Updated Nov 20, 2022 14:48

Market for Rubber-to-Metal and Moulded Article in Indonesia

Market Overview
After two years of decline, the Indonesian rubber-to-metal and moulded article market increased by % to $ in . Over the period under review, consumption saw buoyant growth. Rubber-to-metal and moulded article consumption peaked at $ in 2013; however, from 2014 to , consumption failed to regain momentum.


Consumption
In , consumption of rubber-to-metal and moulded articles increased by % to tons, rising for the second consecutive year after two years of decline. Over the period under review, consumption enjoyed strong growth. Over the period under review, consumption reached the maximum volume at tons in 2012; however, from 2013 to , consumption failed to regain momentum.

The value of the rubber-to-metal and moulded article market in Indonesia rose rapidly to $ in , picking up by % 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 showed a buoyant expansion. Over the period under review, the market reached the peak level at $ in 2013; however, from 2014 to , consumption failed to regain momentum.


Market Forecast
Driven by increasing demand for rubber-to-metal and moulded articles in Indonesia, the market is expected to continue an upward consumption trend over the next eight years. Market performance is forecast to decelerate, expanding with an anticipated CAGR of +% for the period from to , which is projected to bring the market volume to tons by the end of .

In value terms, the market is forecast to increase with an anticipated CAGR of +% for the period from to , which is projected to bring the market value to $ (in nominal prices) by the end of .


Market Structure
Rubber-to-metal and moulded article market in Indonesia consists almost entirely of imported products.


Trade Balance
Indonesia remains a net importer of rubber-to-metal and moulded article; in physical and value terms, imports consistently exceeded exports from 2007 to . In , there was a trade deficit of tons, which was equal to $. Those figures reflect the fact that neither imports nor exports don’t dominate the trade balance, and the country may export not only the product manufactured domestically, but also re-export some previously imported goods.