in 2013; however, from 2014 to 2021, imports failed to regain momentum.

In value terms, way-type unit head imports dropped to $X in 2021. Overall, imports, however, showed a deep setback. The most prominent rate of growth was recorded in 2018 when imports increased by 108%. Imports peaked at $X in 2013; however, from 2014 to 2021, imports failed to regain momentum.

Imports by Country

In 2021, China (X tons) constituted the largest supplier of way-type unit head to Indonesia, with a 66% share of total imports. Moreover, way-type unit head imports from China exceeded the figures recorded by the second-largest supplier, Taiwan (Chinese) (X tons), twofold. India (X tons) ranked third in terms of total imports with a 2.2% share.

From 2012 to 2021, the average annual growth rate of volume from China totaled +11.3%. The remaining supplying countries recorded the following average annual rates of imports growth: Taiwan (Chinese) (+10.3% per year) and India (-15.9% per year).

In value terms, Taiwan (Chinese) ($X), China ($X) and Italy ($X) constituted the largest way-type unit head suppliers to Indonesia, with a combined 89% share of total imports.

In terms of the main suppliers, China, with a CAGR of -3.0%, recorded the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced a decline.

Import Prices by Country

The average way-type unit head import price stood at $X per ton in 2021, reducing by -65.6% against the previous year. In general, the import price faced a abrupt setback. The growth pace was the most rapid in 2013 when the average import price increased by 27%. As a result, import price reached the peak level of $X per ton. From 2014 to 2021, the average import prices failed to regain momentum.

There were significant differences in the average prices amongst the major supplying countries. In 2021, amid the top importers, the country with the highest price was Italy ($X per ton), while the price for India ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Singapore (+2.9%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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